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Colin Jeffery

Colin Jeffery

Missouri House approves tax bracket change

Thursday, 27 February 2014 12:48 Published in Local News
JEFFERSON CITY, Mo. (AP) - The Missouri House has passed legislation that could lower the tax bill for many Missourians by linking the state's tax brackets to inflation.
 
A bill approved on a 146-4 vote would require Missouri's individual income tax brackets to be adjusted annually for inflation starting in 2015.  Legislative staff estimate that would reduce state tax revenues by $26 million when fully in effect.
 
Although state tax rates have changed over time, Missouri's top income tax bracket has been set at $9,000 since 1931. That means all income over that amount currently is taxed at the same 6 percent rate.
 
The tax-bracket legislation now goes to the Senate. It's one of several measures lawmakers are considering this year that would reduce state income taxes.

St. Louis, MO (KTRS) - A new survey labels a St. Louis company as one of the world's most admired companies.

 

Fortune Magazine named Monsanto as the #2 company in its industry. The list is made using feedback from company surveys as well as peer ratings from executives and analysts.

 

This is the second nationwide award for Monsanto this month--last week MIT named them one of the 50 smartest companies. 

Federal judge strikes down Texas' gay marriage ban

Wednesday, 26 February 2014 15:55 Published in National News
AUSTIN, Texas (AP) - A federal judge has struck down Texas' ban on gay marriage, but is leaving it in place pending a ruling by an appeals court later this year.
 
Judge Orlando Garcia issued a preliminary injunction on the ban Wednesday, then suspended his ruling. Two gay couples had challenged the state's constitutional amendment and a longstanding law banning gay marriage.
 
Under federal court rules, a judge may suspend a law if he or she believes the plaintiffs have a strong case and will suffer if the law is enforced.
 
Garcia said his injunction against Texas enforcing its ban will take effect once an appeals court has a chance to rule on the issue.
 
The ruling is the latest in a recent series of victories for gay rights activists.

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