Missouri economic development officials on Monday told a House panel that building a new football stadium in St. Louis could bring nearly $300 million in net sales tax revenues to the state over the next 30 years.
Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
New U.S. census data shows that Missouri is one of just two states where median incomes fell in 2012 from the previous year, and an anti-poverty activists say Illinois’ near 15 percent poverty is worrisome.
Ladue lawmaker also seeks to end income tax for the poor.
The Coalition for Missouri’s Future includes the Missouri AARP, the Missouri School Boards’ Association, teachers unions and several area chambers of commerce.
St. Louis, KC face crucial April vote on taxes.
Woman admits cheating on taxes, helping family members do the same.
Mo. Governor Jay Nixon criticizes sales tax proposal.