Income tax articles
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Bill phasing out corporate income tax, tax credits in hands of Missouri Senate
(The Center Square) – In the stack of more than 80 bills the Missouri House of Representatives voted to send to the Senate is an effort to phase out the corporate income tax and end tax credits. If the Senate passes House Bill 2274 as it currently is written, the corporate tax rate would decrease from 4% to 3% on Jan. 1, 2025, drop to 2% in 2026, 1% in 2027, and no corporate tax would be imposed in 2028 and thereafter. The bill was first read in the Senate in late March and no...
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How to reduce your taxable income and lower your tax bill
If you want to pay less in taxes, you need to look for ways to reduce the amount of income that is subject to them. Andrew Keshner, MarketWatch's tax reporter, breaks down how to lower your taxable income.
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Missouri lawmakers discuss eliminating corporate income tax
MISSOURI — A plan to eliminate the corporate income tax in Missouri continues to be discussed with lawmakers. It's legislation that didn't get passed in the Senate last year. This year, the House has already passed the bill - with the help of Representative Ben Baker's special committee on tax reform. It's currently sitting in []