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Legal counsel reports state tax bills in legislature; income tax bill advanced, property tax bills pending
Summary
Heather Mehta of UBGreensfelder told trustees she was tracking pending Missouri legislation that would eliminate certain taxes; one bill that progressed affects income tax while property tax legislation remains under consideration.
Heather Mehta, legal counsel with UBGreensfelder, presented a brief update on pending legislation in the Missouri General Assembly.
Mehta reported that some bills seeking tax changes are moving through the legislature. "The one bill that made it through impacts income tax. There are property tax legislation bills that are still pending," she said. Mehta provided this as an informational update; no board action or formal position was recorded in the minutes.
Trustees received the report and will continue to monitor legislation as it might affect municipal revenues and pension funding.
