Proposed Senate Bill Would Cut Corporate Income Taxes

3 years 3 months 6 days ago January 24, 2013 Jan 24, 2013 Thursday, January 24 2013 Thursday, January 24, 2013 2:28:00 PM CST in News
By: Brian Bondus

JEFFERSON CITY -  A Missouri Senate tax committee discussed a series of bills Thursday to cut corporate income taxes over the next few years. 

Senator Eric Schmitt's , R- St. Louis County, bill would cut the corporate income tax in half by 2017.  

The current tax rate for corporate income is 6.25 percent. Schmitt's bill would gradually decrease the rate each year until settling at 3.125 percent in 2017. 

Other bills propose cutting the corporate tax by less than half.

If passed, the bill would cut state revenue by tens of millions of dollars.  

More News

Grid
List
COLUMBIA — May 1st is now recognized by the U.S. Senate as Silver Star Service Banner Day, to honor those... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 3:58:00 PM CDT in News
COLUMBIA — The University of Missouri College of Engineering students introduced this year's race car built for the upcoming competition... More >>
3 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 2:45:00 PM CDT in News
ST. LOUIS (AP) — Ameren Missouri is proposing two voluntary programs that would require customers' to support more solar power.... More >>
4 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 1:57:48 PM CDT in News
NEW MELLE (AP) — A university that owned the two-century-old house in suburban St. Louis that once was famed frontiersman... More >>
5 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:15:00 PM CDT in News
COLUMBIA (AP) — An interim diversity officer at the Un iversity of Missouri will be returning to the university's School... More >>
6 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:10:00 PM CDT in News
JEFFERSON CITY (AP) — Missouri's Republican-led Legislature is weighing a number of tax breaks for businesses as the session wraps... More >>
6 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:06:09 PM CDT in News
BALLWIN (AP) — The Latest on Missouri's congressional district Republican conventions (all times local): 4:45 p.m. Donald Trump has... More >>
6 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 11:59:00 AM CDT in News
ST. LOUIS — After a month of food donations, Missouri Farm Bureau Insurance will announce the total weight of its... More >>
9 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 8:59:00 AM CDT in News
COLUMBIA — The Boone County Sheriff's Department, Columbia Police Department and Jefferson City Police Department collected unused or unwanted prescription... More >>
21 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 8:28:00 PM CDT in News
SPRINGFIELD (AP) — A 28-year-old Springfield man has been sentenced to two life terms for fatally stabbing a rural southwest... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 4:23:26 PM CDT in Continuous News
COLUMBIA — Safe Kids Columbia unveiled its new Safe Kids Mobile Education Unit Saturday. Children also learned about safety while... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 4:20:00 PM CDT in News
COLUMBIA — Boone Hospital gave community members a chance to receive a variety of free cancer screenings at their 3rd... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:54:00 PM CDT in News
BOONE COUNTY — A woman was hospitalized after crashing her car on Highway 63 Saturday afternoon. According to the... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:49:00 PM CDT in News
CHICAGO - The NFL Draft has called and Mizzou answered. Today three former Missouri Tigers were selected in the... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:23:00 PM CDT in Top Stories
JEFFERSON CITY — The Missouri Junior Golf Foundation opened the Ken Lanning Golf Center Saturday morning. The golf course... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:20:00 PM CDT in News
COLUMBIA — Hundreds of mid-Missourians gathered at Bass Pro Shops Lake Saturday morning for the fifth annual "Float Your Boat... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 2:41:00 PM CDT in News
JEFFERSON CITY (AP) — There are two weeks left for the Missouri Legislature to pass bills, and some Democrats are... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 1:27:24 PM CDT in News
COLUMBIA — The Missouri State Highway Patrol (MSHP) said Saturday a man who they arrested on Wednesday has died. ... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 8:53:00 AM CDT in News
Columbia, MO
Broken Clouds 64°
7pm 61°
8pm 58°
9pm 56°
10pm 54°

Select a station to view its upcoming schedule:

Coming Up Next

6:00p
Little Big Shots
7:00p
Little Big Shots
8:01p
The Carmichael Show
4:30p
Space Cowboys
7:00p
A History of Violence
9:00p
KOMU 8 News @ Nine on The CW

Tonight's Schedule

7:00p
Little Big Shots
8:01p
The Carmichael Show
8:30p
Crowded
9:00p
Dateline NBC
7:00p
A History of Violence
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Cougar Town