Here are today’s top business headlines from across Missouri:
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. Read more
State lawmakers have given their approval to a bill that would require the Missouri Department of Revenue to map out all the state’s special taxing districts. The districts, which include ambulance, levee, library, port authority and transportation development districts, push sales tax rates in some parts of the state to above 10 percent, according to Rep. Phil Christofanelli, R-St. Peters, the bill’s sponsor. Read more
A trial that started last week in St. Louis Circuit Court to determine the value of north St. Louis property that the city took possession of through eminent domain continues to put the dealings of developer Paul McKee under scrutiny. According to testimony Tuesday, McKee and his companies never returned $2.5 million in tax credits earned on the $4.9 million sale of a different north St. Louis building in 2012 — even though they deeded the building back to its previous owner just months later. Read more
The Kansas City Star will take over print and packaging operations for the Belleville News-Democrat starting in August, the newspapers’ parent company, McClatchy, announced Monday. Twenty-four full- and part-time employees will lose their jobs with the publication, based in Belleville, Illinois. Read more
When it comes time to cut the grass this year, two St. Louis entrepreneurs want you to forget firing up the mower and, instead, fire up the smartphone. MowMagic, a mobile app and website launched this month, is designed to let users request immediate lawn care service. Think Uber, but for lawn mowing. Read more
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