By Sandra Block From Kiplinger’s Personal Finance While control of Congress received most of the attention during the November midterm elections, voters in more than a dozen states also voted on a smorgasbord of ballot initiatives that could affect your state tax bill. As was the case with many congressional elections, the results were all…
Missouri Lawmaker Introduces Bill to Exempt Stimulus Checks From State Tax
A Republican lawmaker in Missouri has introduced state-level legislation to exempt federal stimulus checks—or economic impact payments—from state income tax. Cody Smith, who chairs the Missouri House Budget Committee, sponsored the bill (pdf), which excludes economic impact payments from a Missouri taxpayer’s adjusted gross income, effectively exempting them from state taxes. Smith’s bill is similar…
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