© 2024 University of Missouri - KBIA
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Missouri Legislature Weighing New Tax Breaks as Session Wraps Up

Republicans in the Missouri Senate want to make sure the governor doesn't create a health care exchange without their consent.
KBIA/file photo
/
KBIA
Republicans in the Missouri Senate want to make sure the governor doesn't create a health care exchange without their consent.

Missouri's Republican-led Legislature is weighing a number of tax breaks for businesses as the session wraps up.

Proposed tax breaks range from a package of small business incentives to an exemption for farmers who raise deer to sell their urine.

The small business proposal is close to passage. Businesses with fewer than 50 employees could claim a $10,000 deduction for each new job paid above the county average wage.

Niche industry tax breaks include sales-tax exemptions for instructional classes, which would cover yoga or dance. Farmers who raise captive deer and then sell their urine wouldn't pay sales taxes for the animals under another measure that's still awaiting a hearing.

Some of the measures are estimated to cost the state millions of dollars in lost revenue.  

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.
Related Content