4:57 pm
Fri May 30, 2014

Missouri Department of Revenue to be audited

Missouri State Capitol
Jacob Fenston KBIA

Missouri tax officials are getting audited. 

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3:15 pm
Mon March 10, 2014

Taxes for Missouri farmers to increase

Credit Camille Phillips / Harvest Public Media

Missouri farmers will get a larger property tax bill for their land starting in 2015.

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8:00 am
Mon November 25, 2013

Missouri businesses to pay more in unemployment taxes

Credit Image by Evan Townsend

Missouri businesses will have to shell out more money for unemployment taxes next year in order to pay down debt the state owes to the federal government.

Missouri began borrowing federal dollars in 2008 to pay for jobless benefits after an economic downturn drained the state's unemployment benefits trust fund.  Brendan Cossette with the Missouri Chamber of Commerce and Industry says that led to the feds levying a surcharge on Missouri businesses to repay the borrowed money.

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4:51 pm
Wed September 4, 2013

Mo. tax revenues increased in August

Credit Jacob Fenston / KBIA

Missouri tax revenues rose slightly last month, thanks to growth in income tax collections.

The state Office of Administration said Wednesday that net general revenues were up 2.2 percent in August compared to the same month last year.

That includes a 4.6 percent growth rate in individual income taxes and 10.2 percent growth in corporate income tax collections.

Sales tax collections, though, were down by 1.8 percent compared to August 2012.

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8:21 am
Thu August 29, 2013

Missouri, Texas governors spar over tax cut

Missouri Gov. Jay Nixon is defending his veto of an income tax cut as Texas Gov. Rick Perry comes to Missouri to tout low taxes.

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8:20 am
Tue August 13, 2013

Auditor: Columbia TDDs could owe hundreds of thousands in fines

Columbia's Transportation Development Districts
Credit City of Columbia Planning and Development Department

The Missouri state auditor says dozens of transportation tax districts – including some in Columbia - could owe millions of dollars of fines for not properly reporting their finances. But Auditor Tom Schweich says Missouri law is unclear about who should collect those fines.

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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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Business Beat
10:52 am
Thu June 27, 2013

Immigrant farming; Indpendence goes green; Missouri's tax situation

Originally from Laos, Air Philavanh now farms 11 acres near Milo, Iowa. He’s built a shelter for his cattle out of a dilapidated barn.
Credit Amy Mayer / Harvest Public Media

Our neighboring city of Independence, Mo., is going green with its lighting over the few years. 

At the 81st annual meeting of the U.S. Conference of Mayors in Las Vegas last past weekend, Independence announced its plans to partner with Philips Lighting on an energy and maintenance saving project.

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7:26 am
Mon June 10, 2013

Various Mo. state fees may increase

Credit Jacob Fenston / KBIA

Missouri's Republican-led Legislature put a priority on cutting taxes this year. But the same lawmakers who passed a $700 million income tax cut also approved numerous little-known fee increases.

One of those measures could increase fees on driver's licenses and vehicle registrations, costing Missourians almost $22 million annually. Another bill would impose fees on mailed-in speeding traffic tickets, affecting an estimated 170,000 cases annually.

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4:53 pm
Tue April 2, 2013

Missouri increases cash flow by tapping state budget reserve fund

Missouri improves cash flow through the Budget Reserve fund.
Credit Andrew Magill / Flickr

Missouri has used a state budget reserve fund to improve its cash flow.

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6:05 pm
Fri March 29, 2013

Nixon signs tax incentive bill

Credit File photo / KBIA

 Gov. Jay Nixon signed a bill today that authorizes tax incentives for large sporting events and for some charitable donations. 

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3:40 pm
Wed March 6, 2013

Mo. senator rolls out new tax overhaul proposal

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

A Missouri senator is rolling out a new proposal to overhaul the state's taxes in an effort to keep pace with neighboring states such as Kansas.

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9:02 am
Mon February 25, 2013

Mo. bill seeks taxes from out-of-state retailers

stopnlook FLICKR

Missouri lawmakers are looking for ways to collect taxes from some online and out-of-state retailers.
State budget officials estimate that Missouri could gain about $10 million annually in tax revenues if legislation filed in both the House and Senate were to pass.

The bills address two areas that traditional retail stores contend put them at a disadvantage. One provision would require Missouri taxes to be collected on out-of-state retailers that personally deliver products like furniture and appliances to Missouri homes.

5:17 pm
Wed November 14, 2012

McCaskill, Blunt take opposing stances on taxes

selbstfotografiert Wikimedia Common

Missouri's two U.S. senators are taking opposite positions on whether to raise taxes on the wealthy as part of a solution to the so-called fiscal cliff facing the economy.

Democratic Sen. Claire McCaskill said Wednesday that she supports President Barack Obama's insistence that top income-earners should face higher tax rates. But Republican Sen. Roy Blunt said he opposes increasing the tax rates for anyone.

The divide between Missouri's senators is emblematic of the stalemate in Washington.

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4:42 pm
Thu October 25, 2012

Columbia Chamber of Commerce endorses Proposition B

The Columbia Chamber of Commerce board of directors has formally endorsed Proposition B, a measure on the November ballot that would raise in the state’s tobacco sales rate to 90 cents per pack. 

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4:10 pm
Fri May 4, 2012

Missouri House votes to trim business taxes

Missouri House members approved legislation trimming taxes on businesses.

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8:53 am
Mon April 9, 2012

Columbia's new tax levy to maintain programs and staffing

A new tax levy passed by Columbia voters helps fund school programs.

Columbia public schools are $7.5 million dollars richer after voters approved a 40-cent tax levy in Tuesday’s election.

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9:09 am
Mon April 2, 2012

St. Louis Co. Republican proposes business tax breaks

Missouri businesses and businesses owners could start paying less in taxes under a bill moving through the state Senate.

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11:32 am
Wed January 25, 2012

Matthes says proposed tax increase could finance regional airport

A proposed tax increase on hotel rooms could help finance improvements to the Columbia Regional Airport, according to Columbia City Manager Mike Matthes.

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AM Newscasts
11:15 am
Wed January 25, 2012

Newscast for January 25, 2012

Regional news from the KBIA newsroom, including:

  • Defeated voter ID bill resurfaces
  • A proposed tax increase on hotel rooms could help finance improvements to the Columbia Regional Airport
  • Missouri casino operators resist tax to fund state-operated veterans' homes
  • MU leaders discuss budget constraints 
  • Threatening stickers planted outside Missouri congressional offices
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10:21 am
Wed January 25, 2012

Missouri casino operators resist tax to fund state-operated veterans' homes

Missouri casino operators say they should not be solely responsible for boosting funding to state-operated veterans' homes.

Missouri House members have suggested adding $1 to the $2 per-patron entrance fee that casinos already pay the state. Gov. Jay Nixon's administration has said the fresh revenue could provide a dedicated funding source for the seven existing veterans' homes and possibly pay for one more.

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