Missouri Lawmakers Pass Income Tax Cut

5 years 1 week 6 days ago Thursday, May 09 2013 May 9, 2013 Thursday, May 09, 2013 4:15:00 PM CDT May 09, 2013 in News
By: Associated Press

JEFFERSON CITY - Missouri lawmakers have given final approval to an income tax cut for businesses and individuals that could reduce state revenues by about $700 million when fully phased in.

The legislation passed Thursday would mark the first decrease in Missouri's income tax rate since 1921. It's intended to counteract a recent income tax cut in Kansas, which is battling Missouri for businesses.

The tax cut was a top priority of Missouri's Republican-led Legislature. But Democratic Gov. Jay Nixon has not said whether he will sign it.

The measure would gradually reduce business income taxes by about half and would lower Missouri's top individual income tax rate from 6 percent to 5.5 percent over 10 years. The incremental cuts would take effect only if annual revenues rise by $100 million.

More News

Grid
List
COLUMBIA- The city of Columbia will hold the first of seven community policing meetings Wednesday evening. Each meeting is set... More >>
48 minutes ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 7:34:00 AM CDT May 23, 2018 in News
BOLIVAR (AP) — The Missouri State Highway Patrol says an 87-year-old man died after a small plane he was piloting... More >>
1 hour ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 6:39:00 AM CDT May 23, 2018 in News
JEFFERSON CITY (AP) - Missouri Gov. Eric Greitens was pulled over Friday while speeding. Spokesman Parker Briden in a... More >>
14 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 6:21:00 PM CDT May 22, 2018 in News
JEFFERSON CITY – The next phase of a new VA facility in Jefferson City is underway. Jefferson City Council... More >>
14 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 6:16:00 PM CDT May 22, 2018 in News
KAISER - One family says it is facing an immigration nightmare. Jia McDevitt's parents were detained at the Jacksonville, Florida, port... More >>
15 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:20:00 PM CDT May 22, 2018 in News
COLUMBIA - MUPD hosted a Citizen's Response to Active Threats training Tuesday. MU senior Olivia Botonis said learning about... More >>
15 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:05:00 PM CDT May 22, 2018 in News
JEFFERSON CITY (AP) - Like actors rehearsing a script, Missouri lawmakers on Tuesday publicly read aloud the previously secret criminal... More >>
15 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 4:35:00 PM CDT May 22, 2018 in News
COLUMBIA- Missouri Lt. Gov. Mike Parson toured Columbia Tuesday afternoon to visit new business locations and talk about everything from... More >>
16 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 3:42:00 PM CDT May 22, 2018 in News
JEFFERSON CITY (AP) - A Missouri environmental group is suing to overturn a law that lengthens the process the Department... More >>
17 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 2:56:00 PM CDT May 22, 2018 in News
COLUMBIA - A jury trial in a wrongful death lawsuit in Carl DeBrodie's death is scheduled to begin March 2,... More >>
19 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 1:20:00 PM CDT May 22, 2018 in News
COLUMBIA - The Columbia City Council failed to pass the controversial Henderson Branch sewer project in a 3-3 vote Monday... More >>
21 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 10:49:00 AM CDT May 22, 2018 in News
JEFFERSON CITY (AP) — The Latest on allegations against Gov. Eric Greitens (all times local): 5:35 p.m. ... More >>
22 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 10:12:00 AM CDT May 22, 2018 in News
SPRINGFIELD (AP) — Springfield police say an 8-year-old girl who hadn't been seen since early Tuesday has been found... More >>
23 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 8:36:00 AM CDT May 22, 2018 in News
COLUMBIA - In the wake of the deadly Santa Fe High School shooting , the MU Police Department will be... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 7:43:00 AM CDT May 22, 2018 in News
BRUSSELS (AP) — Facebook CEO Mark Zuckerberg faces senior European Union lawmakers later Tuesday to answer questions about a... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:22:00 AM CDT May 22, 2018 in News
COLUMBIA - The Columbia Police Department said it found a missing teen around 1 a.m. Tuesday. Authorities said Brice... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 4:41:00 AM CDT May 22, 2018 in News
COLUMBIA - Columbia residents will have a chance to learn about - and talk about - climate change Tuesday night.... More >>
1 day ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 3:00:00 AM CDT May 22, 2018 in News
COLUMBIA - An on-going rift between two east campus communities has come to a breaking point. Non-resident property owners want... More >>
1 day ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:29:00 PM CDT May 21, 2018 in Top Stories
Columbia, MO
Broken Clouds 71°
9am 74°
10am 76°
11am 79°
12pm 81°