Missouri residents might receive checks in the amount of $500 per person under a new stimulus tax rebate package supported by the state’s Senate.
The goal is to assist residents in coping with the increased costs of living as a result of inflation.
While the measure appears to have gained support thus far, a vote by the House of Representatives and Governor Mike Parson is still required.
Who is eligible for a refund under the stimulus package?
Individuals earning less than $150,000 per year and married couples earning less than $300,000 per year are eligible.
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Individuals will receive payments in the amount of $500, while married couples will receive payments in the amount of $1,000.
Refunds may be prorated in order to keep the total amount under the $500 million ceiling.
The House of Representatives has a proposal that is similar, except that there are no income limits and that there is a $1 billion dollar cap before the payments are prorated.
Residents must have paid their taxes in order to be eligible.