Governor Parson Signs Omnibus Tax Bill Into Law

This week, Governor Parson signed into law SBs 153 & 97, an omnibus tax bill sponsored One of the provisions in the bill is the "Wayfair Tax" which allows Missouri and local jurisdictions to collect sales taxes on online purchases that will help protect Missouri's brick and mortar businesses.

The bill also includes a state Earned Income Tax Credit (EITC). Modeled after the federal EITC, it allows low and middle income Missouri families beginning in 2023 to claim a 10% state tax credit to offset their Missouri income tax liability. The tax credit may not exceed the amount of the taxpayer's liability, and will not be refundable. The MCC has long supported a state EITC as a way to provide for and encourage hardworking families to achieve a better future and a pathway to the middle class.