(March 14, 2007) The Senate Ways and Means Committee, chaired by Senator Carl Vogel (R-6, Jefferson City, pictured at left), today approved several bills of interest, including SB 590, the phase-out of the franchise tax proposed by President Pro Tem Michael R. Gibbons (see article below for full details).The bill was amended to add language that would also phase out the bank tax as the franchise tax phases out. The bill will now move to the Senate floor for full debate. Please contact your senators and let them know you support the franchise tax phase-out bill.
In other action, the Committee approved SB 294, (requiring electronic filing of certain taxpayers that meet minimum thresholds in the bill), SB 42 (allowing Missouri retailers to advertise absorption of the sales tax), SB 582 (tax sales), SB 501 (public transit sales tax exemption), HB 453 (food pantry tax credit), SB 554 (transparency in the setting of property tax rates), SJR13 (military personnel property tax exemption), and SB 224 (MOST contributions tax credit). A motion to move forward SB 540, a bill that would authorize a school district sales tax for the Mehlville School District, failed.
