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Wednesday, 05 June 2013 11:11

Gov. Nixon vetoes income tax cut

JEFFERSON CITY, Mo. (AP) - Gov. Jay Nixon has vetoed legislation that would have reduced Missouri's income tax rates for the first time in more than 90 years.

The legislation vetoed Wednesday had been touted by the Republican-led Legislature as a way to keep Missouri economically competitive with neighbors such as Kansas and Oklahoma that have cut taxes.

But Nixon cited concern about an apparent mistake in the legislation that would have repealed an existing sales tax exemption on prescription medicine. The Democratic governor also has raised concern that the lost income tax revenues could hurt funding for education and mental health services.

The bill would have gradually reduced corporate and individual income tax rates while also creating a new deduction for business income reported on individual income taxes.

Published in Local News

   SPRINGFIELD, Ill. (AP) - Illinois lawmakers have overridden Gov. Pat Quinn's veto of legislation that addresses so-called Smart Grid technology.

   The Illinois House voted Wednesday to again approve the legislation, a day after the Senate approved it for a second time. Quinn vetoed it May 6, saying the proposal weakened oversight and forced automatic rate hikes.

   ComEd and Ameren pushed the bill to clarify legislation allowing the utilities to raise rates to fund the high-tech system. But the Illinois Commerce Commission and both utilities disagreed over implementation. ComEd filed an appeal over technical matters and faces a lawsuit over installation delays.

   ComEd says with the new law the average residential customer will pay 40 cents more a month starting in 2014 and 80 cents more in 2017.

 

Published in Local News
Wednesday, 22 May 2013 03:16

IL Senate overrides `Smart Grid' veto

   SPRINGFIELD, Ill. (AP) - The Illinois Senate has again approved a plan to address so-called Smart Grid technology over the objection of Gov. Pat Quinn.

   Senators voted 44-11 Tuesday to override Quinn's veto earlier this month. Quinn claimed the bill undermined oversight and would force automatic rate hikes.

   Senate President John Cullerton disputed those claims. A three-fifths majority was needed. It now heads to the House.

   ComEd pushed the bill as a way to clarify 2011 legislation allowing utilities to raise rates to fund a high-tech system. But executing it has been tricky.

   The Illinois Commerce Commission and ComEd disagreed over implementation. ComEd filed a court appeal over technical matters and faces a class-action lawsuit over installation delays.

   The proposal clarifies some of those issues and hastens installation.

 
Published in Local News

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 appointing at least three committees to study issues before the 2014 session.

A joint panel of Senate and House members could look into potential changes to the Medicaid health care program for the poor.

Another committee could study potential projects to be included in a bonding proposal that would be put before voters.

Dempsey said an interim committee also could look into changes to the state's regional solid waste management districts.

All of those committees would be continuing work on measures that failed to pass during the legislative session that ended Friday.

Published in Local News

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