Mo. House Backs Tax Cut, Local Bonding Plans

6 years 6 months 4 days ago Wednesday, April 10 2013 Apr 10, 2013 Wednesday, April 10, 2013 5:52:42 PM CDT April 10, 2013 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
(CNN) -- When it comes to concussions in high school sports, there is good news and bad news, a new... More >>
1 hour ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 6:29:48 AM CDT October 15, 2019 in News
CEYLANPINAR, Turkey (AP) — Turkey defied growing condemnation from its NATO allies to press ahead with its invasion of northern... More >>
2 hours ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 5:45:00 AM CDT October 15, 2019 in News
KANSAS CITY, Kan. (AP) — The Kansas City T-Bones are officially locked out of their stadium in Kansas City, Kansas.... More >>
3 hours ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 4:48:00 AM CDT October 15, 2019 in News
COLUMBIA - The City of Columbia is trying to slow drivers down on two streets in the downtown area. ... More >>
4 hours ago Tuesday, October 15 2019 Oct 15, 2019 Tuesday, October 15, 2019 3:56:00 AM CDT October 15, 2019 in News
CAMDENTON — Camdenton City Clerk Renee Kingston didn't fall for a traffic violation scam. Kingston said she received two... More >>
12 hours ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 7:50:00 PM CDT October 14, 2019 in News
ST. LOUIS COUNTY, Mo. — A father was shot with his four children in his car while driving in south... More >>
12 hours ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 7:36:00 PM CDT October 14, 2019 in News
COLUMBIA - The Columbia Board of Education will discuss modifications to the public comment section of its meetings Monday night.... More >>
15 hours ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 5:13:00 PM CDT October 14, 2019 in News
COLUMBIA — The CEO of Dow Inc. has donated $6 million to a new University of Missouri health institute... More >>
19 hours ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 12:49:00 PM CDT October 14, 2019 in News
CENTRALIA — The city of Centralia held its first monthly meeting on public safety Monday night since the firing of... More >>
20 hours ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 11:51:00 AM CDT October 14, 2019 in News
KEYTESVILLE- A mid-Missouri father filed a wrongful death lawsuit Wednesday against the man accused of causing his disabled daughter's death... More >>
20 hours ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 11:21:00 AM CDT October 14, 2019 in News
JEFFERSON CITY - A local group wants to expand the Jefferson City National Cemetery by relocating East Miller Park across... More >>
21 hours ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 10:25:00 AM CDT October 14, 2019 in News
ROCHEPORT - The Columbia/ Boone County Department of Public Health and Human Services is opening community-based pop up flu clinics... More >>
21 hours ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 10:20:00 AM CDT October 14, 2019 in News
JEFFERSON CITY - Moms Demand Action is partnering with Stop the Bleed Coalition to hold crisis first aid training on... More >>
1 day ago Monday, October 14 2019 Oct 14, 2019 Monday, October 14, 2019 3:40:00 AM CDT October 14, 2019 in News
COLUMBIA - Maries County sheriff's deputies said a drunk driver was to blame in a fatal car crash from early... More >>
1 day ago Sunday, October 13 2019 Oct 13, 2019 Sunday, October 13, 2019 8:46:00 PM CDT October 13, 2019 in News
COLUMBIA - Drivers on I-70 westbound saw 2 mile long delays around mile marker 124 when the Missouri State Highway... More >>
1 day ago Sunday, October 13 2019 Oct 13, 2019 Sunday, October 13, 2019 4:18:00 PM CDT October 13, 2019 in News
ROCHEPORT - The Missouri Department of Natural Resources said the number of people using the Katy Trail is down by... More >>
1 day ago Sunday, October 13 2019 Oct 13, 2019 Sunday, October 13, 2019 3:08:00 PM CDT October 13, 2019 in News
COLUMBIA - The CDC began monitoring the 2019-2020 flu season this weekend. And doctors are urging people to get their... More >>
1 day ago Sunday, October 13 2019 Oct 13, 2019 Sunday, October 13, 2019 2:55:00 PM CDT October 13, 2019 in Continuous News
COLUMBIA — Six Columbia churches had their first Sunday service with improved emergency health precautions on Oct. 13. The... More >>
1 day ago Sunday, October 13 2019 Oct 13, 2019 Sunday, October 13, 2019 2:00:00 PM CDT October 13, 2019 in News
Columbia, MO
Broken Clouds 58°
9am 60°
10am 62°
11am 64°
12pm 65°