income tax

Politics
3:49 pm
Thu July 11, 2013

Politically Speaking: Sen. Chappelle-Nadal On Education, Guns, And Sinquefield's $1.3 Million Push

Erin Williams, St. Louis Public Radio.

Every week, St. Louis Public Radio’s Chris McDaniel joins the St. Louis Beacon’s Jo Mannies and Jason Rosenbaum to talk about the week’s politics.

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Politically Speaking
4:36 pm
Thu June 13, 2013

Politically Speaking: Sen. Eric Schmitt Joins To Discuss Tax Bill And More

Sen. Schmitt in studio.
Jason Rosenbaum, St. Louis Beacon

Every week, St. Louis Public Radio’s Chris McDaniel joins the St. Louis Beacon’s Jo Mannies and Jason Rosenbaum to talk about the week’s politics.

On this week's episode: Missouri Senator Eric Schmitt (R-Glendale) joins as a guest to have a "free-wheeling and fun conversation" on the income tax bill the governor vetoed. Then we run through some news: the auditor's finding on the Hancock Amendment, as well as the Jefferson-Jackson Dinner.

Next week, Democratic Senator Jamilah Nasheed will join the program.

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Politics
4:44 pm
Wed June 5, 2013

How The Income Tax Cut Issue Extends Beyond Nixon's Veto - And His State

(via Flickr/StockMonkeys.com)

Governor Jay Nixon vetoed legislation Wednesday that would have cut Missouri’s income tax rates for the first time in 90 years.

The Republican-led General Assembly passed the bill in large part pointing to neighboring Kansas which already has slashed its personal and corporate income taxes.

But as St. Louis Public Radio’s Maria Altman reports, the Democratic governor says the cuts would hurt Missouri education and other state services.

A 'Fiscally Irresponsible Experiment'

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Politics
3:18 pm
Thu May 30, 2013

Emails Show Nixon Administration Involvement In Accidental Medicine Tax

Mo. Gov. Jay Nixon on Aug. 26th, 2009.
Marshall Griffin, KWMU

Updated 5:02 p.m. May 31

Newly released emails show that Gov. Jay Nixon's administration and legislative bill drafters each had a role in crafting an apparently inadvertent tax increase on prescription medications.

The prescription tax hike is included in a bill passed by the Legislature that cuts the state's income tax. Nixon has indicated he may veto the bill.

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St. Louis on the Air
3:23 pm
Thu February 21, 2013

Despite Delays, Taxes Still Due April 15: St. Louis Tax Expert Lance Weiss

(via Flickr/Tax Credits)

Last year, Congressional negotiations over the so-called fiscal cliff put year-end tax considerations in flux.

A deal was reached, and though the filing acceptance date was delayed a couple of weeks, the Internal Revenue Service is now accepting most 2012 tax returns.

The IRS did not, however, change the tax due date of April 15, 2013.

Host Don Marsh talked with St. Louis-based tax expert Lance Weiss, CPA, of SFW Partners, LLC.

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Occupy St. Louis
6:53 pm
Tue April 17, 2012

Occupy activists protest corporate tax code

Several hundred protesters demonstrated outside Bank of America's regional headquarters in downtown St. Louis Tuesday.
Joseph Leahy/St. Louis Public Radio

Occupy movement protesters blocked traffic outside Bank of America's regional headquarters Tuesday in downtown St. Louis. The group, including union workers, students, retirees, and clergy, staged a mock-game of dodge ball to protest how, in their view, corporations dodge paying their fair share of taxes.  

Zach Chasnoff, an organizer for the group, says the movement chose the IRS's filing deadline to call attention to an unfair tax system that favors corporations over citizens.

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Mo. income tax
5:59 am
Wed December 28, 2011

Mo. lawmakers to consider eliminating state's income tax

Republican State Sen. Chuck Purgason wants to do away with the state income tax and rely solely on sales and use taxes.
SLPRnews

Among the proposals that Missouri's legislature will consider next year is one that would eliminate the state's income tax.

State Senator Chuck Purgason is sponsoring the legislation. The Republican from Caulfield wants to see Missouri rely solely on sales and use taxes.

He says that would lure more businesses to the state and be a more fair way of taxing residents.

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Illinois / Business
12:03 pm
Wed December 14, 2011

Ill. Dems, GOP race to end corporate tax hikes

The Illinois State Capitol building in Springfield, Ill.
(via Flickr/jglazer75)

Fresh off approving tax breaks for key Illinois businesses, Democrats and Republicans in the Illinois House are racing to end the corporate tax hike imposed this year.

House Republican Leader Tom Cross announced a plan Wednesday to return the corporate rate to 4.8 percent from 7 percent by 2014 - instead of 2025. He and business leaders proposed a step-down plan that in the meantime would lower taxes when the unemployment rate rises.

Tuesday, Democratic Rep. Jerry Costello II of Smithton introduced legislation that would eradicate the corporate hike starting Jan. 1.

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Missouri Tax Revenue
11:24 am
Thu June 2, 2011

Mo. tax revenue 2.7 percent higher than last year

(via Flickr/_J_D_R)

Missouri tax revenue is higher than last year, but a dip in individual income tax collections last month has prompted some concern.

Eleven months through the current budget year, revenue has increased from last year by 2.7 percent to $6.5 billion. However, the state Office of Administration reported Thursday that individual income tax collections were down 1.4 percent from May 2011 to May 2010.

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Illinois
11:46 am
Fri April 29, 2011

Quinn: Approve borrowing or lose local tax revenue

Illinois Gov. Pat Quinn wants to suspend about $1 billion in state income tax payments to cities and counties unless he gets legislative approval to borrow billions of dollars to pay overdue bills.

Quinn floated the plan in draft legislation he showed lawmakers earlier this week. It was first reported by the Chicago Tribune.

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