Missouri House And Senate Pass Separate Tax Cut Bills - FOX 14 TV Joplin and Pittsburg News Weather Sports |

Missouri House And Senate Pass Separate Tax Cut Bills


Income taxes might drop in Missouri, but state lawmakers will have to act quickly.
The Missouri Senate and House have each passed different tax cut bills.  They face a Friday deadline to get one of the bills through both chambers.
Missouri senators Tuesday passed a stripped-down tax bill that would cut the individual income tax rate from 5.9 percent to 5.5 percent starting next year.
Under the bill, individual income taxes would eventually drop to 5.1 percent if the state meets revenue targets. It also would reduce a federal income tax deduction.
The House version had also included a 1.25 percent cut to the corporate tax rate, among other changes.
But bill sponsor and House Speaker Pro Tem Elijah Haahr on Tuesday said that chamber likely will support the Senate's pared-down plan.

Powered by Frankly
All content © Copyright 2000 - 2018 KFJX. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.

KFJX - Licensed to Pittsburg, Kansas
FCC Public File
Send tips, ideas and press releases to: tips@fox14tv.com
Send newsroom questions or comments: to comments@fox14tv.com
Phone: (417) 782-1414 or (620) 230-0565
Web comments or questions: webmaster@fox14tv.com
Newsroom Fax: (417) 624-3158