COLUMBIA, Mo. (KMIZ) Columbia city council members will hear a presentation on Monday proposing a one-percent sales use tax to help generate funds for fire and police services. A presentation scheduled for a pre-council meeting on Monday showed the tax would generate an estimated $38 million in additional revenue for the city. According to the
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Missourians could find themselves with more money in their pockets if proposed federal tax changes make it through the Senate.
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Missouri lawmakers have begun to consider bills to further one of Gov. Mike Kehoe’s biggest priorities — cutting taxes. A committee on Tuesday considered a bill that would implement a flat income tax in Missouri, instead of a graduated tax that takes a higher percentage of higher incomes. Do you support a flat income tax?
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COLUMBIA Mo. (KMIZ) Rep. Bishop Davidson (R-Greene County) presented House Bill 100 to a special committee on tax reform Tuesday in hopes of implementing a flat 4% income tax rate in the state and getting one step closer in fully eliminating income tax. If HB 100 gets implemented, starting in 2027, the 4% flat tax
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COLUMBIA, Mo. (KMIZ) As the IRS is expecting to receive more than 140 million individual tax returns this season, the Better Business Bureau is telling taxpayers to be aware of potential scammers looking to interfere with filing. The BBB reports that tax scams are the most common form of fraud reported to the bureau with
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COLUMBIA, Mo. (KMIZ) After winning in the November election, Mike Kehoe will serve as Missouri’s 58th governor next year. Kehoe had served as lieutenant governor since 2018, after he was appointed by Gov. Mike Parson in 2018 and won the seat in the 2020 election. Prior to that, he served in the Missouri Senate. Kehoe
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COLUMBIA, Mo. (KMIZ) Income tax changes may be on the table during the 2025 session after six Missouri senators prefiled bills that propose setting a flat tax for the state to ultimately eliminate income tax. Missouri currently has a tax rate of 0.5% for every $1,273 of annual taxable income. This rate caps out at
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COLUMBIA, Mo. (KMIZ) Missouri’s annual back-to-school sale tax holiday is underway, making certain school supplies, computers, and clothing exempt from all state and local sales taxes during a 72-hour window. The sales tax holiday began Friday morning at 12:01 a.m. and will run through midnight Sunday, Aug. 4. A state law that went into effect
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COLUMBIA, Mo. (KMIZ) Applications are open for Boone County’s property tax exemption for seniors. Applications are available on Boone County’s website. Applications can also be picked up in person at the Boone County Collector of Revenue’s Office on the first floor of the Boone County Government Center. A state law allowing a property tax freeze for seniors
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Another April, another election full of use taxes and sales taxes.
Continue ReadingBy FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The government’s new free electronic filing system for income tax returns is getting its first users this filing season. The IRS pilot program is known as Direct File and it’s rolling out in a limited way in 12 states. If it’s successful and scaled up for the
Continue ReadingBy FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS. Tax revenues are expected to rise by as much as $561 billion from
Continue ReadingBy Brendan King Click here for updates on this story HENRICO COUNTY, Virginia (WTVR) — Cara Cardotti recalled growing up and watching her grandfather give back to his community before he passed away. “When my grandfather was still alive, he was connected to another free tax program through the AARP and he loved helping the
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Audrain and Callaway counties are collectively owed nearly $528,000 in property taxes from Nobel Health while bankruptcy proceedings continue.Â
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KANSAS CITY, Mo. (KMIZ) A Sedalia business owner pleaded guilty on Thursday for not paying nearly $136,000 in employment taxes, according to a press release from the Department of Jusice. Floyd H. Kronk III, 48, has owned Transition Construction since 2010 and had between six-to-15 employees, according to the release. He withheld their federal income
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A member of the team who wrote the constitutional amendment that legalized recreational marijuana in Missouri says local governments are not following the law when they double up on sales taxes.
Continue ReadingBy CORA LEWIS and LINLEY SANDERS Associated Press NEW YORK (AP) — A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for
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COLUMBIA, Mo. (KMIZ) Monday marks the beginning of tax season, and there are a few things people should be aware of before trusting someone to help with a tax return. The Missouri Department of Revenue will begin accepting electronically filed state tax returns on Monday, the same day the IRS starts accepting federal tax returns
Continue ReadingBy DALIA RAMIREZ of NerdWallet If you have unpaid or unfiled taxes, the start of a new tax season and the looming reminders of debt might fill you with dread. But it’s best to take care of back taxes sooner rather than later: The longer you put off the task, the more you’ll pay in
Continue ReadingBy JEFF AMY Associated Press ATLANTA (AP) — Some Georgia lawmakers are looking for ways to provide relief from property taxes. The proposals are coming as increases in home values have caused taxes to rise. Georgia’s Senate Finance Committee will consider a bill Monday to limit increases in a home’s assessed value to 3% per
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