A Missouri Senate committee is considering whether the state should be charging a 6.5-percent sales tax on out-of-state internet purchases. Missouri School Boards Association spokesman Brent Ghan says the tax could bring in additional money for the state. Ghan hopes lawmakers would not use the additional revenue to give tax cuts. […]
Missourians are being encouraged to file income taxes as soon as possible this year. Financial advisor Marshall Mennenga says Congress and the Trump administration wanted a smaller, easier tax form. The two-page 1040 has increased to eight pages and Mennenga advises taxpayers to file income taxes as early as possible.
Free tax preparation help is being offered for eligible Missourians. Bill Wise with the Missourinet reports. The University of Missouri has opened volunteer income tax assistance sites around the state to help eligible Missourians with their tax return preparation. The IRS-sponsored program that includes Missouri students and staff provides free assistance for low- […]
The state Revenue Department has been reworking tax tables after announcing in September that it was under collecting individual income taxes. But fixing the problem midyear means taxpayers could owe more money at the end of the year. Budget Director Haug admitted as much by predicting the state’s budget picture would improve when the majority […]
On Tuesday, November 6, 2018, voters will see three medical marijuana initiatives on their ballots—Amendment 2, Amendment 3, and proposition C. Voters are permitted to vote “yes” or “no” on each of the ballot measures. You can read the full text of each ballot issue in the November 6 General Election by going to the Missouri […]
New numbers show state revenues are picking up, but there’s still a 3.2 percent shortage to the state’s bottom line in the current fiscal year. Missouri Budget Director Dan Haug says typically the shortfall would lead to a cut in state services. The Missouri Department of Revenue is redoing tax tables because it’s […]
(Missourinet) – Ameren Missouri is the first of the two largest utilities in the state to drop customer rates based on savings it’s receiving from a tax reduction. Congress cut the nation’s corporate income tax rate from 35%-to-21% last December with the reduction taking effect January 1st. Ameren’s drop of customer rates to […]
(Missourinet) – Governor Mike Parson has signed five bills into law since replacing Eric Greitens as head of state, but 61 other measures await his attention. Among the bills signed by Parson Friday was one dealing extensively with the Department of Natural Resources. It gives the agency the authority to establish rules and […]
Several proposals were introduced earlier in the legislative session that offered differing versions to massively overhaul the Missouri tax system and now, the Missouri legislature has passed an income tax reduction. The various plans came on the heels of a federal tax package passed by Congress in late 2017. What the state legislature […]
A far-reaching utility bill just passed by the state legislature calls on Missouri power companies to pass the savings they’re getting from corporate tax cuts on to customers. David Woodsmall with the Midwest Energy Consumers Group contends the stipulation has an out clause for the utilities. He says it allows them to delay the savings […]
The bell for the April 17 tax return deadline tolls for thee. But don’t panic, says University of Missouri Extension personal financial planning specialist Andrew Zumwalt. Income tax extensions are easy to file and give filers some breathing room. You can get an automatic six-month extension of time to file from the Internal Revenue Service. To […]
After an audit released in January showed state income tax refunds to Missourians have been increasingly and deliberately delayed, Missouri State Auditor Nicole Galloway today announced a new audit of the Department of Revenue’s timeliness in issuing refunds. The Auditor said citizen feedback again will be vital as she continues efforts to determine if the […]
