Shaping Policies. Creating Opportunities.

Featured State Tax Policy

How Missouri Taxes & Revenue Compare to Other States

A number of tax changes made over the last three decades have resulted in an inadequate, upside-down tax system where low- and middle-income Missourians pay a higher share of their income in taxes than the richest Missourians, and out-of-state corporations pay less than their
Read More

Improving Missouri’s Working Families Tax Credit

In Missouri, working families with low wages generally pay a higher share of their income in state and local taxes than do the highest earners. Improving the state’s working families tax credit would make Missouri’s tax structure more fair, further incentivize work,
Read More

How Missouri Taxes & Revenue Compare to Other States

A number of tax changes made over the last three decades have resulted in an inadequate, upside-down tax system where low- and middle-income Missourians pay a higher share of their income in taxes than the richest Missourians, and out-of-state corporations pay less than their
Read More

A Path Forward: How Lawmakers Can Provide Fiscally Responsible Tax Relief that Reaches Every Missourian

Governor Parson’s recently released tax proposal would leave out about 1/3 of Missourians, including many of those who pay the highest proportion of their income in state & local taxes, and set the state up for a Kansas-like budget bomb that would require significant cuts to
Read More

Special Session Tax Proposal Leaves Out 1/3 of Missouri Taxpayers, Weighted to Benefit Wealthiest

NOTE: This analysis has been updated to reflect the specific proposal released by Governor Parson on August 22, 2022. A PDF of the earlier version (based on the outline of the proposal the Governor had described in June) can be found at the bottom of this page. Governor Parson’s
Read More

Wayfair Fix Can Help Stabilize Missouri’s Budget

View/Download the PDF Version By enacting the “Wayfair Fix,” legislators can level the playing field for Missouri businesses, help balance the state’s budget, and provide the much-needed resources our communities need to prosper. While Missouri’s local businesses contribute to
Read More

The Case for Decoupling: How Federal Tax Changes May Impact Missouri Revenue

Download the Full PDF A number of provisions included in the recently passed federal tax law will affect state revenue collections because of the way state and federal tax laws interact. While most of these implications are clear, the way that Missouri’s state personal exemption
Read More

Senate Tax Bills Provide Unfair Giveaways, Leave Communities Reeling

Download the Full PDF The Missouri Senate Ways & Means Committee is considering two bills that would dramatically alter Missouri’s tax code, beginning in 2019. While the bills contain a few good provisions that the Missouri Budget Project supports, those features pale in
Read More

Creating Winners & Losers: Lessons for MO on the Implications of the Business Income Deduction

Download the PDF Version On top of budget restrictions made earlier this year, state lawmakers who are putting together next year’s state budget are considering additional cuts to a number of services that help Missouri families stay afloat, including cuts to school
Read More

Streamlined Sales Tax

This page will be regularly updated – please check back often Missouri tax laws have failed to keep pace with a changing economy, reducing the state’s ability to invest in the well-being of its citizens. In particular, Missouri and other states that rely on sales and use taxes to
Read More
12