taxes

Up To Date
9:00 am
Mon July 28, 2014

Examining Tax Proposals In Missouri

Several tax proposals are stirring discussion among Missouri voters.
Credit 401(K) 2012/Flickr-CC

Election season has kicked off, and we’re gearing up to a flurry of primaries throughout the area. Today, we’re taking a look at the ballots in Kansas City, Mo., and the state of Missouri.

On Monday's Up to Date, we discuss the streetcar proposal that’s found its way into the voting booth. Voters will decide whether they want to expand the taxing district east and south, and as a result, expand the proposed streetcar lines.

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Government
7:48 am
Mon May 12, 2014

Kansas City Council Considers August Ballot For Sales Tax Issue

Kansas City, Mo., residents can expect to be asked to renew a sales tax in August. But meeting fire department needs may take more than that.

The quarter-cent sales tax created 14 years ago currently funds less than 14 percent of the fire department's $145 million budget. Personnel costs account for 90 percent of that budget.

City Finance Director Randall Landes says renewing the tax is essential, but even with the renewal the department won't be able to replace aging fire stations and equipment.

 

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Business
6:07 pm
Thu May 8, 2014

Unilever To Make Big Investment In Independence Plant

Unilever is adding 70 jobs and investing $99 million at its Independence food manufacturing plant.

About 190 employees currently work at the plant, which for years has made Wishbone salad dressing. The jobs are above average wage. the kind Independence Economic Development Council President Tom Lesnak says the city tries to attract. But those jobs have been in jeopardy for a couple of months now.

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Up To Date
3:02 pm
Thu May 1, 2014

The Debate Over The Missouri Tax Cut Bill

Gov. Jay Nixon is expected to veto the proposed Missouri income tax cut later today.

On April 23, Up to Date's Steve Kraske spoke with Amy Blouin, Executive Director of the Missouri Budget Project, who opposes the tax cut, and Patrick Ishmael, a policy analyst with the Show-Me Institute who supports the signing of the bill.

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Missouri Statehouse
8:03 am
Tue March 11, 2014

Tax Cut Language Replaced With Tax Credit Language In Senate Bill

Credit Marshall Griffin / St. Louis Public Radio

A proposed tax cut that conformed to conditions laid out by Governor Jay Nixon was radically altered Monday in an effort to move the overall proposal forward.

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Central Standard
4:00 pm
Mon February 17, 2014

How To Prepare For Tax Season And Retirement

Credit courtesy flickr user AgriLife Today / Creative Commons

Tax season is upon us, so it's time to rummage through those shoe boxes of old receipts, dig up W-2 forms and file your 2013 return.

The Cash Money Crew is here to guide you through the process, including changes to be aware of and tips for a smoother tax return season in 2014. Later, we discuss the changing realities of retirement and how to prepare for it.

Guests:

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Government
7:38 am
Wed December 4, 2013

Missouri Lawmakers Move Forward On Tax Breaks For Boeing

Legislation that would provide tax breaks for Boeing to build its 777X passenger jet in Missouri was passed Tuesday night by two legislative committees.

First, the Missouri Senate Committee on Economic Development passed their version of the bill, followed a few hours later by the House Economic Development Committee passing its version.  There are no major differences in the two – both would provide $150 million in incentives to Boeing to build the 777X at its campus near Lambert Airport. 

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Government
8:03 am
Mon December 2, 2013

Missouri Lawmakers Look At Deal To Land Boeing

Missouri Democratic Gov. Jay Nixon has called lawmakers back to Jefferson City for a special session in an attempt to win a contract from Boeing to build the 777X passenger jet.

Missouri's regular session for 2014 begins in just over a month, but in a press release Nixon says holding a special session is necessary because Boeing's deadline for proposals is Dec. 10.

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Up to Date
1:13 pm
Wed October 30, 2013

Are Raising Sales Taxes A Solution For Everything?

Arizonans pay some of the highest sales taxes in the country.
Credit KNAU

Why do governments rely on the sales tax for big projects, like the medical research proposal in Jackson County?

And how fat can the sales tax get before shoppers stop buying? 

In the second half of Tuesday's Up to Date, Steve Kraske talks with two experts about sales taxes, what makes up the total sales tax you see on a receipt, and why governments have turned to sales taxes for raising funds when revenue is down.

Guests:

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Up to Date
5:22 pm
Mon October 28, 2013

Is Translational Medicine Too Taxing For Jackson County?

Jackson County residents will be voting on the translational medicine sales tax.
Credit theocean/Flickr-CC

Jackson County voters head to the polls on November 5 to vote on a 1/2 cent sales tax increase to fund a translational medicine institute. 

In the first part of Tuesday's Up to Date, a proponent and opponent of the tax meet in our studios to debate the controversial proposal, including how county residents will actually benefit from the project.

Guests:

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Government
5:40 pm
Tue October 8, 2013

Overland Park Voters OK Sales Tax Extension

An initial vote count appears to show Overland Park, Kan. voters have approved extending a 1/8 cent sales tax for 10 years, financing street repair and construction.

Unofficial returns on the mail-in ballot show some 33,000 ballots cast with 72 percent approving it.   Nearly $70 million will have been collected when the current tax expires in 2014. 

“We keep this money all segregated to make sure we spend the entire amount  on specifically what we told them we would use it for," says Carl Gerlach, mayor of Overland Park.

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Government
3:39 pm
Wed September 11, 2013

Governor Nixon Wins As Tax Cut Fails In Missouri House

Missouri Governor Jay Nixon prevails in tax cut fight with legislature.
Credit Dan Verbeck / KCUR

Debate over Governor Jay Nixon’s veto of an income tax bill was fierce in the Missouri House and the governor prevailed. 

The Republican majority was unable to muster the votes to make the $700 million tax cut into law.

The measure would have cut business taxes in half. Personal taxes would have been cut disproportionately.

Clay County Democrat Jon Carpenter called it unfair.

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Government
7:29 am
Mon September 9, 2013

Missouri's 2013 Veto Session Begins Wednesday

The showdown between Missouri's Democratic Governor and the Republican-led General Assembly finally arrives this week, as lawmakers return to Jefferson City for their annual veto session.  Governor Jay Nixon struck down 29 bills this year, with most of the post-veto attention falling on two bills in particular, a controversial tax cut proposal and an even more controversial attempt to nullify federal gun control laws. 

Campaign to prevent House Bill 253 override attempt

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Up to Date
11:47 pm
Wed September 4, 2013

Hall Family Foundation $75 Million Pledge: Passion For Cause...Or Bribe?

A 4-story institute for translational medicine building would be built on top of an existing parking structure at Children's Mercy Hospital in Kansas City - if Jackson County voters approve a 1/2 cent sales tax increase in November.
Credit Children's Mercy Hospital

On Wednesday, the Hall Family Foundation announced that it was pledging $75 million to Children's Mercy Hospital for build a translational medicine research building on Children's Mercy's campus on Hospital Hill.

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Government
3:36 pm
Tue August 27, 2013

Transit Alliance Chief Not Actively Opposed To Competing Tax

The Chairman of Kansas City’s Regional Transit Alliance fears  a proposed medical research tax will divert funds and attention from improved rail transportation.   The stand does not extend to  active opposition  to the tax.

Kite Singleton of the Transit Alliance makes it clear he is not campaigning against the half cent medical research tax going on the Jackson County ballot in November.

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Government
4:39 pm
Mon August 26, 2013

Jackson County Voters To Decide Medical Research Tax

Jackson County Executive Mike Sanders promotes half cent sales tax for medical research, moments after he and county legislators put the measure on the November 5 ballot.
Credit Dan Verbeck / KCUR

Jackson County voters will decide a proposed half cent sales tax to benefit development of medical innovations and research at select area hospitals and medical schools. 

The county legislature has voted by a large margin to put the measure on the November 5 ballot.

Some legislators wanted changes if they were going to back the proposal, and they got it.

The alteration, passed by a vote of 7-2, now requires the county legislature appoint a member to a board overseeing finances. 

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Government
3:54 am
Tue August 20, 2013

Legislators Question Jackson County Sales Tax Backers

Jackson County Legislators Bob Spence, Fred Arbanas and James Tindall (right to left) ponder sales tax proposal for innovative translational medical research.
Credit Dan Verbeck / KCUR

A first public hearing before the Jackson County Legislature on a proposed sales tax for medical research drew no outright opposition.  

Legislators do have a hefty array of questions about costs and benefits.


If sent to and approved by Jackson County voters, the half cent sales tax is estimated to generate about $40 million a year for what has been termed "Translational Medical Research."

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Health
3:24 pm
Thu August 8, 2013

Proposed Jackson County Sales Tax Hike Would Boost Medical Research

Dr. John Spertus describes types of research expected from proposed health research institute.
Credit Dan Verbeck / KCUR

Medical, business and educational leaders have spelled out what Jackson County residents would get if a tax issue is put on the November ballot and gains voter approval to enhance health research and medical care.

If the county legislature and voters approve, a half-cent sales tax would raise $40 million a year.

Funds would be divided between Children's Mercy and St. Luke’s Hospitals and UMKC. It’s designed to attract top medical researchers to translate new findings into treatment, diagnosis and prevention of diseases.

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Government
9:55 am
Wed June 12, 2013

Missouri Governor Campaigns Against Vetoed Tax Credit Bill

Missouri Governor Jay Nixon, a Democrat, addresses higher education officials in Jefferson City on June 11th, 2013.
Marshall Griffin St. Louis Public Radio

Governor Jay Nixon has launched a major public effort to support his veto last week of a bill that would have cut Missouri's individual and corporate income taxes.

The Democratic Governor appeared before college and university officials Tuesday morning in Jefferson City, telling them that the GOP-backed proposal is the single greatest threat to public education he's seen in his career.

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Government
8:49 am
Thu June 6, 2013

Advocates Say Children Didn't Fare Well In Kan. Legislative Session

Kansas lawmakers this year spared early childhood programs from the budget axe, but advocates for those programs say children didn't fare well overall in the 2013 legislative session.

The top concern, according to April Holman of the non-profit Kansas Action for Children, is that lawmakers balanced the budget using more than $9 million that should have gone into an endowment for early childhood funding.

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Up to Date
10:31 am
Fri May 24, 2013

Faulty Property Assessments In Jackson County?

John Wornall House
Credit Iknowthegoods

Jackson County officials are acknowledging that new valuations on 18,000 residential properties may not be accurate and need additional review.

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Government
8:42 am
Wed May 15, 2013

Nixon Vetoes Bill That Would Eliminate Tax Break For Elderly Renters

Missouri Governor Jay Nixon
KCUR

Missouri Governor Jay Nixon, a Democrat, has vetoed legislation that would eliminate a tax credit for elderly Missourians who rent their homes.

House and Senate Republicans voted to do away with the so-called "Senior Citizens Circuit Breaker" as a means of shoring up funding for the First Steps program, which aids children with developmental disabilities. 

In his veto letter, Nixon voiced disapproval of using money designated for seniors for other purposes, and stated that the bill contained no tax credit reforms. 

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Government
11:24 am
Wed May 8, 2013

Proposed Tax Cut Scaled Back By Missouri Senate Republicans

The Missouri Capitol at night.
Marshall Griffin St. Louis Public Radio

Republicans in the Missouri Senate have scaled back a proposal to cut state taxes in order to emulate tax cuts in neighboring Kansas and Oklahoma.

Missouri Governor Jay Nixon, a Democrat, has strongly objected to the bill's sales tax hike, saying it would hurt the poor and elderly the most.  That provision has been dropped.  

House Bill 253 would now cut the personal income tax rate by half a percentage point and the corporate rate by three points, and phase them both in over the next 10 years. 

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Government
9:25 am
Thu April 25, 2013

Missouri House Sends Amended Tax Bill Back To Senate

wikimedia commons

The Missouri House has passed a Senate bill that would overhaul the state’s income and sales taxes, but not before making a few changes.

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Up To Date
3:21 pm
Tue April 23, 2013

The Kansas Sales Tax: To Extend Or Not To Extend


Three years ago the Kansas legislature passed a one-cent sales tax with the intention of removing it at a later date.

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Up to Date
6:00 pm
Thu April 18, 2013

Missouri Legislature's Hot-Button Issues

Missouri capital building

Things have been heating up in Jefferson City during this legislative session

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Central Standard
7:42 pm
Mon April 8, 2013

Cash Money Crew: Tax Preparation

Taxes are due in one week and that may have most of your attention, but now is also the perfect opportunity to begin planning your tax preparation and behavior for next year.  Our Cash Money Crew with Alex Petrovic, of Petrovic Financial Services; Sandi Weaver, of Financial Security Advisors and Julie Welch, of Meara, Welch Browne; help you navigate the complicated and ever changing world of tax

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Government
9:35 am
Thu April 4, 2013

Health Club Bill Stalls in Kansas Statehouse Committee

The tax conference committee meets Wednesday.
Stephen Koranda Kansas Public Radio

A bill that would exempt private health clubs and gyms from property taxes Kansas has stalled in a committee. The measure has prompted hundreds of emails to lawmakers about the issue.

The conference committee working on tax issues decided not to take up the health club measure. Supporters of the bill, including health club owners, say they face competition from tax-free organizations like the YMCA and publicly owned health clubs.

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Government
10:02 am
Thu March 28, 2013

Kansas Tax Negotiators Begin Meetings

Representative Richard Carlson (Left, R-St. Marys) and Senator Les Donovan (R-Wichita) speak before the conference committee.
Stephen Koranda Kansas Public Radio

A select group of lawmakers from the Kansas House and Senate started negotiations on tax legislation today. The conference committee will work to find a compromise between bills that passed the two chambers.

The bills have one large difference. The Senate version makes a temporary sales tax permanent to help offset the costs of income tax cuts. The House version allows the sales tax to expire as planned later this year, and introduces additional income tax reductions more slowly.

Senator Les Donovan, a Wichita Republican, says extending the sales tax is critical.

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Government
9:36 am
Thu March 21, 2013

KS House Rejects Democrats' Property Tax Plan

The Kansas House chamber
Stephen Koranda KPR

The Kansas House on Wednesday rejected a proposal by Democrats aimed at reducing the property taxes paid by Kansans.

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