Wrap: The measure headed to the governor could cut Missouri business taxes in half over the next 5 years. Republican Senator Will Kraus is one of the bill's big supporters. He says the tax cut would make Missouri more competitive with Kansas, which passed its own business tax cut last year.
Jackson County Senator, Will Kraus is the sponsor of the bill and a member of the U.S Army Reserve. He says more veteran's would be an asset to the state.
The bill, sponsored by Sen. Will Kraus, R-Lee's Summit, would increase the state sales tax by half of one percent and decrease the income tax for residents and corporations by three-fourths of one percent.
Wrap: Republican Senator Will Kraus's bill would cut the income tax for residents and businesses by three-fourths of a percent and raise the sales tax by one half of a cent over the next five years.
Sponsoring Sen. Will Kraus, R-Lee's Summit, said the bill would waive the residency requirement for military veterans. Kraus currently serves in the U.S. Army Reserves and he was a platoon leader in Iraq in 2003.
Wrap: Kansas City area Senator Will Kraus won approval for a 300 page tax bill that in short, cuts most income taxes and raises the sales tax by a half percent.
Republicans backing the measure say its the biggest tax overhaul in decades. And one that bill sponsor Senator Will Kraus says will help Missouri compete with other state's low taxes.
Republican Kansas City area Senator Will Kraus says the bill is sure to get marked up further, but he's sure the GOP can accomplish this major legislative priority.
"I would have to look at this more closely before making a decision on it, but you always need to be careful about trading today's problems for problems tomorrow," said Sen. Will Kraus, R-Jackson County.
Bill sponsor Sen. Will Kraus, R-Jackson County, said the current definition of misconduct allows fired workers who had clearly done something wrong to still receive benefits, putting more of a burden on businesses.
Sen. Will Kraus, R-Lee's Summit, presented a bill before a Senate committee that would allow the state's circuit court jurisdictions to create special treatment courts for veterans who commit non-violent crimes.
Sens. Eric Schmitt and Will Kraus have each put forth proposals that would cut the state’s corporate income tax rates and also allow business owners to deduct part of their business income from their individual tax returns. Both senators told a Senate tax committee this week that the changes are necessary if Missouri wants to compete with states like Kansas. As of Jan. 1, business income in Kansas is now exempt from the state’s income tax and conservative lawmakers there ..
Wrap: Republican Sens. Eric Schmitt and Will Kraus each want to cut the state's corporate income tax and let business owners to deduct more of their business income from their tax bill.
The bill, sponsored by Sen. Will Kraus, R-Jackson County, would ban the department from keeping copies of personal documents needed to obtain Missouri licenses and would require the department to dispose of its current database.
The legislation, sponsored by Sen. Will Kraus, R-Lee's Summit, was already passed by the Senate. The House amended the bill to direct some of the increased sales tax revenue to fund roads, schools and a new state mental hospital at Fulton. The amended version would raise the state sales tax from its current rate of 4 percent to 4.6 percent.
Bill sponsor Sen. Will Kraus, R-Jackson County, gave examples of instances where an employee received unemployment after repeatedly falling asleep on the job, using profanity in front of school children and chronic absenteeism.
Bill sponsor Sen. Will Kraus, R-Jackson County, gave examples of instances where an employee received unemployment after repeatedly falling asleep on the job, using profanity in front of school children and chronic absenteeism.
The bill, sponsored by Sen. Will Kraus, R-Lee's Summit, would increase the state sales tax by half of one percent and decrease the income tax for residents and corporations by three-fourths of one percent.
"It's going to drive our economy to succeed. We're going to drive more revenue to the bottom line of the budget," said bill sponsor Sen. Will Kraus, R-Lee's Summit.
"It's going to drive our economy to succeed. We're going to drive more revenue to the bottom line of the budget," said bill sponsor Sen. Will Kraus, R-Lee's Summit.
The bill, sponsored by Sen. Will Kraus, R-Lee's Summit, would cut state income tax rates for individuals, small businesses and corporations and raise the state sales tax by 0.5 percent in his bill. The bill would start phasing in the rate changes in 2014 and the final rates would take effect in 2018.
Sen. Will Kraus, R-Lee's Summit, sponsored the measure as a Kansas City area lawmaker looking to keep Missouri on a level economic playing field with Kansas. Under the leadership of a Republican legislature and Gov. Sam Brownback, Kansas cut tax rates for individuals and small businesses in May. Some businesses have fled from Missouri to Kansas in the Kansas City area to take advantage of the lower rates and other tax breaks flaunted from Topeka.
Bill sponsor Sen. Will Kraus, R-Jackson County, said the current definition of misconduct meant fired workers who had clearly done something wrong still got benefits, putting more of a burden on businesses.
Bill sponsor Sen. Will Kraus, R-Jackson County, said the current definition of misconduct meant fired workers who had clearly done something wrong still got benefits, putting more of a burden on businesses.
The Senate Financial and Governmental Organizations and Elections Committee heard from Sen. Will Kraus, R-Jackson County, Monday on his sponsored SB27 and SJR6.
Republican Sens. Eric Schmitt and Will Kraus have each put forth proposals that would reduce the state's corporate income tax over the next five years and would allow business owners to deduct more of their business income from their tax bill.
Republican Sens. Eric Schmitt and Will Kraus have each put forth proposals that would reduce the state's corporate income tax over the next five years and would allow business owners to deduct more of their business income from their tax bill.
38 stories found
Missouri Digital News is produced by Missouri Digital News, Inc. -- a non profit organization of current and former journalists.