Special Session on Tax Cuts Underway, Senators Propose Other Plans

mo capitol

On Wednesday, a special session called by the governor got underway. On the first day, senators filed a wide range of proposals, including 10 additional plans to cut the state’s income tax. Governor Mike Parson’s proposed legislation would cut the state’s income tax from 5.3% to 4.8%. The plan would cost $700 million. He also wants lawmakers to extend agricultural tax credits. Among the 22 bills filed Wednesday, Republican Rep. Ron Hicks resubmitted his bill that would legalize recreational marijuana in the state, before voters get their say on Amendment 3. Governor Parson has already said he will not expand the special session, making it unlikely for him to sign any of the newly proposed bills.

September 16, 2022 - 9:29am

Latest Posts

Income Tax Cut Approved by General Assembly

The Missouri House Budget Committee on Thursday approved a plan to cut the state’s income tax rate. In a 98-32 vote, the House...Read more

Absentee Voting Underway for General Election

Absentee voting began this week for Missouri’s general election. You can cast your absentee ballot in person or by mail if you...Read more

Category 4 Storm Ian Leaves Widespread Damage in Florida

Hurricane Ian is expected to make landfall in South Carolina on Friday, after causing catastrophic flooding and damage in Florida. Ian made...Read more

Subscribe to Blog
  •  
  • 1 of 351