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Missouri House panel backs end to newspaper tax breaks

Wednesday, March 21, 2012 | 11:02 a.m. CDT

JEFFERSON CITY — Newspaper publishers in Missouri could have to pay more to buy paper, ink and other supplies under a measure that has been endorsed by a House panel.

In a 7-5 vote Wednesday, the House Tax Reform Committee backed a proposal to eliminate sales tax exemptions on newspaper equipment in order to help fund state aid to the blind.

The full House is currently debating a budget that would eliminate a $30 million program that provides medical care to about 2,800 blind people and instead set aside $6 million for a slimmed-down aid program.

An estimate included with the proposal says it could generate up to $4.2 million of additional money for aid for people who are blind.

The measure now goes to the full House.


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Comments

Michael Williams March 21, 2012 | 3:41 p.m.

What tha............??????

You mean to tell me that newspapers all over this state that rail on about tax breaks for oil and other companies have been.....getting a tax break for paper and ink?

Do our local newspapers get this break? As a UMC newspaper, does the Missourian pay taxes on stuff it purchases for operations? Or, are they exempt?

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