Modifies provisions relating to income tax

HB 100 temporarily lowers Missouri's top income tax rate to 4.95% for tax years 2023-2025, then sets a permanent 4% rate starting January 1, 2026. It allows for future rate reductions (down to 0.1% per year) if state revenue exceeds prior years by specific dollar thresholds. The bill affects all Missouri residents who pay state income tax by modifying how income is taxed across different brackets. The legislation is currently pending in committee after being postponed for further review in February 2025.