State lawmakers are pushing legislation that would give Missourians a one-time tax credit.
Rep. Cody Smith, R-Carthage, filed House Bill 3021 on Monday to create a one-time economic recovery tax credit for Missouri residents who paid personal income tax in the state for 2021, according to a state House of Representatives news release.
Mid-day Tuesday, House Democrats said they were astounded by the legislation, given that House Republicans had voted down a Democratic proposal to use some of the state’s unprecedented general revenue surplus to give cash payments to Missourians six days ago.
HB 3021, which was filed by Republican leadership, would appropriate $1 billion from the state’s general revenue fund to fund the one-time economic recovery non-refundable tax credit.
Story was updated to include Democrats' reaction to the proposal.