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May 19, 2022Jefferson City, Mo. |  By: AP

Missouri Gov. Parson unsure about one-time tax credit bill

taxes

JEFFERSON CITY, Mo. (AP) - Missouri Gov. Mike Parson says he's concerned about a one-time tax credit lawmakers passed this year.

The Republican told reporters Wednesday that he doesn't like that not all Missourians would get a tax break. The bill calls for up to a $500 nonrefundable tax credit for single workers and a maximum of $1,500 for married couples filing jointly.

The refunds would go only to individuals earning less than $150,000 and couples making less than $300,000 annually. Parson says he would rather cut taxes for all Missourians. He has until mid-July to decide whether to sign or veto the bill.