JEFFERSON CITY, Mo. – On Wednesday, House Republicans celebrated the passage of House Bill 594 and 508, landmark legislation that supports Missouri families and communities and makes the Show-Me State more competitive for businesses and entrepreneurs.
“We are proud to cut taxes for everyday Missourians and give our local communities the resources they need to thrive,” Speaker Jon Patterson, R-Lee’s Summit, said. “Cutting taxes on diapers and feminine hygiene products affects ALL Missouri families and will have the greatest positive impact with low-income women and girls across Missouri. House Bill 594 is family first legislation.”
“There is something in this for everyone,” Speaker Pro Tem Chad Perkins, R-Bowling Green, said. “I couldn’t imagine anyone not supporting this.”
House Bills 594 and 508 work for Missouri families and communities by:
- Removing state sales tax on diapers and feminine hygiene products
- Eliminating capital gains tax from the sale of Missourians’ homes, farms, retirement funds, stocks, and other major capital investments
- Expanding existing property tax relief programs for seniors and tying new thresholds to the Consumer Price Index (CPI)
- Investing in public safety across several local law enforcement organizations
- Supporting local fire, ambulance, and first responder groups across the state
- Advancing Missouri’s final-mile broadband expansion efforts and removing sales tax charges on broadband equipment
- Assisting a local community center in Independence
With passage and formal signing from the Missouri General Assembly, House Bills 594 and 508 now head to the governor’s desk for his signature into law.