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MISSOURI HOUSE REJECTS FARMLAND TAX HIKE PROPOSAL
Jan. 28, 2010
BrownfieldAgNews reports:
Missouri farmers won't have to absorb a tax hike, or benefit from a tax cut, under a resolution that passed the Missouri House Wednesday that now moves on to the Senate.
The House voted 140 to 15 to reject the proposal by the State Tax Commission to raise taxes on cropland in Missouri by 30 percent and cut taxes on pasture ground by 24 percent.
Representative Brian Munzlinger of Williamstown, who sponsored the measure, says even though tax rates would have fallen for some livestock producers, the overall effect of the Tax Commission action would have been to raise taxes on farmers by 11 percent, "Everyone knows how bad the economy's been and ag is no exception. This is not the time to be raising taxes on anyone and I urge your support for this resolution."
The legislature must act within 60 days or the Tax Commission's recommendation goes into effect automatically.
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