taxes

Claire McCaskill
4:23 pm
Wed March 23, 2011

McCaskill may owe $320K for plane property taxes

Mo. Sen. Claire McCaskill.
(Rachel Lippmann/St. Louis Public Radio)

U.S. Sen. Claire McCaskill could owe a total of nearly $320,000 in overdue property taxes, interest and penalties on an airplane that has caused her political headaches.

McCaskill sent about $287,000 to St. Louis County earlier this week after acknowledging that property taxes had not been paid on a plane owned by a company in which she and her husband have an interest. But that may not be enough money.

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Claire McCaskill
5:32 pm
Tue March 22, 2011

Republicans call on McCaskill to release tax records for airplane

Mo. Sen. Claire McCaskill in February 2011 as she outlined her quality of care survey for VA hospitals. The Missouri Republican Party has asked McCaskill to release tax records associated with her controversial personal airplane.
(UPI/Bill Greenblatt)

Republicans are attacking Senator Claire McCaskill for failing to own up to her own rhetoric about openness and accountability.

The state Republican Party is calling on McCaskill to release tax records associated with a controversial airplane at the center of a tax and accounting scandal.

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Claire McCaskill
4:50 pm
Mon March 21, 2011

McCaskill admits failure to pay taxes on personal plane

Mo. Sen. Claire McCaskill.
(Rachel Lippmann/St. Louis Public Radio)

Missouri Senator Claire McCaskill admitted today that she has failed to pay up approximately $287,000 in back taxes on a personal airplane.

Problems with McCaskill's plane surfaced several weeks ago amid reports that her office improperly billed the government for travel to a political event.

McCaskill took responsibility for that mistake, but she admits that the perception of dodging taxes could hurt her chances for re-election in 2012.

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Illinois Cigarette Tax
3:05 pm
Wed March 16, 2011

Ill. committee approves cigarette tax increase

(via Flickr/seannaber)

An Illinois Senate committee has voted to raise cigarette taxes by $1 a pack and use the money for construction projects around the state.

Senators split along party lines Wednesday, with nine Democrats supporting the increase and six Republicans opposing it. The measure now goes to the full Senate.

Democrats say the cigarette tax could replace other sources of construction money that are tied up in a legal dispute. They also say it would cut state health costs by discouraging smoking.

Republicans argue the increase would disproportionately fall on the poor.

"Fair Tax"
11:21 am
Wed February 23, 2011

Mo. House panel backs tax proposal on party vote

(Flickr Creative Commons User JD Hancock)

A House committee has voted along partisan lines to advance a proposal eliminating Missouri's income taxes and replacing them with a higher sales tax.

The vote Wednesday by the House Tax Reform Committee marked the first step toward moving the so-called "Fair Tax" proposal to the 2012 statewide ballot. All the Republicans on the committee voted for the measure and all the Democrats opposed it.

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Illinois Supreme Court
4:15 pm
Tue February 1, 2011

Illinois Supreme Court stay halts capital bill ruling enforcement

Reporting from Illinois Public Radio's Amanda Vinicky used in this report.

According to an Illinois Supreme court stay issued today (which you can read below), the state can continue collecting higher taxes on liquor, coffee and grooming products.  But that may be only temporary.

The tax bumps have been in place since 2009.

Lawmakers intended for them, as well as proceeds from the legalization of video poker, to pay for a $31 billion infrastructure plan. 

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illinois
5:08 pm
Wed January 26, 2011

Ill. court throws out liquor taxes, video gambling

Ill. Gov. Pat Quinn, pictured here at his inauguration ceremonies earlier this month. Today, an Illinois appellate court has thrown out legislation that was supposed to fund Quinn's $31 billion state construction plan. (UPI/Bill Greenblatt)

Reporting from Sean Crawford, Illinois Public Radio also used in this report.

An Illinois appellate court has thrown out legalized video gambling and higher taxes on liquor and candy that were supposed to fund a $31 billion state construction plan.

The court ruled the 2009 law violated the state Constitution's prohibition on bills that deal with more than one subject.

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Property Tax Appeal
7:30 am
Fri December 24, 2010

Property tax appeal application deadline looming

Missouri homeowners who bought their properties after June 13th of this year and think the assessed values were too high can file appeals, due to a change in the tax code. (via Flickr/faul)

Missouri homeowners who bought their properties after June 13th of this year and think the assessed values were too high can file appeals, due to a change in the tax code.  But there's a catch.


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Tax Credit Report
5:25 pm
Wed December 15, 2010

Incoming Mo. House Speaker critical of tax credit report

Mo. House Speaker-Elect Steven Tilley (R, Perryville)
Marshall Griffin, St. Louis Public Radio

The incoming Speaker of the Missouri House is again voicing doubts about a report that recommends eliminating nearly half of the state’s tax credit programs.

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from St. Louis on the Air
4:20 pm
Mon December 13, 2010

Uncertainty plagues end-of-year tax planning

Lance Weiss, CPA and Tax Partner with Shaprio, Flom & Company
Aaron Doerr

The Senate voted this afternoon to move ahead with Obama's compromise tax cut package.  A final Senate vote is expected Tuesday. But the bill still faces an uncertain future in the House. 

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