Missouri Senate approves tax credits compromise
Wednesday, May 16, 2012 | 3:23 p.m. CDT
JEFFERSON CITY — The Missouri Senate has voted to authorize new tax credits to attract amateur sporting events to the state.
The measure, approved in a 28-3 vote Wednesday, would also cap the amount of tax credits available to refurbish historical buildings at $75 million. The state currently authorizes $110 million each year on such incentives.
Several senators hailed the legislation as a compromise between those who want to expand or limit the state's tax incentives.
The tax credit deal was tacked onto legislation imposing new requirements on state economic development officials who screen businesses requesting financial incentives. The full measure now goes back to the House, which can accept the Senate's changes or send the bill to negotiations between the two chambers.
Like what you see here? Become a member.
Report corrections or additions here. Leave comments below here.
You must be logged in to participate in the Show Me the Errors contest.
Leave a comment
Speak up and join the conversation! Make sure to follow the guidelines
outlined below and register with our site.
You must be logged in to comment. (Our
full comment policy is here.)
- Don't use obscene, profane or vulgar language.
- Don't use language that makes personal attacks on fellow commenters or
discriminates based on race, religion, gender or ethnicity.
- Use your real first and last name when registering on the website. It will
be published with every comment.
(Read why we ask for that here.)
- Don’t solicit or promote businesses.
We are not able to monitor every comment that comes through. If you see
something objectionable, please click the "Report comment" link.
You must be logged in to comment.