corporate income tax

Politics
4:48 pm
Tue December 3, 2013

Missouri revenues up 2.2 percent for year

Missouri budget officials say the state's tax revenues have increased 2.2 percent through the first five months of the current fiscal year.

The state's Office of Administration on Tuesday released collection figures for the period from July 1 through the end of November.

The report says Missouri collected $2.19 billion in individual income taxes through November, up 2.6 percent from the $2.13 billion collected in the same period last year. Sales and use tax collections are up 2.9 percent this year.

Corporate income taxes are up about 32 percent for the year.

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Politics
12:22 pm
Wed November 13, 2013

Missouri Governor Calls For Truce In Economic Border War

Missouri Gov. Jay Nixon answers reporters' questions after outlining his proposal to abate the economic border battle with Kansas.

Originally published on Tue November 12, 2013 5:47 pm

Missouri Gov. Jay Nixon called for a temporary halt to what’s known as the economic “border war” between Kansas and Missouri Tuesday, in an address to the Greater Kansas City Area Chamber of Commerce.

Both states have a history of offering incentives to draw companies across state line. Nixon wants a temporary moratorium for the Kansas City metro area.

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Politics
7:03 am
Fri July 12, 2013

Political group wants Nixon to override tax veto

Credit KBIA File Photo

A new political group is launching a campaign to persuade legislators to override the governor's veto of a bill that would phase in various income tax reductions. Political activist Rex Sinquefield has contributed $1.3 million to a business coalition that supports a cut in income taxes.

The contribution reported Thursday on the state Ethics Commission website provides the financial foundation for a newly formed committee called Grow Missouri.

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Politics
8:40 am
Thu May 9, 2013

Mo. Senate passes income tax cut to counter Kan.

The Missouri Senate has passed legislation phasing in a potential $700 million income tax cut for businesses and individuals.

The legislation approved 24-9 Wednesday by the Republican-led Senate is intended to counteract a large income tax cut that took effect this year in Kansas. The bill now goes to the House.

It would gradually cut the individual income tax by one-half of a percentage point and the corporate income tax by three percentage points over a decade. But each incremental cut would take effect only if annual revenues rise by at least $100 million.

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Politics
4:14 pm
Wed March 27, 2013

Mo. House measures would reduce corporate income taxes

A Missouri Senate committee is considering legislation that would make CPR training mandatory for high school graduates, beginning in the fall of 2014.
Ryan Famuliner KBIA

Missouri House members have approved a trio of measures that would reduce taxes for some businesses.

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