Missourians are one step closer to seeing more money in their paychecks starting next year after a bill lawmakers passed this week. An income tax cut is now in the hands of the governor, who says he will sign it. The legislation would lower Missouri’s income tax rate to 4.95% beginning in 2023. The current rate is 5.3% Then, future reductions would only happen if certain revenue growth is met.
The General Assembly will be back next week to finish their work on the agriculture tax credits. It’s a bill aimed to helping farmers and rural economic projects. Both chambers have passed its own version of the bill. This comes after the governor vetoed nearly the same legislation over the summer because the credits lasted only two years instead of six. The bill includes incentives for meat processing facilities, transportation of agriculture goods and an exemption for certain vehicles from state and local sales and use taxes. It also would create tax credit programs for retailers of higher ethanol blend fuels and biodiesel, in-state biodiesel producers, establishing or improving urban farm operations and creating the Specialty Agricultural Crops Act.
Eight more fraternity brothers have been indicted for a hazing case at Mizzou that left a 19-year-old man in a wheelchair, blind and unable to speak. A grand jury in Boone County has indicted a total of 10 members of the Phi Gamma Delta fraternity after an incident last October that happened at a “Pledge Dad Reveal” inside the fraternity house. Danny Santulli was rushing the fraternity last fall as a freshman. According to the family’s lawsuit and the indictment documents, he was handed the “‘family bottle’ of Tito’s Vodka which Danny was expected to consumer in its entirety before the event was over.” Danny now lives at home in Minnesota with his family and is unable to care for himself.