Legislature Passes Tax Cut Bill, Veto Expected

Jay Nixon addresses the crowd at a 2012 event. | Photo courtesy of Creative Commons
Gov. Jay Nixon vetoed an income tax cut last year and has criticized the tax legislation that the House and Senate passed this year. | Photo courtesy of Creative Commons

The Missouri House passed an income tax cut bill that now goes to the governor, but the vote was short of the number needed to override a veto. The bill would gradually cut the state’s top personal income tax rate to 5.5 percent from 6 percent and create an individual income tax deduction for business income that, once fully phased in, will allow taxpayers to deduct 25 percent of their business income.

The House passed the bill on a vote of 104-48, five votes shy of the two-thirds majority needed for an override. Eight members were absent. Earlier, the Senate passed it on a vote of 23-9, enough for an override.

Gov. Jay Nixon has criticized the bill and vetoed a similar proposal last year. The House floor leader said if Nixon vetoes the bill, they try to override it before the session ends.

Read more from the Springfield News-Leader and the St. Louis Post-Dispatch

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