Updated at 4:45 p.m. with responses from House Speaker Tim Jones (R, Eureka) and Mo. Senator Will Kraus (R, Lee's Summit).
Citing a lack of "fundamental fairness," Gov. Jay Nixon has vetoed legislation that would have reduced Missouri's income tax rates for the first time in more than 90 years.
The bill would have gradually reduced corporate and individual income tax rates while also creating a new deduction for business income reported on individual income taxes.