Mo. Lawmakers Look to Fire Back in Business Border Battle

3 years 3 months 4 weeks ago January 03, 2013 Jan 3, 2013 Thursday, January 03 2013 Thursday, January 03, 2013 5:52:00 AM CST in News
By: Nick Thompson

JEFFERSON CITY - Missouri lawmakers have filed several proposals to cut income taxes in Missouri for the upcoming legislative session, citing the need to keep up with Kansas. 

Kansas passed legislation in May that took effect at the beginning of this year. It reduces the top individual income tax rate from 6.45 percent to 4.9 percent and eliminated income taxes altogether for 191,000 businesses. Missourians currently pay individual income taxes of 6 percent on taxable income above $9,000.  

Kansas also provides loftier incentives to businesses in the Kansas City area. According to an analysis by the Associated Press, Missouri and Kansas have doled out $750 million worth of tax incentives in the region in the last five years, with three quarters of that spending coming from Kansas. A 2009 Kansas law allows companies that re-locate to retain 95 percent of their employee witholding tax for up to ten years. 

Business leaders in Kansas City have expressed worry that businesses moving across state lines are only creating what economists call a "zero-sum" game, where millions in state incentives are paid with no real benefit to the region. 

In the Missouri Senate, some lawmakers look to follow the Sunflower State's lead. The proposals include: 

-A plan pre-filed by Sen. Brad Lager, R-Savannah, that eliminates the state's corporate income tax rate altogether by 2018. 

-A proposal by Sen. Eric Schmitt, R-Glendale, that reduces the corporate rate and will allow a 50 percent deduction for business income by 2016. 

-A bill pre-filed by a Kansas City area lawmaker, Sen. Will Kraus, R-Lee's Summit, that lowers rates on corporate, business and individual income. 

-A bill pre-filed by Sen. John Lamping, R-Ladue, that flattens the individual income tax rate at 4 percent and raises cigarette and sales taxes. 

 

 

 

 

More News

Grid
List
COLUMBIA - According to MoDOT, law enforcement is trying to crack down on underage drinking and driving. Law enforcement will... More >>
6 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 8:44:00 PM CDT in News
KANSAS CITY (AP) — A former police officer for the Veterans Affairs Medical Center in Kansas City, Missouri, is accused... More >>
6 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 8:03:02 PM CDT in News
JEFFERSON CITY (AP) — Missouri lawmakers have advanced a "personhood" measure that backers said will protect the unborn and opponents... More >>
7 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 7:09:10 PM CDT in News
COLUMBIA - MU Health employees filed a lawsuit against the hospital and claimed MU Health "knowingly and willfully failed and... More >>
8 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 6:06:00 PM CDT in News
COLUMBIA - The Centers for Disease Control said more than 50 percent of children with ADHD between 2-5 years old... More >>
9 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 5:50:00 PM CDT in News
KANSAS CITY, Mo. (AP) — Kansas City Mayor Sly James says the city will not hold an election this year... More >>
10 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 4:50:26 PM CDT in Continuous News
FORT LEONARD WOOD - First Lady Michelle Obama and Second Lady Dr. Jill Biden paid a visit to Thayer Elementary... More >>
10 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 4:15:00 PM CDT in News
JEFFERSON CITY (AP) — Missouri Supreme Court judges have ruled against what some called a tax loophole for doughnut holes.... More >>
10 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 3:58:49 PM CDT in Continuous News
JEFFERSON CITY (AP) — Missouri lawmakers have approved the creation of a commission to review the University of Missouri System's... More >>
11 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 3:46:00 PM CDT in News
COLUMBIA - Toddlers have shot seven people in Missouri since 2015, according to a Washington Post analysis. Only Georgia had... More >>
12 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 2:52:00 PM CDT in News
JOPLIN (AP) — A man who left a Joplin hospital against medical advice after he was wounded by police is... More >>
12 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 2:02:59 PM CDT in News
ST. LOUIS (AP) — A woman who was charged with abandoning her baby in a Manhattan subway station in 2014... More >>
13 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 1:50:00 PM CDT in News
JEFFERSON CITY (AP) — The Missouri Legislature has voted to override the governor and block a wage hike for home-care... More >>
13 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 1:43:00 PM CDT in News
LIBERTY (AP) — Authorities said that a building has partially collapsed on the historic square in the Kansas City suburb... More >>
13 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 1:39:00 PM CDT in News
COLUMBIA - An Illinois man was taken into custody Monday night charged with dismembering a human body. Police arrested... More >>
13 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 1:17:00 PM CDT in News
COLUMBIA - The City of Columbia bought new billing software designed to make utility bills easier to read. The... More >>
14 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 12:57:00 PM CDT in News
JEFFERSON CITY - The United Way of Central Missouri's 2016 campaign theme was revealed with a mini parade Tuesday morning.... More >>
14 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 12:23:00 PM CDT in News
BOONVILLE - The Boonville Police Department's new K-9, Vik, passed the certification to be a Police Utility Dog, according to... More >>
16 hours ago May 03, 2016 May 3, 2016 Tuesday, May 03 2016 Tuesday, May 03, 2016 10:18:00 AM CDT in News
Columbia, MO
Broken Clouds 53°
3am 54°
4am 54°
5am 54°
6am 53°

Select a station to view its upcoming schedule:

Coming Up Next

2:07a
The Meredith Vieira Show
3:07a
Mad Money
4:00a
Early Today
2:30a
Paid Program
3:00a
Paid Program
3:30a
Paid Program

Tonight's Schedule

7:00p
Heartbeat
8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
7:00p
Arrow
8:00p
Supernatural
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld