The Tax Foundation, headquartered in Washington, D.C., is a national non-profit, non-partisan research organization that generally favors lower taxation. In October, Sen. Eigel received the organization’s “Outstanding Achievement in State Tax Reform” award for his leadership on reforming Missouri’s individual income and corporate tax codes.
“I am honored and humbled to receive this award,” Sen. Eigel said. “If you look at what other states have managed to achieve, it’s easy to see that smart tax policy can have profound effects for state growth. I believe recent efforts by the Missouri General Assembly to reform our state’s tax code will promote greater prosperity for Missourians by encouraging economic activity and increasing population growth.”
During the 2018 legislative session, Sen. Eigel was the Senate sponsor of House Bill 2540, which lowers income tax rates for most Missourians while phasing out some deductions. The bill, which was signed into law over the summer, is scheduled to take effect on Jan. 1, 2019.
Senator Eigel also supported Senate Bill 884, which lowers Missouri’s corporate income tax and changes the way corporate income is calculated for tax purposes. The bill was also signed into law over the summer, with some provisions going into effect on Jan. 1, 2020.
SOURCE: news provided by SENATE.MO.GOV on November 8, 2018