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CLOSER TO PUTTING AN INCOME TAX CUT BILL ON THE GOVERNORS DESK. ABC 17S HANNAH FALCON WAS AT THE STATE CAPITOL TODAY LISTENING TO DEBATE ON THE SPECIAL SESSION CALL. FALCON: AN INCOME TAX CUT BILL PASSED OUT OF COMMITTEE TODAY - BUT LAWMAKERS ADDED ONE THING THAT*MAY BE OUTSIDE THE GOVENORS CALL FOR A SPECIAL SESSION. A CORPORATE INCOME TAX CUT. SMITH: TODAY WERE GOING TO HAVE OPEN HEARINGS ON SENATE SUBSTITUTE FOR SENATE COMMITTEE SUBSTITUTE FOR SENATE BILLS 3 AND 5. SENATE BILL 3 PASSED OUT OF COMMITTEE TODAY -- AND IS EXPECTED TO BE DISCUSSED ON THE HOUSE FLOOR TOMORROW. THE BILL WOULD LOWER MISSOURIANS INCOME TAXES -- BUT IT DOES NOT INCLUDE THE CHANGES TO THE STANDARD DEDUCTION THE GOVERNOR PROPOSED. IT DOES, HOWEVER, NOW INCLUDE SEVERAL AMENDMENTS. ONE WOULD REDUCE CORPORATE INCOME TAXES FROM 4 PERCENT OR 2 PERCENT. THIS WAS INTRODUCED BY BUDGET CHAIR CODY SMITH TODAY. SMITH SAID HE HOPES THE AMENDMENT WIL ATTRACT NEW BUSINESSES TO MISSOURI. ANOTHER REDUCES THE PINK
