ATTENTION MISSOURI BUSINESSES: AIM/TRIM are looking out for your best interests at the Missouri Capitol. AIM/TRIM were the only general business associations testifying on behalf of, and working to pass, the following key legislative issues:
- HJR 70 – House Budget Chairman Allen Icet – Limits growth in state government to growth in the CPI and population. Excess revenues would be placed in two funds to help even out the ebb and flow of revenues and to provide for fiscal emergencies as well as natural disasters. When a certain percentage of total General Revenue has been placed in these funds, the excess would be used to reduce ALL income tax rates, both corporation income and individual income. This clearly helps all businesses in the state in at least two ways:
- keeping government spending under control avoids tax increases that are usually designed to increase taxes for the non-voting business community; and,
- reduction of the corporation income tax rate helps corporations and reduction of the individual income tax rate helps partnerships, S corporations, and sole proprietors.
- HB 1981 – Rep. Michael Spreng/ Rep. David Pearce – Income tax credit for sales tax paid on motor vehicles assembled and purchased in Missouri. AIM/TRIM was the only general business group to register testimony in favor of this bill at the hearing this week by the House Special Committee on Job Creation and Economic Development.
AIM and TRIM were joined by NFIB as the only general business representatives supporting SB 711 – Senate President Pro Tem Gibbons’ property tax reform bill.
See article, flyer, and video below for more details of this pro-taxpayer legislation. Property tax increases have hit our business members hard and we want to support Senator Gibbons' effort to bring common sense back to the property tax process. AIM and TRIM also stood alone in support of the companion bill in the Missouri House, HB 2079, sponsored by Rep. Rick Stream and House Ways and Means Chairman Rep. Mike Sutherland.
HB 1670 – Rep. Shannon Cooper – our bill to eliminate wasteful and unnecessary certification of pollution control equipment for sales tax exemption purposes has passed the House and now awaits further action in the Missouri Senate. This bill is the product of ongoing meetings the AIM/TRIM Tax Committee has conducted with the Missouri Department of Revenue. Through these meetings, and subsequent meetings with the Department of Natural Resources, we found the certification of this equipment was completely unnecessary. We took action to eliminate the red tape, saving money for employer taxpayers directly and, because we are eliminating an unnecessary duty for government, the bill will save all taxpayers money.
