Audio: Missouri House leaders support one-time $500 tax credit

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Leaders in the Missouri House are supporting a plan to give residents a one-time economic recovery tax credit to help with the increased cost of living.



House Budget Committee Chair Cody Smith of Carthage says his bill would provide a $500 credit to anyone who filed a 2021 income tax return and couples filing jointly will receive up to a thousand dollars. It would be paid for with one billion dollars in state funds. Smith says Missouri is fortunate to have a record surplus that we can use a portion of to provide direct economic relief to working Missourians.

Leaders say the measure will be a legislative priority for the House in the final weeks of the session.

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