Tagged: Chuck Purgason

Among the proposals that Missouri's legislature will consider next year is one that would eliminate the state's income tax.

State Senator Chuck Purgason is sponsoring the legislation. The Republican from Caulfield wants to see Missouri rely solely on sales and use taxes.

He says that would lure more businesses to the state and be a more fair way of taxing residents.

The economic development deal struck by lawmakers will cut one of Missouri’s most popular tax credits nearly in half.

The deal between House and Senate leaders would cut the amount of Historic Preservation tax credits issued each year from $140 million down to $80 million.

Ruth Keenoy with the non-profit Landmark Associates of St. Louis, Inc., says the smaller cap would be detrimental to Missouri’s economy.  She wants the incentives to be left as-is.

Early this morning, the Missouri Senate gave first-round approval to a major overhaul of the state's tax credit system.  

The wide-ranging bill would phase out numerous incentive programs while reducing others.  Among those being partially eliminated is a tax break enabling low-income senior citizens to offset either property taxes or monthly rent payments.  It's sponsored by GOP Senator Chuck Purgason of Howell County.