Missouri Senate passes innovation campus tax credit
Thursday, May 1, 2014 | 7:27 a.m. CDT
JEFFERSON CITY — Missouri lawmakers sent Gov. Jay Nixon legislation to create a new tax credit for donations to innovation campuses.
The campuses are designed to help students complete their degrees sooner and land jobs in high-need fields. Projects involve partnerships between colleges and universities, businesses and, frequently, area school districts to help students earn college credits and get work experience.
Currently, some of the campuses are funded through grants. The measure given final approval Wednesday would allow funding from tax credits equal to 50 percent of a taxpayer's donation.
The Senate passed the measure 32-0 Wednesday and the House gave its approval earlier this year.
The credit would expire in August 2020.
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