Missouri House backs tax breaks for exporters using St. Louis airport
Wednesday, April 18, 2012 | 7:56 a.m. CDT;
updated 9:28 a.m. CDT, Wednesday, April 18, 2012
JEFFERSON CITY — The Missouri House is making another run at creating tax breaks for exports shipped out of Lambert-St. Louis International Airport.
The House gave initial approval Tuesday to legislation authorizing up to $60 million in tax credits over several years for companies that coordinate exports through the airport.
The bill needs another House vote to move to the Senate. However, the prospects of any new tax credits passing the Senate are shaky this year.
During a special session last fall, the proposed tax breaks for air cargo exports were a central part of a massive plan to overhaul Missouri's business incentives. That plan never passed because the House and Senate could not agree on a final version.
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