Missouri Income Tax Legislation Has Been Passed


Despite reservations from Governor Jay Nixon, the Missouri Senate has passed legislation that cuts state income taxes.  The bill was passed yesterday by the Republican Led Senate and could phase-in tax cuts beginning in 2017.  According to legislative researchers, it’s projected to potentially waive more than $620-million dollars annually.  Governor Nixon is calling the tax cut a reckless experiment and is threatening to veto the measure unless the bill protects education and reduces existing tax breaks for developers.  The bill now goes to the house.

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