During the 2011 session of the state Legislature, NFIB/Missouri was instrumental in:
- Phasing out the franchise fax. Gov. Jay Nixon has signed a bill into law that will eliminate the state franchise tax. This "temporary" tax, on the books since 1914, amounts to a double whammy on small busineses, because Missouri also has a corporate income tax. The franchise tax will be phased out over 5 years, setting the stage for additional job growth and economic development in the state.
- Extending the moratorium on increasing fees. Two years ago, the Legislature passed the "Big Government Get Off My Back Act," setting a 4-year moratorium on increased state fees for permits or licenses. It also required agencies to do their due diligence in not passing regulations that might be harmful to small businesses. NFIB fought for legislation extending those deadlines and adding tax incentives for small businesses that create jobs.
- Supporting the Small Business Regulatory Fairness Board. The board has had a difficult time getting the kind of support it needs to help small businesses who have had trouble dealing with state regulations. NFIB supported an amendment was added that would allow the board to get the staff support it desperately needs.
- Blocking attempts to raise taxes. In these rough economic times, it is significant to note that Missouri has balanced its budget without raising taxes. While other states are dealing with spiraling deficits, Missouri remains one of the best fiscally run states in the country.