Missouri House Rejects Tax Plan

The Missouri House has rejected a proposal that suggests land values of farmers with the best land receive a tax increase and those who have less fertile land receive a tax break.
The tax would be based on number reported by farms known as “productive levels.” Each farm is then placed in one of eight categories. The first is the lowest quality farm and eight is the best, the tax breaks would be based off this.
Many oppose the change because of Missouri’s current fragile economy.
The tax proposition will go into effect January 1, 2011 unless both the Senate and House reject it.
The Senate is expected to make a decision in the next few weeks.
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