taxes

Columbia Daily Tribune

Sales tax. Not a great opening line for journalists trying to educate people about how a city functions. The moment sales tax is mentioned eyes glaze over, something else suddenly becomes important, and we all casually scroll through twitter on our phones.

But sales tax is actually a really fascinating topic, especially right now in our city and country’s history. To learn why, we have to go back…way back, to 1970.

Department of Economic Development

Jim Spencer, CEO of Newsy, received the Governor’s Entrepreneur of the Year Award earlier this month. Missouri Business Alert’s Maggie Angst caught up with Spencer, to find out where Newsy is heading.

Newsy is a company that collects the day’s news stories from multiple news sources and produces videos that add analysis and context to the story. The videos are then delivered through the Internet to tablets, smartphones, computers, and even TV. Newsy was found in 2008, and this January, it was acquired by E.W. Scripps Company for $35 million.

missouri capitol
Jacob Fenston / KBIA

Missouri tax officials are getting audited. 

drought farm field soybeans
Camille Phillips / Harvest Public Media

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

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.

missouri capitol
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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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.

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.

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.

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.

missouri capitol
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.

Andrew Magill / Flickr

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

File photo / KBIA

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

state capitol
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.

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.

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.

Columbia Chamber of Commerce endorses Proposition B

Oct 25, 2012

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. 

Missouri House members approved legislation trimming taxes on businesses.

Columbia's new tax levy to maintain programs and staffing

Apr 9, 2012
File / KBIA

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

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

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

Newscast for January 25, 2012

Jan 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

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.