JEFFERSON CITY — With a 23-8 vote, the Missouri Senate overrides the governor’s veto on Senate Bills 509 & 496, sending the measure over to the House for override consideration.  The legislation, sponsored by Sen. Will Kraus, R-Lee’s Summit, would institute a gradual .5 percent tax cut for individuals and a 25 percent deduction on income for small businesses.  However, these tax cuts, beginning in 2017, would only take effect if Missouri’s general revenue grows more than $150 million over the highest of the three previous fiscal years.

In addition, the legislation would require individual income tax brackets be adjusted each year based on the percentage of increase in inflation.  For individuals with a Missouri adjusted gross income of less than $20,000, the measure would also increase the personal income tax exemption by $500.

To override a governor’s veto, the motion needs to receive a two-thirds vote in both chambers; 23 in the Senate and 109 in the House.  The last time the General Assembly overturned a governor’s veto during a regular session was on May 4, 2011, regarding House Bill 193, which implemented a new congressional district map.  Before that particular motion, it had been since 1980 that the Legislature successfully overrode a governor’s veto.

If the House achieves the necessary votes to override the governor’s veto on Senate Bills 509 & 496, the legislation would take effect Aug. 28, 2014.

To follow this and other measures moving through the Legislature, visit www.senate.mo.gov.