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Franchise fee changes in Missouri

By Azavar Executive Leadership on Sep 24, 2021 3:48:04 PM

Recent legislation slashes a key revenue source for local governments

Local leaders across Missouri are scrambling to figure out how big a bite recent legislation will take out of their revenue streams over the next few years.

Gov. Mike Parsons recently signed a package of legislation that outlines how Missouri municipalities can collect online use tax. The state was the last in the country to reconcile the 2018 Supreme Court decision South Dakota v. Wayfair.

Part of the law includes a provision that cuts cable franchise fees in half by 2027. This has some communities panicking, as revenue from cable franchise fees shrivel over the past decade as consumers shift from traditional cable packages to streaming services.

Topics: utility tax franchise fee Missouri cable tax streaming tax
2 min read

Cord-cutting leads to falling cable taxes, states to take action

By Shylo Bisnett on Mar 31, 2021 9:53:10 AM

In just 2020 alone, more than six million Americans nixed cable service in favor of getting content from a streaming platform. Some of the reasons include a desire to save on the cost of a costly cable package, lack of interest in much of what cable offers, and increased content quality from competitors.

Topics: local government utility tax local budgets cable tax