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The bill sponsored by Missouri Rep. Travis Smith, R-Dora, would cut the 4% corporate tax rate down to 3% next year, and make another one percentage point cut each year until the tax is eliminated in 2028. It passed the Missouri House on a party-line vote.
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KCPS said it landed a guarantee that it would not lose property tax funding if voters pass the stadium sales tax extension on April 2. But libraries and mental health services also stand to lose tax revenue, and say they haven’t been approached by the Royals.
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The current Secretary of State and Republican gubernatorial hopeful enlisted the help of economists who crafted the 2012 Kansas tax plan, which crashed revenues and was repealed several years later, to prepare a proposal for Missouri tax revisions.
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On April 2, Jackson County residents will be asked to extend a sales tax that would commit upwards of $1 billion to a new Royals stadium in downtown Kansas City. Even though businesses in the Crossroads and other community groups are still negotiating with the team, Royals owner John Sherman says the downtown ballpark will be good for the city.
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The Royals are asking Jackson County voters to sign off on a $1 billion sales tax to pay for a new stadium in the Crossroads. But even then, they’ll need another $700 million to make it happen. That’s where the team expects Kansas City and Missouri taxpayers to come in.
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With a budget surplus and a looming election, Republicans and Democrats in the Kansas Legislature have said it's necessary to pass tax relief this session. Journalists who cover the Kansas Statehouse have insights into how that might happen.
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People who want to see the vote to extend a Jackson County sales tax to fund a downtown stadium fail formed a campaign committee with the state. They say there is grassroots opposition, especially in eastern Jackson County.
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The set of tax credits, which Gov. Mike Parson mentioned during his State of the State address, gained broad bipartisan support. But the legislation is likely to be opposed by members of the far-right Missouri Freedom Caucus.
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Excitement around Taylor Swift’s connection to the Chiefs is adding to what is already the biggest sports betting day of the year. But the state of Kansas, where sports gambling is legal, might end up with little tax revenue.
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The Salem Republican was behind bipartisan legislation that boosts the Child Tax Credit and provides business tax incentives. While Rep. Emanuel Cleaver voted to pass the measure, other Democrats like Rep. Cori Bush contend it was too slanted toward corporations.
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Indigenous grassland once dominated much of Kansas. A new program, backed by corporate beef buyers, is teaming up with ranchers to preserve what's left of the rare ecosystem. Plus: A Missouri representative is working on bipartisan legislation to expand the Child Tax Credit as well as business tax breaks.
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The credit is designed to encourage small businesses to offset costs for their employees and get money shaved off their state tax bill as a reward, but advocates say the Kansas hasn’t done a great job spreading the word.