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Tax Cut Passed by State Senate

March 3, 1998
By: Tristin Yeager
State Capital Bureau

The first major tax cut of the session is overwhelmingly passed by the state Senate. Tristin Yeager reports from the state capitol.

The tax cut bill would lower the age and increase the income range requirements of the property tax circuit breaker law.

Property owners sixty years of age and older whose income is less than twenty thousand dollars would be eligible for up to seven hundred fifty dollars in tax credits.

Bill sponsor, democratic Senator Sidney Johnson:

Actuality: johnsn1.wav
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OutCue: "...who are on fixed incomes."
Contents:

The Senate passed the bill with a vote of thirty-two to zero, although some republicans argue the tax cut is not enough.


he state Senate passes a bill that would put some Missouri property owners in line for twenty-two million dollars in tax credits. Tristin Yeager reports from the state capitol.

The bill would give property owners sixty years and older with incomes at twenty thousand dollars or below up to seven hundred fifty dollars in tax credits.

Bill sponsor, democratic Senator Sidney Johnson:

Actuality: johnsn2.wav
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OutCue: "...try and give some back."
Contents:

The bill is one step in meeting the tax cut initiative set forth by Governor Carnahan in his State of the State address.