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Missouri House approves tax breaks to auto parts manufacturers

The Mo. House gave first-round approval to bill granting tax breaks to auto manufacturers.
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The Mo. House gave first-round approval to bill granting tax breaks to auto manufacturers.

The Missouri House has given first-round approval to legislation that would expand tax breaks for auto parts manufacturers.  Ford and General Motors already have access to the incentives.  GOP House Member Chuck Gatschenberger, the bill’s sponsor, says it would expand the benefit to smaller auto parts builders:

“What it does is let the company retain the money that they would have for paying for the taxes for the people in their company…it depends on if they paid a county-average wage or above a county-average wage, they would get to retain (a) certain amount of monies in their company,” Gatschenberger said.

Auto parts builders would have to create either five new jobs, or create 2 new jobs and invest 100-thousand dollars on new buildings, equipment or other improvements.  The bill needs one more House vote before moving to the Missouri Senate.

Missouri Public Radio State House Reporter Marshall Griffin is a proud alumnus of the University of Mississippi (a.k.a., Ole Miss), and has been in radio for over 20 years, starting out as a deejay. His big break in news came when the first President Bush ordered the invasion of Panama in 1989. Marshall was working the graveyard shift at a rock station, and began ripping news bulletins off the old AP teletype and reading updates between songs. From there on, his radio career turned toward news reporting and anchoring. In 1999, he became the capital bureau chief for Florida's Radio Networks, and in 2003 he became News Director at WFSU-FM/Florida Public Radio. During his time in Tallahassee he covered seven legislative sessions, Governor Jeb Bush's administration, four hurricanes, the Terri Schiavo saga, and the 2000 presidential recount. Before coming to Missouri, he enjoyed a brief stint in the Blue Ridge Mountains, reporting and anchoring for WWNC-AM in Asheville, North Carolina. Marshall lives in Jefferson City with his wife, Julie, their dogs, Max and Mason, and their cat, Honey.