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The bill would also lower income taxes and remove taxes on Social Security benefits, which both parties say could be helpful to seniors in the state.
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The GOP bill would cut Missouri's corporate income tax rate in half, cut the top rate on personal income taxes, and exempt Social Security payments from taxation. Democrats, however, said another cut — coming on top of a tax cut approved in September that has not been fully implemented — would put the state into a potentially precarious financial position.
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Citing the hefty burden on low-income shoppers and rising cost of food, states like Kansas and Illinois have begun reducing or phasing out grocery sales taxes. But in Missouri, a bipartisan effort to eliminate the state tax has hit a roadblock.
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Kansas City voters are narrowing the field for mayor and city council seats in redrawn council districts. Plus, residents will decide whether to approve taxes on recreational marijuana and Airbnbs.
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Missouri started selling recreational marijuana about a month ago, and experts say the state’s relatively low prices and taxes have already created a “canna-tourism” industry. Plus: One of the best women in college basketball right now is from tiny Green City, Missouri, and she’s determined to push her Central Missouri Jennies deep into the NCAA Division 2 tournament.
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The Kansas Senate has passed several GOP-backed bills that would lower the state’s tax revenue by more than a billion dollars. But Democratic Gov. Laura Kelly has already expressed skepticism.
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The Kansas Senate approved a sweeping proposal that would eliminate tax brackets and create one flat income tax rate of 4.75%. But could the plan actually mean a tax increase for lower income Kansans?
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Kansas City denies tax breaks for apartments on streetcar line after outcry from schools and tenantsChicago-based Mac Properties was seeking tax incentives from the Kansas City Area Transportation Authority for a $100 million apartment and retail project in Midtown with no units designated as "affordable." City Council rejected a similar request last year.
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Business owners across the state are looking to the future after a surprisingly strong start to recreational marijuana sales.
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Want to buy legal weed in Kansas City? You may have to deal with a sales tax from Jackson County tooSales of recreational marijuana already come with a 6% state sales tax. With 3% city taxes on legal weed already before voters in Kansas City and other municipalities, Jackson County's proposal could bring the total up to 12% on each purchase.
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El jueves el Consejo de Kansas City aprobó tres medidas sobre impuestos para la votación de abril. Los funcionarios estiman que los nuevos impuestos generarían millones en ingresos para la ciudad.
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Kansas City residents will head to the polls in April to elect the mayor and city council, but voters will also decide whether to implement new taxes on recreational marijuana and short-term rentals, like Airbnb.