Gov. Mike Kehoe is planning to gradually phase out the state income tax. It’s no surprise because lowering or eliminating the income tax is one of the pillars of Kehoe’s campaign for governor. The ...

The stark acknowledgment has drawn parallels to neighboring Kansas, which experienced a budget disaster roughly a decade ago.

Mike Kehoe is planning to gradually phase out the state income tax. It’s no surprise because lowering or eliminating the income tax is one of the pillars of Kehoe’s campaign for governor. The governor ...

ST. JOSEPH, Mo. (News-Press NOW) -- Missourians could see a wide-ranging tax cut plan passed by the state legislature this year, the latest push toward eliminating the state income tax. Among the ...

This year, Missouri became the first state in the country to tax income, but not capital gains. That could present a challenge as the state prepares to face a budget shortfall. Missouri is the first ...

The Missouri Capitol in Jefferson City (Tessa Weinberg/Missouri Independent). The Missouri Senate approved a proposed tax cut Monday despite questions about whether official estimates truly reflect ...

Starting in the 2025 tax year, Missouri will allow individuals to deduct 100% of capital gains reported on their federal tax return from their state taxable income, effectively eliminating the capital ...

JEFFERSON CITY, Mo. (KFVS) - Lawmakers in Missouri are taking a break as we reach the official halfway point of the legislative session. While some say it’s been a productive year already, others feel ...

Missouri Gov. Mike Kehoe signed into law a bill that eliminates the so-called "tampon tax" on menstrual products and diapers. But the law doesn't prevent local municipalities from imposing their own ...

JEFFERSON CITY, Mo. — Diapers and menstrual hygiene products such as tampons and pads will now be taxed at a lower rate in Missouri stores. The new law, which went into effect last week, eliminates ...

Capital gains are profits made from selling assets like stocks and real estate. Eliminating the tax on those profits will overwhelmingly benefit the state’s millionaires, according to a new report ...