The Missouri Senate has given first-round approval to a phased-in tax overhaul designed to help the Show-Me State compete with neighboring Kansas, which recently slashed its tax rates.
Senate Bill 26 would lower state income taxes for individuals and corporations by three-quarters of a percentage point while raising the state sales tax by half a point. Both would be phased in over a five-year period. State Senator Will Kraus (R, Lee’s Summit) says it would result in a revenue loss of around $450 million a year.
Legislation is moving through the Missouri Senate that would strictly limit where Electronic Benefits Transfer, or EBT cards, can be used in the state.
State Senator Will Kraus (R, Lee’s Summit) is sponsoring Senate Bill 251. He says a new federal law that just took effect will ban EBT card use in casinos, liquor stores and adult entertainment venues.
“We’re taking that federal law (and) putting (it) into state statute," Kraus said. "But we’re also adding a few places that we think these cards shouldn’t be used at: amusement parks, entertainment events, athletic events, (or) to purchase alcohol, tobacco (or) lottery tickets.”
There was little to no debate on the bill Monday and it was easily approved by voice-vote. The sponsor, State Senator Will Kraus (R, Lee's Summit), says the measure has failed in recent years because it was always paired with proposals to ban robo-calls.