Missouri income tax repeal plan’s first-year cost jumps to $4.2 billion in Senate

The first-year cost of a House-passed proposal to eliminate the Missouri income tax ballooned to $4.2 billion under revisions made in the state Senate that were called “drafting errors” Monday during a committee debate. Despite the potential costs, and misgivings of some Republican members of the Senate Fiscal Oversight Committee, the bill passed Monday afternoon […]