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Analysis of Tax Provisions in Senate Bill 153

Both the House and Senate versions of Senate Bill 153 address a tax loophole known as the “Wayfair Fix,” but other tax changes included in the bills would have far different impacts on Missouri taxpayers. Specifically, SB 153 as perfected by the Senate, would provide a boost to Missourians working for low wages through a Working Families Tax Credit, in addition to a change in the top income tax rate. The House Committee Substitute for HB 153 would instead target tax reductions to the wealthiest Missourians and pay for a portion of those reductions with a tax increase on middle-income families.

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