Mo. House Backs Tax Cut, Local Bonding Plans

4 years 1 month 2 weeks ago April 10, 2013 Apr 10, 2013 Wednesday, April 10 2013 Wednesday, April 10, 2013 5:52:42 PM CDT in News
By: Associated Press

JEFFERSON CITY - The Missouri House has given initial approval to a business tax cut and a bonding program inspired by a job competition with Kansas.

One bill endorsed Wednesday would phase in a 50 percent deduction for business income reported on individual income taxes and cut the state's corporate income tax rate in half over five years. It's projected to eventually reduce state revenues by up to $328 million annually.

A second bill would authorize cities and counties to issue bonds for development projects that would be paid off through sales tax revenues.

Both measures are similar to policies in Kansas, which has been competing with Missouri to lure businesses.

The Missouri House bills need a second vote before they can advance to the Senate.

 

More News

Grid
List
HOLTS SUMMIT - Callaway County Sheriff Deputies arrested two men after deputies found meth, marijuana and a firearm in their... More >>
44 minutes ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 11:36:00 PM CDT in News
JEFFERSON CITY – Gov. Eric Greitens called for the special legislative session on Monday, and it’s costing taxpayers thousands of... More >>
3 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 8:51:00 PM CDT in News
ST. LOUIS (AP) — Police are investigating whether a man who stole a pickup truck after killing a woman and... More >>
5 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 7:09:45 PM CDT in News
COLUMBIA – President Donald Trump's proposed budget cuts on Tuesday could decrease funding for food stamps by nearly $200 billion... More >>
5 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 6:38:00 PM CDT in News
COLUMBIA - Pizza Tree, a local restaurant in Columbia, is participating in a national campaign that works with the non-profit... More >>
7 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 5:17:00 PM CDT in News
JEFFERSON CITY (AP) — A preliminary assessment has found about $86 million of damage and costs from recent flooding and... More >>
7 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 5:00:00 PM CDT in News
ST. LOUIS (AP) — A St. Louis man could face up to a year in prison after admitting that he... More >>
7 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 4:28:01 PM CDT in News
COLUMBIA - Blue Cross and Blue Shield of Kansas City announced it will withdraw from the Affordable Care Act starting... More >>
9 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 2:56:00 PM CDT in News
PARMA (AP) — A southe ast Missouri ma n is accused of burglary after allegedly targeting a most unlikely place... More >>
10 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 1:51:54 PM CDT in News
ST. CHARLES - With no verdict reached, jurors will resume deliberating the fate of Mexico resident Serghei Comerzan on Friday,... More >>
10 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 1:21:00 PM CDT in News
ST. LOUIS (AP) — A woman is dead and a man critically wounded after shootings in St. Louis' Baden neighborhood.... More >>
11 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 12:38:59 PM CDT in News
JEFFERSON CITY - Lincoln University announced Mike Middleton as its interim president Thursday as it prepares for current president Kevin... More >>
12 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 11:55:00 AM CDT in News
COLUMBIA - A report of a chemical smell coming from a hotel room turned out to be from white powder... More >>
12 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 11:24:00 AM CDT in News
JEFFERSON CITY - Jefferson City's Boys and Girls Club opened its new facility after three years without headquarters. "When... More >>
15 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 9:08:00 AM CDT in News
RAYTOWN (AP) — A Kansas City-area middle school is offering support to students who saw a body hanging from a... More >>
15 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 8:33:00 AM CDT in News
ST. LOUIS (AP) — A bridge over Interstate 270 near St. Louis will be closed for the next three months.... More >>
16 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 7:51:57 AM CDT in News
ST. LOUIS (AP) — The federal agency investigating an April 3 explosion that killed four people in south St. Louis... More >>
17 hours ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 6:35:42 AM CDT in News
COLUMBIA - MU has found its new chancellor. On Wednesday, UM System President Mun Choi introduced Alexander Cartwright as... More >>
1 day ago May 25, 2017 May 25, 2017 Thursday, May 25 2017 Thursday, May 25, 2017 12:10:00 AM CDT in Top Stories
Columbia, MO
Broken Clouds 64°
1am 64°
2am 64°
3am 63°
4am 62°

Select a station to view its upcoming schedule:

Coming Up Next

11:37p
Late Night with Seth Meyers
12:37a
Last Call with Carson Daly
1:07a
The Insider
12:00a
Raising Hope
12:30a
Cheaters
1:00a
Cheaters

Tonight's Schedule

7:00p
First Dates
8:00p
Dateline NBC
7:00p
Penn & Teller: Fool Us
8:00p
Penn & Teller: Fool Us
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld