Reports

The provision included in the Governor’s budget proposal to eliminate the circuit breaker property tax credit for renters would make it more difficult for more than 104,000 low income Missouri seniors and people living with disabilities to stay in their homes by increasing Read More

As more and more shopping has moved online, tax laws have put "bricks and mortar" retailers at a competitive disadvantage. Fortunately, MO lawmakers have the opportunity to enact the Marketplace Fairness Act and take steps towards leveling the playing field for Read More

While some policymakers advocate cutting Missouri’s corporate income tax as a way to revitalize the state’s still struggling economy, such a move would have little-to-no impact on business expansion or hiring, and is likely to backfire by reducing resources for Read More

Although the state is bringing in more money lately for schools, roads, and other services, it remains far from recovering lost ground. It will take 15 more years to return to the level of purchasing power the state had before the recession. To learn more about the status of Read More

Missouri general revenue collections for fiscal year 2013 grew by 2.8 percent in August. However, corporate income and individual income tax have had slight declines compared to the previous year. Missouri revenue remains well below the level achieved prior to the recession. Read Read More

State lawmakers will be returning to the Capitol for their annual “veto session” next week. Among the important issues they will consider is the Governor’s veto of House Bill 1329. The measure clarified existing sales tax law as it applies to vehicle sales. If Read More

Missouri net general revenue collections grew 3.2 percent for FY 2012. However, the state continues to face budget challenges, as total GR collections remain lower than those collected in FY 2008, and the growth rate is lower than in FY 2011.  To learn more about the Read More

The state has ended the fiscal year with 3.2 percent net growth and collections outpacing projections, but falling short of the growth rate seen in FY 2011.  However, the net general revenue total remains far below collections attained in FY 2008. To learn more about year Read More