Missouri Legislature latest to join tax relief bandwagon The Missouri Legislature has recently joined the tax relief bandwagon by passing a bill that would provide tax relief to individuals and businesses in the state. The bill, which was signed into law by Governor Mike Parson, is aimed at providing relief to those who have been impacted by the COVID-19 pandemic. The tax relief bill includes several provisions that will benefit individuals and businesses in Missouri. One of the key provisions is a reduction in the state's income tax rate. The bill reduces the top income tax rate from 5.4% to 5.3%, which will provide relief to individuals who earn more than $8,584 per year. In addition to the income tax rate reduction, the bill also includes a provision that will provide relief to businesses in the state. The bill provides a tax deduction for businesses that have been impacted by the pandemic. The deduction is equal to the amount of expenses that businesses have incurred due to the pandemic, up to a maximum of $50,000. The tax relief bill has been welcomed by many in the state, who have been struggling due to the pandemic. The bill is expected to provide relief to thousands of individuals and businesses in Missouri, who have been hit hard by the pandemic. The tax relief bill is just the latest in a series of measures that have been taken by states across the country to provide relief to those impacted by the pandemic. Many states have passed similar bills, providing relief to individuals and businesses in their respective states. The tax relief bandwagon is likely to continue, as states look for ways to provide relief to those who have been impacted by the pandemic. With the pandemic continuing to impact the economy, it is likely that more states will follow Missouri's lead and pass tax relief bills in the coming months. In conclusion, the Missouri Legislature's tax relief bill is a welcome relief for individuals and businesses in the state who have been impacted by the pandemic. The bill provides much-needed relief to those who have been struggling, and is likely to be followed by similar bills in other states. As the pandemic continues to impact the economy, it is important that states continue to provide relief to those who need it most.