Section 143.021 - Tax determined by rates in section 143.011 - no tax on taxable income, when1. Every resident having a taxable income shall determine his or her tax from the rates provided in section 143.011. For all tax years beginning on or before December 31, 2022, there shall be no tax on a taxable income of less than one hundred dollars.2.(1) Notwithstanding the provisions of subsection 1 of section 143.011 to the contrary, for all tax years beginning on or after January 1, 2023, there shall be no tax on taxable income of less than or equal to one thousand dollars, as adjusted pursuant to subsection 5 of section 143.011.(2) The modifications made pursuant to this subsection shall only apply to tax years that begin on or after January 1, 2023.(3) The director of the department of revenue shall, by rule, adjust the tax table provided in subsection 1 of section 143.011 to effectuate the provisions of this subsection.Amended by 2022EX1 Mo. Laws, SB 3,s A, eff. 1/2/2023.Amended by 2014 Mo. Laws, SB 509,s A, eff. 8/28/2014.L. 1972 S.B. 549
Effective 1-1-73