House Committee Approves Tax Relief Act

The Missouri State Capitol in Jefferson City, photographed Sept. 11, 2013 | Photo by Michael Stacy
The Missouri State Capitol in Jefferson City, photographed Sept. 11, 2013 | Photo by Michael Stacy

The House Ways and Means Committee approved a bill that would tie the state’s income tax rate for business owners to economic growth, dropping the tax rate by 10 percent each year if certain conditions are met, with the ultimate goal of cutting taxes by 50 percent.

The sponsor, Rep. T.J. Berry, R-Kearney, also sponsored last year’s failed tax cut proposal. He has said the revised legislation addresses concerns voiced by Gov. Jay Nixon, who vetoed last year’s bill and led a successful effort to block a legislative override vote last fall. This year, Nixon has decried any renewed efforts to cut income tax rates, calling them a threat to public education in Missouri.

House Bill 1253 now goes to the House Rules Committee where it is also expected to pass, and then it would go before the full House for its first round of debates.

Read more from St. Louis Public Radio


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