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Illinois Strip Club Tax Not As Profitable As Expected

Wednesday, 16 April 2014 07:35 Published in Local News
SPRINGFIELD, Ill. (AP) - Illinois officials say a strip club tax has generated less than 40 percent of the money that was expected when the surcharge was approved.
 
The Springfield bureau of Lee Enterprises newspapers reports the "pole tax" raised about $380,000 in 2013. That's far less than the $1 million predicted when the measure passed the General Assembly in 2012.
The money is earmarked for rape crisis centers.
 
Strip clubs can pay a $3 tax for every customer or an annual fee ranging from $5,000 to $25,000 based on sales.
 
Polly Poskin is executive director of the Illinois Coalition Against Sexual Assault. She attributes the lower revenue to the fact that the requirement only applies to strip clubs that sell or allow alcohol. Chicago bans alcohol at its strip clubs.
 

Missouri Senate Supports Additional Donor Tax Credits

Wednesday, 16 April 2014 07:20 Published in Local News
JEFFERSON CITY, Mo. (AP) - Missouri could award additional tax credits for donations to pregnancy resource centers, food pantries and maternity homes under legislation endorsed by the Missouri Senate.
 
Under the bill given first-round approval Tuesday, the current annual tax credit cap would increase by $500,000 for all three programs. The pregnancy and maternity center tax credits would be limited to $2.5 million per year and the food pantry program would be capped at $1.75 million annually.
 
The legislation would also expand an existing tax credit program to apply toward donations for programs that provide food for students during non-school hours. That credit would be capped at $500,000 per year.
 
The measure needs one more vote before moving to the House.
 
 

Missouri Tax Cut Proposal Could Hurt Higher Education

Wednesday, 16 April 2014 07:16 Published in Local News
JEFFERSON CITY, Mo. (AP) - Officials from Missouri's public universities are raising concerns about reduced revenues for education as state lawmakers consider an income tax cut.
 
A statement signed by the governing board presidents of nine state universities cites concerns that legislation could limit the money available for education.
 
Although the letter does not specifically mention the proposed income tax cut, the executive director of the Council on Public Higher Education said that is the subject of the concerns.
 
The Republican-led House could vote as soon as Wednesday on whether to give final approval to a bill that would eventually cut more than $600 million of income taxes for individuals and businesses.
 
Democratic Gov. Jay Nixon has said the bill could harm education funding. He vetoed a tax cut last year.

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