Missouri Employer Use Tax Reduced 50%

Missouri employers will see some relief next year in the way of a 50 percent cut in the administrative tax on workers' compensation insurance.Announced yesterday, the cut will save the state's employers more than $12 million a year, Gov. Bob Holden said.The reduction is comprised of a cut to 1 percent of premiums in 2004. The surcharge that funds the Second Injury Fund will remain flat at 4 percent. Renee Slusher, director of the division of workers' compensation, said that the cut is due to a larger tax pool from increased insurance premiums as well as job cuts and reorganizations in the sta...