taxes

Bill To Revive Benevolent Tax Credits Heard By Mo. House Committee

Marshall Griffin — Tue, 22 Jan 2013 23:11:05 +0000

Legislation that would revive three benevolent tax credits in Missouri is being considered by a State House committee.

Tax breaks for food pantries, pregnancy resource centers and the Children in Crisis program all expired last year when lawmakers failed to pass any type of tax credit reform package. Scott Baker, State Director of the Missouri Food Bank Association, testified today in favor of renewing the incentives. He says according to the USDA, Missouri has the nation’s 7th highest food insecurity rate.

Report: Missouri Has Lost $2.3 Billion In Revenue By Not Collecting Taxes On Internet Sales

Marshall Griffin — Wed, 02 Jan 2013 23:28:07 +0000

It appears that Missouri has lost about $2.3 billion in revenue over the past nine years because it does not collect sales taxes on purchases made over the Internet.

A report issued by the University of Missouri’s Truman School of Public Affairs says that averages out to around $468 million a year. House Minority Floor Leader Jacob Hummel (D, St. Louis) says collecting taxes on Internet sales could help fund several critical needs, including K-12 schools.

“I think if you look at just levels of school funding, when adjusted for inflation, we’re back at levels in the early (19)90’s," Hummel said. "Clearly this is a way to enhance revenue.”

Ongoing Fiscal Cliff Negotiations Impact Year-End Tax Considerations

Alex Heuer, Mary Edwards and Don Marsh — Tue, 18 Dec 2012 23:31:50 +0000

It’s said that one of the certainties in life is taxes. However, taxes for 2012 are to some degree, uncertain because of ongoing negotiations over the so-called fiscal cliff.

Host Don Marsh talked with tax expert Lance Weiss, C.P.A., of SFW Partners, LLC about end-of-year tax preparations and what can be done to minimize the amount owed on federal and state income tax returns due in April.

Mo. Tax Reform Proposal Includes Another Cigarette Tax Hike, Flat Income Tax

Marshall Griffin — Fri, 07 Dec 2012 22:27:10 +0000

Despite being rejected by voters last month, there’s a new proposal to raise Missouri’s cigarette tax.

Pinnacle, St. Louis County Settle On Value Of River City Casino

Rachel Lippmann — Mon, 15 Oct 2012 20:08:02 +0000

St. Louis County and Pinnacle Entertainment have settled a dispute over how much the River City Casino in south St. Louis County has been worth for the past three years.