Missourians to See Individual Income Tax Cut Under New Law

By |2018-07-17T10:19:53-05:00July 16, 2018 10:16 am|Local News|0 Comments

JEFFERSON CITY, MO (KDKZ-TV)Gov. Mike Parson has signed legislation that his office says will cut the state’s top individual income tax rate to 5.4 percent next year.

It will take effect on the heels of earlier tax cuts passed by Missouri’s Republican-led Legislature. A 2014 law enacted gradual cuts based on state revenue growth.

State Treasurer Eric Schmitt confirmed that revenue growth will trigger a cut from the current 5.9 percent rate down to 5.8 percent in January because of the earlier law. That covers the top tax bracket, which applies to most Missourians.

On top of that, the new law Parson signed will bring the rate down 0.4 percent. The rate will gradually go down to 5.1 percent depending on state revenue growth.

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I joined News Channel 18 in May 2011 in the weather department as Chief Meteorologist. In January 2013, I assumed the roll of News Director. I started my career in 2003 in high school. I attended Farmington High School. While there, I was a student in Black Knight Television (BKTV), doing anything from camera work, to editing, producing and anchoring the weather. I attended Mineral Area College, University of Missouri – Columbia, Mississippi State University and Webster University. While attending college, I continued to help out with BKTV. In 2009, I interned at KOMU-TV, Columbia, Missouri’s NBC affiliate. I enjoy spending time with my wife, Danica and our daughters , Declynn and Danleigh. I can’t forget about our dog, Daisy. We rescued her in 2011. We also have a cat named Dolly. I am committed to giving you the most accurate information, whether it’s from my latest weather forecast, or a news story that could touch your heart. Contact me if you have any questions or a news idea.

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