Missouri Senate advances plan to replace income tax with expanded sales tax in late-night vote

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Source: Missouri Independent
Missouri Senate advances plan to replace income tax with expanded sales tax in late-night vote
Photo: Missouri Independent
TL;DR Summary

Missouri’s Senate approved a plan to replace the state personal income tax with an expanded sales tax that would apply to services and previously exempt goods, sending the measure toward a statewide ballot if the House concurs. The late-night 18-11 vote featured Democratic opposition and notable Republican dissent, with critics arguing the framework is vague and could jeopardize state finances, while supporters say it could spur growth and require future offsets in tax rates and local tax cuts.

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