Missouri House Budget Committee Chair Cody Smith (left) and Senate Appropriations Committee Chair Dan Hegeman (R-Cosby) discuss the state budget on May 4, 2022 in Jefferson City (photo courtesy of Tim Bommel at House Communications)

Tax rebate legislation moves closer to finish line in Missouri Legislature

Missouri House Budget Committee Chair Cody Smith (left) and Senate Appropriations Committee Chair Dan Hegeman (R-Cosby) discuss the state budget on May 4, 2022 in Jefferson City (photo courtesy of Tim Bommel at House Communications)

Missouri taxpayers are one step closer to getting a $500 tax refund from the state.

The state Senate has given initial approval to a bill providing a one-time tax credit up to $500 for individuals and $1,000 for couples.

The Missouri House voted 103-44 in late April to approve a similar bill from House Budget Committee Chairman Cody Smith (R-Carthage). Supporters include State Rep. Sara Walsh (R-Ashland), who says the state has a $1.8 billion surplus. Walsh says the people can spend the money better than the government.

Missourians who paid personal income tax in the state in 2021 would receive a refund, under the similar bills.

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