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Scaled-Back Tax Cut Legislation Sent To Mo. Gov. Nixon

A proposal to cut state income taxes in Missouri for both individuals and businesses is on its way to Governor Jay Nixon (D).

House Bill 253 would reduce the personal income tax rate by half a percentage point and the corporate rate by three points.  Both would be phased in over the next 10 years, instead of five as originally proposed.  State Representative Andrew Koenig (R, Winchester) spoke in favor of the bill shortly before the House passed it Thursday.

"In order for Missouri to remain competitive, we need to reduce our income tax," Koenig said.  "Along our border states, we have Kansas and Oklahoma that are committed to reducing the tax on production -- we have Tennessee that we border with, that has no income tax."

State Representative Jon Carpenter (D, Kansas City) called the bill "a budget-busting tax reform plan" that would cost the state up to $900 million.  The measure originally contained a sales tax hike, but that provision was removed by the Senate before passing that chamber on Wednesday.

Follow Marshall Griffin on Twitter:  @MarshallGReport

Copyright 2021 St. Louis Public Radio. To see more, visit St. Louis Public Radio.

Missouri Public Radio State House Reporter Marshall Griffin is a proud alumnus of the University of Mississippi (a.k.a., Ole Miss), and has been in radio for over 20 years, starting out as a deejay. His big break in news came when the first President Bush ordered the invasion of Panama in 1989. Marshall was working the graveyard shift at a rock station, and began ripping news bulletins off the old AP teletype and reading updates between songs. From there on, his radio career turned toward news reporting and anchoring. In 1999, he became the capital bureau chief for Florida's Radio Networks, and in 2003 he became News Director at WFSU-FM/Florida Public Radio. During his time in Tallahassee he covered seven legislative sessions, Governor Jeb Bush's administration, four hurricanes, the Terri Schiavo saga, and the 2000 presidential recount. Before coming to Missouri, he enjoyed a brief stint in the Blue Ridge Mountains, reporting and anchoring for WWNC-AM in Asheville, North Carolina. Marshall lives in Jefferson City with his wife, Julie, their dogs, Max and Mason, and their cat, Honey.
Marshall Griffin
St. Louis Public Radio State House Reporter Marshall Griffin is a native of Mississippi and proud alumnus of Ole Miss (welcome to the SEC, Mizzou!). He has been in radio for over 20 years, starting out as a deejay. His big break in news came when the first President Bush ordered the invasion of Panama in 1989. Marshall was working the graveyard shift at a rock station, and began ripping news bulletins off an old AP teletype and reading updates between songs. From there on, his radio career turned toward news reporting and anchoring. In 1999, he became the capital bureau chief for Florida's Radio Networks, and in 2003 he became News Director at WFSU-FM/Florida Public Radio. During his time in Tallahassee he covered seven legislative sessions, Governor Jeb Bush's administration, four hurricanes, the Terri Schiavo saga, and the 2000 presidential recount. Before coming to Missouri, he enjoyed a brief stint in the Blue Ridge Mountains, reporting and anchoring for WWNC-AM in Asheville, North Carolina. Marshall lives in Jefferson City with his wife, Julie, their dogs, Max and Liberty Belle, and their cat, Honey.