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Tax Cut Passed by State Senate

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:

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

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:

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