tax credits

Mo. House backs new tax incentives for businesses

Associated Press — Thu, 07 Mar 2013 14:00:58 +0000

The Missouri House has endorsed the creation of several new tax breaks intended to lure high-tech businesses and foreign trade to the state.

House members gave initial approval Wednesday to a bill authorizing $60 million of tax credits for international exporters over the next eight years. They also gave initial approval to bills creating tax credits for investors in high-tech startup businesses and authorizing state and local sales tax breaks for computer data centers.

State tax-credit bill makes its way through senate, but comes with a price

Hilary Niles — Fri, 15 Feb 2013 14:24:18 +0000

Sponsored by Eric Schmitt of St. Louis County, the Missouri Export Incentive Act would create some new tax incentives, and put caps on others. The bill creating new tax credits cleared a Senate committee Wednesday.

The bulk of the bill is dedicated to tax credits for technology facilities and data storage centers. Exporters and self-employed Missourians also would benefit.

House and Senate committees to hear bills that revive tax credits for nonprofits

Marshall Griffin — Wed, 23 Jan 2013 14:01:48 +0000

Legislation that would revive three benevolent tax credits in Missouri is being considered by a State House committee.

Tax breaks for food pantries, pregnancy resource centers and the Children in Crisis program all expired last year when lawmakers failed to pass any type of tax credit reform package. Scott Baker, State Director of the Missouri Food Bank Association, testified today in favor of renewing the incentives. He says according to the USDA, Missouri has the nation’s 7th highest food insecurity rate.

Tax credits feature in pre-filed Missouri Senate bills

Marshall Griffin — Tue, 04 Dec 2012 15:33:43 +0000

Monday was the first full day that Missouri lawmakers in both chambers can pre-file bills for next year’s regular session. Much of the legislation Missouri Senate has passed a tax credit measure after hammering out an agreement between GOP leaders and fiscal conservatives who’ve been trying to reign in tax breaks for years.

The agreement would cap historic preservation tax credits at $75 million per year, give a one-year extension to food pantry and other charitable tax breaks, and create incentives to draw amateur sporting events to Missouri. State Senator Eric Schmitt (R, Glendale) urged the chamber to pass it before time runs out on the regular session.

A potential border war between state legislatures

Thu, 16 Feb 2012 15:13:17 +0000

A House committee reviews a bill that gives Kansas an ultimatum.