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On July 1, 2025, Missouri implemented a series of new tax laws in an effort to generate additional revenue for the state. The changes, which were approved by the state legislature earlier this year, are expected to impact both individual taxpayers and businesses.One of the key changes is an increase in the state's gas tax, which will rise by 10 cents per gallon. This is the first increase in the gas tax in over a decade and is aimed at funding much-needed infrastructure projects across the state. Supporters of the increase argue that it is necessary to maintain and improve Missouri's roads and bridges, which have been deteriorating due to lack of funding.In addition to the gas tax increase, the state has also introduced a new tax on vaping products. The tax will be levied on the sale of electronic cigarettes and other vaping devices, with the revenue generated earmarked for public health initiatives aimed at reducing smoking and vaping among Missouri residents.For individual taxpayers, the state has adjusted its income tax brackets to better align with inflation. This change is expected to result in a slight increase in taxes for some residents, particularly higher-income earners, while providing relief to those in lower tax brackets. The state has also increased the standard deduction for both single and married filers, providing additional tax relief for many Missourians.On the business front, Missouri has enacted a new corporate tax rate that will be phased in over the next two years. The rate will ultimately be reduced from its current level of 6.25% to 5.75%, making the state more competitive with its neighbors in attracting businesses and investment.Overall, the changes to Missouri's tax laws are aimed at modernizing the state's tax system and generating additional revenue to address critical infrastructure needs and other priorities. While some residents may see an increase in their tax burden, state officials are hopeful that the changes will ultimately benefit all Missourians in the long run.