More than a hundred and thirty million dollars in tax refunds could be on their way to Missourians, under a lawsuit filed against the state of Missouri today in Cole County. Lee McGuire has the story from Jeff City.
Associatied Industries of Missouri has joined with two state lawmakers in filing that suit--it says the state has been miscalculating its Hancock tax refund numbers since 1981.
That would mean that the state's budget lid has been wrong for nearly twenty years--and could force the state to issue new refund checks for every taxpayer.
State republican representative Gary Marble joined the lawsuit:
State budget director Mark Ward says the lawsuit stands on flimsy legal ground. In Jefferson City, Lee McGuire, KMOX News.
A quarter of a billion dollars may be on its way back to Missouri taxpayers, if a lawsuit filed today/Wednesday by Associated Industries of Missouri and two state lawmakers succeeds. Lee McGuire has the story from Jeff City.
At issue is a simple variable in a complex equation--one that's used to calculate how much money the state can keep, and how much goes back to taxpayers.
But the new lawsuit says the state should reset that variable, and recalculate every tax refund the state's issued since 1981.
State republican representative Gary Marble joined Franc Flotron and Associated Industries in the lawsuit, and says the state's numbers have always been way off:
But the state says nothing's wrong with the refund equation, and there's no reason to go back in time and issue refund checks based on new numbers. In Jefferson City, Lee McGuire, KMOX News.
A lawsuit filed in Cole County Circuit Court today is asking the state to return a quarter of a billion dollars to Missouri taxpayers. Lee McGuire has the story from Jeff City.
Republican Senator Frank Flotron and Representative Gary Marble joined Associated Industries in what they say could become a class-action lawsuit.
At issue are the numbers the state uses to figure out how much money the state can keep every year, and how much should go back to taxpayers.
Marble says the suit could mean a windfall for Missourians:
But state budget director Mark Ward says there's no reason to recalculate old budgets in the name of issuing new refunds. In Jefferson City, Lee McGuire, KMOX News.