Nicole Lunger/Missouri Business Alert

Missouri Senate approves pared-down plan to cut taxes



One of several tax cut bills backed by Missouri Republicans passed the Senate on Tuesday night and is headed back to the House for another round of approval.

The bill, sponsored by House Speaker Pro Tem Elijah Haahr, R-Springfield, would cut the state’s individual tax rate and eliminate some deductions.

It has been pared down significantly from Haahr’s original proposal, which would have cut individual and corporate tax rates, allowed the state to start collecting sales tax for online purchases, eliminated a tax cut for LLCs, eliminated multiple deductions and increased licensing fees to help fund the state’s transportation infrastructure needs.

The House could pass the bill in its current form or send it to conference committee to work through differences with the Senate.

Sen. Dave Schatz, R-Sullivan, who leads the Senate Transportation, Infrastructure and Public Safety Committee, expressed concern about funding for transportation infrastructure. He is pushing a bill that would raise the state’s fuel tax from 17 cents to 27 cents per gallon.

Read more: Kansas City Star

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