Skip to content
NFIB Logo Join Now

As Show-Me State’s General Assembly Convenes, Tax Cuts Take Effect

As Show-Me State’s General Assembly Convenes, Tax Cuts Take Effect

January 4, 2023

The state’s tax cuts drop the individual rate to 4.95 percent and exempt the first $1,000 in income from taxes

As Show-Me State’s General Assembly Convenes, Tax Cuts Take Effect

As Missouri’s General Assembly gaveled into session on Wednesday, the state’s recently passed tax cuts when into effect, dropping the individual rate to 4.95 percent and exempting the first $1,000 in income from taxes. These tax cuts are welcome news to small businesses. As the latest National Federation of Independent Business Small Business Optimism Index revealed, inflation remains the No. 1 problem facing Main Street. And far too many employers are unable to find workers, while many communities’ lack of access to broadband puts small businesses at a competitive disadvantage. Cutting taxes was a crucial first step. But as prices continue to skyrocket and workers remain scarce, job creators will be asking state lawmakers to do no harm and to act in the best interest of small businesses.
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

February 20, 2026
Millionaire Tax Proposal Begins House Journey
NFIB rallying opposition to Senate measure that will affect small businesses
Read More
February 19, 2026
WATCH: NFIB Arizona Member Testifies Before Ways and Means Committee
NFIB Leadership Council Member Brad Scott testifies in support of HB 2290, which would clarify Arizona’s Transaction Privilege Tax Sourcing Law
Read More
February 18, 2026
NFIB Arizona to Lawmakers: Small Businesses Need Tax Certainty Now
“We will continue to urge lawmakers to take action and align Arizona’s income tax code with the small business provisions that are permanent in federal law so …
Read More
Radio Microphone with an on air sign in the bacjkground
February 18, 2026
NFIB Takes Opposition to Millionaire Tax to the Airwaves
KIRO 7 News interview helping set the record straight
Read More

© 2001 - 2026 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility