• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / Archives for federal stimulus checks

A top state lawmaker says Missourians have already paid their share for stimulus checks

February 15, 2021 By Brian Hauswirth

Missouri’s House Budget Committee chairman says you shouldn’t be taxed on federal stimulus checks.

House Budget Committee Chairman Cody Smith, R-Carthage, speaks on the Missouri House floor in Jefferson City on January 28, 2021 (file photo courtesy of Tim Bommel at House Communications)

Budget Chairman Cody Smith, R-Carthage, says under Missouri’s tax code, federal stimulus checks related to COVID are subject to personal income tax.

“This legislation would waive that personal income tax not only on the most recent round of stimulus related to COVID-19, but on anything going forward related to this pandemic specifically,” Smith says.

Eligible Americans have been receiving $600 stimulus checks, which are part of the $900 billion stimulus package signed on December 27 by former President Donald Trump.

Chairman Smith says Missourians have already paid their share for the stimulus checks.

“They’ve either already paid these tax dollars or will pay them in the future, and they shouldn’t be taxed again on these stimulus checks especially in a time of need if they can put the money to better use,” says Smith.

Unless state lawmakers take action this session, the federal stimulus checks will cause your state income tax liability to increase. But Smith says he’s “very optimistic” that lawmakers will approve his bill or a similar version.

Click here to read Chairman Smith’s House Bill 991. It’s a seven-page bill.

Click here to listen to Brian Hauswirth’s full interview with Missouri House Budget Committee chairman Cody Smith, R-Carthage, which was recorded on February 13, 2021:

https://cdn.missourinet.com/wp-content/uploads/2021/02/bh-codysmithinterview.mp3

Copyright © 2021 · Missourinet

Filed Under: Health / Medicine, Legislature, News Tagged With: Carthage, COVID pandemic, federal stimulus checks, Former President Donald Trump, House Bill 991, Missouri House Budget Committee Chairman Cody Smith



Tweets by Missourinet

Sports

Mizzou gets opportunity of a lifetime in 2022 Macy’s Thanksgiving Day Parade

Out of … [Read More...]

Marching Mizzou is one of only three universities performing in 2022 Macy’s Thanksgiving Day Parade

The … [Read More...]

Missouri State Football earns share of Missouri Valley title–first since 1990

Missouri … [Read More...]

Arenado: “Just an amazing day, very thankful for it,” after his homer leads Cards to victory

Nolan … [Read More...]

Mizzou basketball adds former K-State guard

Mizzou … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC