The leader of the Democratic caucus in the Missouri House of Representatives said concerns over the budget should be the ...

Missouri lawmakers will prioritize cuts to income and property taxes when the annual legislative session begins Wednesday in ...

As property owners contend with rapidly rising assessments and higher tax bills, state lawmakers say they want to change the ...

Through proposed constitutional amendments on issues like property taxes and initiative petitions, lawmakers outline their ...

The Missouri Constitution, via the Hancock Amendment, caps both the amount of revenue the state can generate in a given ...

The capital gains tax cut passed this year by Missouri lawmakers will cost far more than expected and shrink state revenues, a new state budget estimate shows.

Starting in the 2025 tax year, Missouri will allow individuals to deduct 100% of capital gains reported on their federal tax return from their state taxable income, effectively eliminating the capital ...

This year, Missouri became the first state in the country to tax income, but not capital gains. That could present a challenge as the state prepares to face a budget shortfall. Missouri is the first ...

The Missouri legislature on Wednesday passed a wide-reaching tax bill that includes ending the capital gains tax. The House passed the legislation 102-41. Since it had previously been approved by the ...

In tiny Hamilton, Missouri, business owners must pay property tax bills as much as five times more than in 2024 after their ...

Joanne Ellington believed Missouri lawmakers when they said seniors would no longer see property tax increases, so it shocked her when she saw this year’s bill from Clay County: ...

Illinois lawmakers’ recent attempt to tax unrealized capital gains ultimately came up short. However, at the end of October, the Illinois Legislature sent another tax hike to Governor J.B. Pritzker’s ...