income tax

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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MO Statehouse
8:39 pm
Mon April 18, 2011

Mo. Senator proposes flat tax

State Senator Luann Ridgeway (R, Smithville) wants Missouri to dump its state income tax in favor of a consumption tax.
Marshall Griffin, St. Louis Public Radio

With less than a month to go in this year’s legislative session, another proposal is being made to overhaul Missouri’s tax structure.

The resolution would replace the state’s income tax with a sales tax -- and if passed by lawmakers, it would go before Missouri voters next year.

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Illinois Minimum Wage
12:23 pm
Fri February 11, 2011

Ill. senator proposes minimum wage of $10 an hour

An Illinois lawmaker is pushing to raise the state's minimum wage to more than $10 an hour - higher than anywhere else in the United States.

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Missouri Tax Proposals
4:56 pm
Thu February 10, 2011

Mo. Gov. Nixon criticizes sales tax proposal

Mo. Gov. Jay Nixon during his 2011 State of the State address. Nixon said today that proposals to replace the state's income tax with an expanded sales tax is the wrong way to go. (UPI/Bill Greenblatt)

Missouri Gov. Jay Nixon says proposals to replace the state's income tax with an expanded sales tax is the wrong way to go.

Nixon spoke Wednesday to members of The Associated Press and the Missouri Press Association at their annual Capitol media event.

Nixon says the tax proposals would require raising the sales tax and levying it on purchases that currently are not subject to that tax. He says that is not smart.

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