Newspaper article St Louis Post-Dispatch (MO)

St. Louis Alderman Wants Dividends, Stock Options Subject to City Earnings Tax

Newspaper article St Louis Post-Dispatch (MO)

St. Louis Alderman Wants Dividends, Stock Options Subject to City Earnings Tax

Article excerpt

ST. LOUIS * A St. Louis alderman is seeking to make dividends and stock options subject to the city's earnings tax.

Alderman Sharon Tyus introduced a bill on Friday seeking to add dividends and stock options as taxable income subject to the city's one-percent earnings tax.

Tyus' bill states that "income received in the form of dividends, and any income received by a person in the form of or related to the grant, vesting or exercise of stock options, performance shares or performance-based stock related incentive plans shall be taxable under this chapter."

The earnings tax, currently placed on wages, is collected from all city residents and non-city residents who work within city limits.

The bill comes as city voters prepare to consider whether to continue the tax. …

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