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Democratic Gov. Laura Kelly said she will sign the bipartisan compromise to cut Kansas income and property taxes, as well as eliminate taxes on Social Security benefits.
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Under a bill being considered during the Kansas special legislative session, the Chiefs and Royals could receive more than $750 million to help finance stadium projects if they move to Kansas.
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Kansas lawmakers will soon return for a special session to try to reach a tax-cutting agreement with Gov. Laura Kelly. Plus: Solar power is the fastest growing source of electricity in the U.S., but some new solar installations are taking land once used to grow food. Researchers are looking for ways to do both.
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Independent analysis from the Missouri Budget Project found that, by the time the state's new tax plan is fully in place, the middle 20% of earners would save just $131 a yea on average, while the top 1% would be saving over $9,500.
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The governor called lawmakers back into a special session to pass legislation that cuts Missouri's income tax from 5.4% to 4.95%. It would bring the rate down even more if certain general revenue targets are met.
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During a special session, lawmakers also passed legislation last week that cuts Missouri’s income tax. Both bills now head to Gov. Mike Parson’s desk, where he is expected to sign them.
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The legislation decreases the top rate to just under 5% and sets the stage for further reductions. The cut was one of the goals of the special session Parson called.
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The session, called by Missouri Gov. Mike Parson, is supposed to center around a permanent income tax cut as well as tax credits for agriculture. However, some lawmakers are filing unrelated bills in hopes of passing them this time around.
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Gov. Mike Parson wanted a starting date of Sept. 6 for a special session on an income tax cut and agriculture tax credits. However, Republican leadership in a joint statement said they intend to use this week for further negotiations.
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Parson’s proposal would lower the state’s top income tax rate from 5.3% to 4.8% and eliminate the bottom income tax bracket. Some Democratic lawmakers and advocates have expressed concern an income tax cut is poorly-timed.
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After a standoff with fellow Republicans, Governor Parson finally called for the special session to resolve issues over extending the federal reimbursement allowances.
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Missouri's legislature convenes for a special session, and Baseball Reference adds Negro Leagues statistics to its database.