April 14, 2022

House Leadership Announces Plan to Provide Economic Relief to Working Missourians (HB 3021)

Members of House Leadership and the chairman of the House Budget Committee want to help working Missourians afford the ever-increasing cost of living. The Budget Committee chairman filed legislation this week that would create a one-time economic recovery tax credit for Missouri residents who paid personal income tax in the state for 2021. The plan immediately gained the support of the members of House leadership.

HB 3021 will appropriate $1 billion from the state’s General Revenue Fund to fund a one-time economic recovery non-refundable tax credit. Under the plan, anyone filing an individual Missouri personal income tax return would receive up to a $500 credit. Married couples filing jointly would receive up to a $1,000 credit. The credit is limited to individuals who were a Missouri resident for the entire tax year.

“As families struggle to make ends meet with the rising cost of inflation, it’s important that we do everything we can to help them keep more of their hard-earned dollars. The state is fortunate to have a record surplus that we can use a portion of to provide direct economic relief to working Missourians,” said the House Budget chairman.

The members of House Leadership issued a joint statement saying, “As a caucus we have made it clear that we do not support the idea of spending every available dollar to increase the size of government, but instead believe individual Missourians are the best decision makers for how to spend their tax dollars.”

The Speaker of the Missouri House of Representatives noted that he and the House Budget Committee chairman have worked together over the past few months to find the best solution for providing substantive relief to working Missourians. He added that HB 3021 will be a legislative priority for the House in the final weeks of session. The bill has already received a public hearing in the House Budget Committee.

As always, it is an honor to serve you.

Representative Allen Andrews, District 1, Majority Whip

Missouri State Capitol, Room 302-1

201 West Capitol Avenue, Jefferson City, MO  65101

Telephone 573-751-9465, Allen.Andrews@house.mo.gov