Income Tax

Ashcroft is in a competitive Republican primary for governor with Lt. Gov. Mike Kehoe and state Sen. Bill Eigel.

A question about whether abortion protections should be codified will not make it onto this year’s general election ballot.

The Republican gubernatorial hopeful enlisted help of economists who crafted Kansas tax plan that crashed revenues to prepare proposal for Missouri tax revisions.

The more than 11 million Illinoisans who claim the standard exemption each year will not see an inflation-indexed bump for the 2023 tax year.

The legislation received almost unanimous bipartisan support in the House on Monday with a vote of 154-2. Since the House passed the Senate bill with no changes made, the measure now goes to the governor.

The legislation decreases the top rate to just under 5% and sets the stage for further reductions. The cut was one of the goals of the special session Parson called.

Both Senate bills now go to the House. In addition to the special session, the annual veto session ended on Wednesday, with no legislation overridden by lawmakers this year.

The bills the Missouri Senate advanced on Tuesday do contain an income tax cut and a series of agriculture tax credits, but do make significant changes compared to what Gov. Mike Parson initially requested.

The Springfield Republican said that the legislature already passed both tax relief and agriculture tax credit programs this past session before Gov. Mike Parson vetoed them and that passing them the way Parson wants them could be a heavy lift.

Parson made his comments on the session after the Governor’s Ham Breakfast at the Missouri State Fair on Thursday. Politicians and candidates across the state attended the event, including the Democratic and Republican candidates for Missouri’s open U.S. Senate seat.