Skip to content

Missouri House Passes Tax Cuts for Small Businesses

Missouri House Passes Tax Cuts for Small Businesses

April 4, 2023 Last Edit: June 5, 2025

Now the ball is in the Senate’s court to cut taxes in the Show Me State

Missouri House Passes Tax Cuts for Small Businesses

The House of Representatives approved tax cuts at the end of March, reducing both the income and corporate tax rates for Missourians. Under HB 816 and HB 660, the top individual rate would be lowered from 4.95 percent to 4.5 percent and the corporate rate would be cut in half to 2 percent. Local job creators in particular will benefit from the reduced income tax rate, as most small businesses are organized as pass-through entities, meaning owners pay taxes at the individual rather than the corporate rate. Now the ball is in the Senate’s court to cut taxes in the Show Me State. We’ll continue working with lawmakers in the General Assembly to make it easier to do business in Missouri. Tell your Senator to support tax cuts for Missouri small business owners HERE.
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

United States Capitol Building Wide Shot
July 3, 2025
NFIB Thanks Congress for Passing Landmark Small Business Tax Re…
NFIB applauds Congress for passing the One Big Beautiful Bill Act, which in…
Read More
#image_seo_title
July 2, 2025
NFIB Jobs Report: Job Openings Remain a Challenge for Main Stre…
Labor quality remains a top problem for small businesses.
Read More
July 2, 2025
NFIB Key Votes One Big Beautiful Bill Act in U.S. Senate and Ho…
NFIB key votes the One Big Beautiful Bill Act in the 119th Congress and urg…
Read More
July 2, 2025
Small Business Owners Push Priorities in Capitol Hill Meetings
Over 80 small business owners attended NFIB’s annual Fly-In. They attende…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility