The state House of Representatives has given first-round approval to an effort that would tax out-of-state businesses selling online to Missourians. The legislation might not result in a significant state revenue increase because it would be offset by lowering the state’s income tax rate. Bill sponsor J. Eggleston, of northwest Missouri’s Maysville, says a so-called […]
Tag: Tax
Audio: Missouri Senate gives initial approval to proposed gas tax hike with a rebate
The Missouri Senate has given initial approval on Wednesday to a proposed gas tax hike with a rebate. The vote comes after the upper chamber spent about eight hours Tuesday on the plan before eventually pulling the bill from debate. Senate President Dave Schatz of Sullivan is proposing to boost the tax by 12-and-a-half cents […]
Audio: Missouri gas tax hike proposal pulled from debate
The Missouri Senate spent about eight hours Tuesday working on a proposed gas tax increase that would also offer a rebate. Two Conservative Caucus members, Senators Bill Eigel and Andrew Koenig blocked a vote on the bill, eventually leading to the proposal getting pulled from debate. Senate President Dave Schatz of eastern Missouri’s Sullivan, says […]
City of Forsyth receives “Poor” audit rating; audit highlights city’s poor oversight and accounting procedures
An audit of the City of Forsyth released today by State Auditor Nicole Galloway gives a rating of “poor” after finding numerous concerns, including more than $1,400 missing from the city’s vault and another $2,000 in utility deposits that were received but never deposited. In addition to the missing money, the audit also found that […]
Trenton city sales tax receipts up more than 6% in first eleven months of fiscal year
Trenton city sales tax receipts are up more than six percent for general purposes, capital projects, and parks in the first eleven months of Trenton’s current fiscal year, compared to the same months a year ago, May through March. Income from the city sales tax for fire department needs is up nearly eight percent, and […]
Audio: 15 cent per gallon gas tax legislation expected to go to Missouri Senate this week
Missouri lawmakers will be tackling several key issues this week, including a proposed gas tax increase and changing the makeup of the Missouri Conservation Commission. Senate President Pro Tem Dave Schatz of Sullivan tells Missourinet he expects his proposal to increase the motor fuel tax to go to the Senate floor this week. […]
Video Interview: Senator Hawley wants separate minimum wage hike and immediate tax credit for blue-collar workers works
Missouri U.S. Senator Josh Hawley voted Friday against adding a minimum wage hike to the current COVID-19 relief bill in the Senate but is calling for a higher minimum wage — and a tax credit for some blue-collar workers. Hawley, in a stand-alone bill, would require companies that make more than $1 billion annually to […]
Every Republican, including Senator Blunt, voted no on $2 trillion budget bill
U.S. Senator Roy Blunt (Mo.) released the following statement today after voting against Democrats’ nearly $2 trillion budget reconciliation bill. The far-reaching legislation includes $1,400 stimulus checks, $300-per-week jobless benefits through the summer, a child allowance of up to $3,600 for one year, $350 billion for state aid, $34 billion to expand the Affordable Care Act subsidies, and $14 billion for vaccine distribution. […]
Audio: State Representative from Carrollton proposes legislation that would eliminate Missouri’s Presidential Preference Primary
Legislation to eliminate Missouri’s presidential preference primary has been heard in a House committee in Jefferson City. The bill is sponsored by State Representative Peggy McGaugh of northwest Missouri’s Carrollton, who says it would save state taxpayers nine-million dollars. Secretary of State Jay Ashcroft supports McGaugh’s proposal. Missouri has used the presidential preference […]
Audio: School choice legislation and gas tax legislation could go to Missouri Senate floor this week
Legislation to increase Missouri’s gasoline tax is expected to go to the state Senate floor for debate this week, according to Senate President Pro Tem Dave Schatz. Schatz spoke to Missourinet Sullivan affiliate KTUI. His legislation would increase Missouri’s gasoline tax by 15 cents per gallon, by 2027. Missouri’s 17 cents-per-gallon gas tax […]
Missouri State Auditor releases monthly reports on municipalities and special district financial information
Missouri State Auditor Nicole Galloway recently issued monthly reports detailing the compliance of municipalities and other political subdivisions with financial reporting laws. One report includes cities, towns, and villages, while the other lists political subdivisions such as water, fire protection, and other taxing districts. These entities are required to file annual financial reports with the State […]
Lawmakers propose permanent tax credit to stimulate development in nation’s underserved areas
U.S. Senators Roy Blunt (Mo.) and Ben Cardin (Md.) have introduced a measure to permanently extend the New Markets Tax Credit (NMTC), which has created jobs and driven investment in neighborhoods with high poverty and unemployment rates. The New Markets Tax Credit Extension Act (S.456) will permanently authorize a 39 percent federal tax credit for […]
March 15 last day to complete enrollment for 2021 Agriculture Risk Coverage, Price Loss Coverage Programs
Agricultural producers who have not yet enrolled in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs for 2021 must do so by March 15. Producers who have not yet signed a 2021 enrollment contract or who want to make an election change should contact their local USDA Farm Service Agency (FSA) office […]
Audio: More than 1,400 Missouri prisoners enroll in career and technical training annually
More than 1,400 Missouri prisoners enroll in career and technical training annually. During a Missouri House Budget Committee hearing this week, Trevor Foley with the state Department of Corrections, says nearly 1,600 professional certifications were issued to offenders in the fiscal year 2020. Foley says the prison system has a great placement rate […]
Audio: Missouri U.S. House of Representatives respond to stimulus package passed on Saturday
A one-point-nine-trillion-dollar pandemic relief package heads to the U-S Senate after approval by the Democratic-controlled U.S. House. The plan featuring $1,400 stimulus checks passed early Saturday with no Republican support. Missouri GOP Congresswoman Vicky Hartzler says it’s “serving as an excuse to spend our tax money on unnecessary things completely unrelated to the […]
Hawley announces legislation to require $15 minimum wage for billion-dollar corporations
U.S. Senator Josh Hawley (R-Mo.) announced a plan to require companies with revenues of $1 billion or more to pay their employees $15 per hour. Senator Hawley’s plan would result in an immediate wage increase for millions of workers while avoiding a one-size-fits-all increase that would disadvantage small businesses. Small business employees earning less than […]
Audio: After years of attempts, Missouri House passes private schooling tax credit bill
After years of attempts, the state House has voted to pass a bill that would let donors provide scholarships for students to attend a private Missouri K-12 school. In return, they would get state tax credits. Under the bill, students with special needs and those who qualify for free and reduce price school meals would […]
Audio: What you need to know about saving for the future
Saving money for private school tuition or higher education can be a daunting task. During this “America Saves Week”, State Treasurer Scott Fitzpatrick says to start saving as soon as you can. He suggests opening a 529 Education Savings Account through his office – a tax-advantaged investment account for K-12 and higher education expenses. […]
Audio: Bipartisan support in Missouri legislature involving federal stimulus checks and taxation
There is bipartisan support for legislation ensuring that Missourians cannot be taxed on their federal stimulus checks. Missouri House Budget Committee chairman Cody Smith of Carthage presented his bill Wednesday in Jefferson City, Smith tells lawmakers it’s important to act, noting that under Missouri’s tax code, federal stimulus checks related to COVID are […]
Audio: Missouri’s House votes to ban the use of eminent domain to build the Grain Belt Express power line
The House moved to ban the use of eminent domain for a large wind-energy power line planned to span from Kansas to Indiana. In a voice vote on Tuesday, lawmakers approved legislation that would prevent the use of private land for the Grain Belt Express power line without property owners’ permission. The high-voltage […]