Gov. Jay Nixon has signed legislation to gradually repeal a tax on some Missouri businesses.
The bill reduces Missouri's franchise tax rate over the next several years before repealing it altogether for the 2016 tax year. Nixon signed the measure Tuesday in Kansas City at Boulevard Brewing Co. He said repealing the measure will provide an incentive for companies to move to Missouri.
The state's franchise tax was levied in 1917 and applies to company assets such as buildings and inventory.
Credit (via Flickr/The National Guard/M. Queiser/Missouri National Guard)
A Missouri National Guard member stages vehicles at the Cape Girardeau armory in preparation for possible use in state emergency duty. More than 200 Missouri Guard members were activated in anticipation of possible flooding in the southern portion of Mo.
Former Missouri Republican Party Chairwoman Ann Wagner has taken a step toward a run for Congress.
Wagner said Tuesday that she has set up an exploratory committee for a potential campaign in the 2nd Congressional District in suburban St. Louis. Wagner says her move is based on the likelihood that the 2nd District will be an open seat. The incumbent, Republican U.S. Rep. Todd Akin, has been considering a challenge to Democratic U.S. Sen. Claire McCaskill.
Workers board up windows at the main terminal of Lambert-St. Louis International Airport on Sunday, two days after a devastating tornado severely damaged the terminal and Concourse C, which remains closed.