tax cut plan
The new projection from legislative researchers is to be considered Monday by a Senate fiscal review committee. If the panel signs off, the full Senate then could vote to pass the legislation on to the House.
The income tax cut plan could eventually waive a little less than $500 million of revenues annually, an amount about half the size as originally proposed with a later effective date.
A new plan to cut Missouri income taxes is drawing opposition from both Republicans and Democrats in the state Senate.