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Missouri Senate proposal would phase out personal property taxes

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A proposal in the Missouri Senate would phase out personal property tax assessments by 2026.

Sponsored by Sen. Bill Eigel, R-Weldon Spring, the legislation was approved by a Senate committee last week.

“I tend to view this as a $1.4 billion stimulus package,” he said, referring to the amount of personal property taxes paid statewide.

Read more from the St. Louis Post-Dispatch.

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