Tax Cuts

The bill would also remove taxes on Social Security benefits, which both parties say could be helpful to seniors in the state.

The bill would slice the corporate rate in half and exempt all Social Security benefits from state taxation.

The bill signing Wednesday brings a conclusion to what’s likely the last legislative actions of 2022.

Gov. Mike Parson in July announced his intent to hold a special session to address two vetoes he issued. The legislature will consider language on both tax credit programs related to agriculture and a permanent income tax cut.

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