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The new program is now accepting both applications and donations.
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Parson’s announcement comes after he vetoed a bill Friday authorizing a one-time, nonrefundable tax credit. On Thursday, he vetoed the $500 million allocated for the credit, foreshadowing a rejection of the credit itself.
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The bill, passed by lawmakers during the recently completed 2022 legislative session, would provide a one-time, nonrefundable tax credit for those who paid income tax this year. However, Gov. Mike Parson has expressed concerns over the bill.
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The budget includes raising the minimum pay for teachers, fully funding the state’s Medicaid program, including its expansion population, and income tax credits, as well as close to $3 billion in federal funding for projects across the state.
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According to the state’s Department of Revenue, of the roughly 3.2 million Missourians who filed state income taxes, only around 1.4 million of them would receive their full tax credit amount.
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Lawmakers and EV companies, like Rivan Automotive, say the provisions in the new law are the next step in promoting Illinois as "the Silicon Valley of EVs."
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This article first appeared in the St. Louis Beacon, March 12, 2010 - Missouri Gov. Jay Nixon announced Thursday that he was making another $126 million…
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Identical proposals in the Missouri House and Senate would overhaul Missouri’s tax code and slash more than a billion dollars in state revenue.In a…
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The Missouri Senate could soon approve legislation that would give tax credits to people who donate money to fund private school scholarships.Under Senate…
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It wasn't that long ago that Republican leaders in the Missouri House and Senate were deeply divided and nearly at each other's throats over tax…