House Bill 1960
Individual Income Tax Revision
For a More Fair and Adequate Tax System
Individual Income Tax Revision
For a More Fair and Adequate Tax System
MTJ and TJHMO STRONGLY SUPPORT HB 1960
Missourians for Tax Justice and the Tax Justice for a Healthy Missouri campaign supported House Bill 1960.
Missouri's individual income tax structure has not been changed since 1971 when new brackets and rates were enacted. The top bracket is $9,000., a figure set in 1931---75 years ago. In today's dollars, $9,000 is nearly $1.4 million!
Missouri's continuing shortfall of funds for essential needs can be cured by updating our income tax structure. This is the logical way---and the only equitable way to raise the revenue to fund services that Missourians need.
See the text of HB 1960 at: http://www.house.mo.gov/bills061/bills/hb1960.htm
ACTION on HB 1960
3-6-06 --- HB 1960 is introduced by
Rep. Jeanette Mott Oxford.
3-7-06 --- the bill is second read
3/16/06 -- the bill is referred to the
House Ways & Means committee.
3/29/06 -- the bill is re-referred to the
House Special Committee on Urban Issues
4/5/06 -- Public Hearing held by this committee
4/6/06 -- the sponsor withdrew the bill
after misrepresentations by some committee members
made it apparent that fair consideration was not possible.