Tuesday, 12 March 2013 11:26
MO Senate panel votes to end renter tax break
JEFFERSON CITY, Mo. (AP) - A Missouri Senate committee has endorsed legislation to end an income tax break for low-income seniors and disabled residents who rent their homes, despite pleas from the poor not to do so.
Several disabled renters testified Tuesday that the tax break of up to $750 annually allows them to pay medical bills, utilities and clothing. They pleaded with the Senate Appropriations Committee to keep the tax break.
But the committee voted to advance a bill that would do away with the tax credit and redirect the $57 million of savings to programs that serve seniors and the disabled. The plan is backed by Gov. Jay Nixon.
A commission Nixon appointed recommended ending the tax break for renters while continuing it for homeowners. The credit is intended offset property taxes.
Several disabled renters testified Tuesday that the tax break of up to $750 annually allows them to pay medical bills, utilities and clothing. They pleaded with the Senate Appropriations Committee to keep the tax break.
But the committee voted to advance a bill that would do away with the tax credit and redirect the $57 million of savings to programs that serve seniors and the disabled. The plan is backed by Gov. Jay Nixon.
A commission Nixon appointed recommended ending the tax break for renters while continuing it for homeowners. The credit is intended offset property taxes.
Published in
Local News
Latest News
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
Missouri Senator could call new session
JEFFERSON CITY, Mo. (AP) - Missouri's legislative session is over, but the work may continue for some lawmakers. Senate President Pro Tem Tom Dempsey says he is considering appoin...
Crews search for man who fell into Mississippi River
The search continues for a man in the Mississippi River. Police say two men were in a car that was parked near the Merchants Bridge in north St. Louis when it started to roll. The...
Huge tornado rips across Moore, OK
MOORE, Okla. (AP) - Neighborhoods are flattened and buildings are on fire after a mile-wide tornado moved through the Oklahoma City area. Television footage on Monday afternoon s...
Violence, crime prevention program expands to St. Louis…
St. Louis ciyy and county police are launching a new program that targets violence in high-crime areas. The "St. Louis Initiative to Reduce Violence" or "SIRV" was announced this ...
Scientists say New Madrid could be due for large earthq…
It has been over two hundred years since the powerful New Madrid earthquakes. Scientists now say that lull could end in the not-too-distant future. They expect a the fault to unle...
MO legislative session over, but work may continue
JEFFERSON CITY, Mo. (AP) - Missouri's legislative session is over, but the work may continue for some lawmakers. Senate President Pro Tem Tom Dempsey says he is considering appoin...
Gov. Quinn says lawmakers have chance to "make history"
Springfield, IL - AP - Gov. Pat Quinn says Illinois has a chance to make history before the end of the legislative session this month on the issues of pension reform and same-sex m...
Macy's in downtown St. Louis set to close this summer
94 employees at the downtown Macy's are starting the job search. The retailer announced they plan to close their downtown store this summer. Macy's officials say that eligible wor...
