Thursday, November 29, 2012
The Mayor of Fenton is looking for support to change the existing sales tax sharing method in St. Louis County.
A new move to alter the way sales tax revenues in St. Louis County should be shared (or not) could be headed for debate in Jefferson City as state lawmakers reconvene in January. Here's how it is done, according to the St. Louis County website: A complex set of rules governs the distribution of the one percent local sales tax in St. Louis County. Some cities, designated point-of-sale or "A" cities, retain most of the sales tax revenues collected from businesses within their boundaries. These are cities that had had local sales taxes before the countywide levy was enacted. Other cities, designated pool or "B" cities, share revenues with others in the pool on a per capita basis. Unincorporated St. Louis County is part of the pool. …
Monday, August 1, 2011
Missouri's tax-free holiday allows shoppers to save on clothing, shoes, back-to-school supplies and computers.
Attention Creve Coeur shoppers: If you’re in the market for clothes, shoes, school supplies or computers, the first weekend in August is the time to buy. That’s when Missouri is holding its annual Back-to-School Sales Tax Holiday, saving shoppers 4.225 percent in state sales tax on certain items. It begins at midnight Friday, Aug. 5 and ends at midnight Sunday, Aug. 7. Cities and counties within the state have the choice of whether to take part in the program. St. Louis County, which has a 2.7-percent tax rate, and the City of Creve Coeur, have both opted to waive their taxes during that weekend. Items eligible for the tax exemption include: Some nearby communities, including Ladue, University City, Ballwin, Ellisville, Manchester and Town…
Sunday, May 1, 2011
City resident Mel Klearman worries about retail vacancies and the impact on Creve Coeur's sales tax base
Sunday, May 1, 2011
Sales tax revenues are a large and important source of revenue for Creve Coeur, so, on December 16, 2010, I expressed my concern about the health of Creve Coeur businesses after I counted 28 vacant stores in Creve Coeur (from Mason to Lindbergh along Olive). On Dec 29, (now former) Council Member Bryant requested my concerns be forwarded to the EDC for consideration. Last Thursday (4/28) was a more detailed discussion. Let me make it absolutely clear, I do not disagree with the comments City Administrator Mark Perkins made - in fact I highly respect his opinions and I have the utmost confidence in his professionalism and that of his staff. However, my concerns about the future health of Creve Coeur businesses is heightened by $4/gal gas. …
Saturday, April 23, 2011
Measure would put a constitutional amendment up for a vote
A proposal to phase out income taxes in Missouri in favor of a state sales tax of up to 7 percent is among the bills still in the legislative hopper in Jefferson City as state lawmakers work with less than three weeks left in this year's session. HJR 8, also known as the Missouri Jobs and Prosperity Act, was introduced by State Rep. Andrew Koenig, R-Winchester. It would put to state voters the question of whether to replace individual and corporate income taxes—along with state sales and use taxes—with a sales tax of up to 7 percent, a summary of the committee version of the bill states. The new sales tax rate would take effect in January 2015 at a level of 4 percent and be increased over a four-year period "to make the tax revenue-neutral…