The bill approved 90-68 on Wednesday would represent the most significant change to Missouri's tax code in at least a couple of decades. It now returns to the Senate, which passed a different version earlier this year.
Under the House plan, the top individual income tax rate would be cut by two-thirds of a percentage point over five years, so long as state revenues continue to rise by $100 million annually. Business taxes also would be cut. The sales tax would be gradually increased by three-fifths of a cent, with revenues earmarked to schools, a new mental hospital and roads.