House Expands Retirement Tax Cuts

1 decade 2 years 9 months ago Wednesday, February 14 2007 Feb 14, 2007 Wednesday, February 14, 2007 1:28:17 PM CST February 14, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - A proposed tax cut designed to help retirees gets expanded in the House. A bill pending in the House would exempt Social Security benefits and pension plans from state income taxes. It was projected to cost $130 million. But Wednesday, House members expanded the bill to also exempt up to $6,000 annually in capital gains and retirement plan interest. That's expected to add $100 million to the bill. The House did not vote Wednesday on the overall legislation. Debate is expected to continue Thursday. House Speaker Rod Jetton is a supporter of the tax cut. He believes the cost will be partially offset by increased state revenues. Critics say the money should be used to turn back cuts made to state programs in recent years.

More News

Grid
List
JEFFERSON CITY - Thousands of dollars were missing after an audit of Glasgow, Mo., released last year. Kevin... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 6:16:00 PM CST December 11, 2019 in News
FLORISSANT, Mo. — Alex Sims is just like any other kid around Christmas. He's hoping for some cards and maybe... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 5:57:00 PM CST December 11, 2019 in News
COLUMBIA - The Substance Abuse Advisory Commission decided on Wednesday that it could not endorse the ban of all flavored... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:21:00 PM CST December 11, 2019 in News
JERSEY CITY, N.J. (AP) — New Jersey Attorney General Gurbir Grewal said at a news conference with other officials Wednesday... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:11:00 PM CST December 11, 2019 in News
JEFFERSON CITY - The bronze statue that has sat atop the Capitol for nearly 95 years is causing controversy. ... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:01:00 PM CST December 11, 2019 in News
COOPER COUNTY - The banks of the Lamine River look different Wednesday. During previous days of the search for... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:53:00 PM CST December 11, 2019 in News
COLUMBIA - Pulaski County Deputies are looking for Austin Tabor after receiving several calls about stolen vehicles Sunday. At... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:38:00 PM CST December 11, 2019 in News
COLUMBIA — Father Tolton Catholic High School announced its search for new leadership Wednesday, more than a month after the... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:08:00 PM CST December 11, 2019 in News
MARCELINE - Tucked into a small part of Linn County sits Marceline, Mo. and the Walt Disney Hometown Museum. ... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 11:00:00 AM CST December 11, 2019 in News
LAKE OF THE OZARKS - Divers with the Missouri State Highway Patrol recovered a victim's body at 1:10 p.m. in... More >>
1 day ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 10:08:00 AM CST December 11, 2019 in News
COLUMBIA - On Wednesday, the Boone County League of Women Voters is celebrating 100 years since its founding. The... More >>
2 days ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 3:45:00 AM CST December 11, 2019 in News
JEFFERSON CITY - Lawmakers from both sides of the aisle will come together for a press conference over Missouri's HIV-specific... More >>
2 days ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 3:40:00 AM CST December 11, 2019 in News
COLUMBIA - The Hughes' family puts together their Christmas jigsaw puzzle in their front yard around Thanksgiving every year. It's... More >>
2 days ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 10:39:00 PM CST December 10, 2019 in Continuous News
COLUMBIA - The Supreme Court of Missouri unanimously upheld a death sentence ruling Tuesday against a Jefferson City man who... More >>
2 days ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 9:36:00 PM CST December 10, 2019 in News
COLUMBIA - The Missouri Court of Appeals ruled in favor of awarding $5.3 million to Ryan Ferguson. The court... More >>
2 days ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 8:30:00 PM CST December 10, 2019 in News
ELDON - Four city workers in Eldon are left in the dark after they have been notified by the city... More >>
2 days ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 7:36:00 PM CST December 10, 2019 in News
COLUMBIA – Columbia Public Schools released its investigation summary into the Battle High School vs. Jackson R-2 varsity football game.... More >>
2 days ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 7:23:00 PM CST December 10, 2019 in News
COLUMBIA - Four state lawmakers have pre-filed legislation to raise Missouri's fuel tax in 2021. The tax is currently... More >>
2 days ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 7:13:00 PM CST December 10, 2019 in News
Columbia, MO
Broken Clouds 38°
5am 37°
6am 36°
7am 35°
8am 36°