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Missouri governor signs bill to exempt stimulus checks from income taxes

A bill was signed Tuesday to exempt stimulus checks from state income taxes that were received from the COVID-19 relief bill.

Missourians will not be charged income tax on the check they received a few months ago from the federal government.

Governor Mike Parson signed a bill Tuesday exempting the stimulus checks received as part of the coronavirus relief bill from state income taxes.

“At a time when Missouri residents are struggling to recover from economic hardships, it’s important that they keep every dollar possible,” Missouri State Sen. Tony Luetkemeyer said. Luetkemeyer, from Parkville, Mo., sponsored the bill.

“This legislation addresses several areas of taxation to allow Missourians to keep more of their hard-earned money.”

In signing the bill, the governor has established a new timeline for property assessment notices to ensure taxpayers have time to appeal increases. It also requires county assessors to conduct a physical inspection of real estate prior to increasing a property’s assessment more than 15% and shifts the burden of establishing higher property values to assessors.