Missouri Business Angry Over Withholding Tax Legislation

Missouri business is expressing its displeasure with a bill making its way through the Legislature. The legislation, which cleared the Senate and was sent to the House, would remove a discount given to employers filing withholding taxes on time. Missouri Chamber of Commerce President Dan Mehan says employers are being asked to pay for the state’s budget shortfalls. Mehan says this could cost Missouri employers at least $28-Million in increased taxes. And, he says small employers would be hit the hardest. The current discount also helps offset the cost incurred by employers for collecting delinquent child support and other wage garnishments.