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The bill sponsored by state Rep. Travis Smith of Dora would cut the tax rate, currently 4%, to 3% on Jan. 1 and make another one percentage point cut each year until the tax is eliminated in 2028.
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Regional stories from the KBIA newsroom, including:Missourians to See Individual Income Tax Cut Under New LawMissouri's McCaskill Spends $3.5 M on…
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Missouri Gov. Mike Parson has signed legislation that his office says will cut the state's top individual income tax rate to 5.4 percent next year.The…
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House members on Wednesday voted to advance a proposal to cut the income tax rate for businesses and most Missouri residents to 5 percent as part of a…
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Missouri revenue growth appears to have reached the threshold to trigger income tax cuts.Data released Wednesday by the state budget director show net…
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Officials from Missouri's public universities are raising concerns about reduced revenues for education as state lawmakers consider an income tax cut.A…
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The Missouri Senate has begun debate on a compromise tax cut brokered last month between Gov. Jay Nixon, a Democrat, and state Sen. Will Kraus, R-Lee's...
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Every homeowner in Missouri could get a one-time tax refund under legislation pending in the state Senate.The proposal is estimated to cost the state $384…
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Missouri House members have endorsed the first change in Missouri's income tax brackets since the Great Depression.A bill given initial approval Monday…
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The Missouri House has given first-round approval to two separate but similar tax-cut bills. Both bills would create tax breaks for business income that...