Missouri lawmakers expand business tax credits

Tools

Missouri lawmakers expand business tax credits

By Brad Belote

Story Created: May 16, 2008

Story Updated: May 16, 2008

JEFFERSON CITY, Mo. (AP) - Lawmakers have approved more tax credits for businesses that provide above-average wages and pay for their employees' health insurance.

The bill heading to the governor increases the Quality Jobs
program's cap by $20 million annually to a total of $60 million.

The legislation also overrules a decision by the state treasurer to block ethanol and biodiesel plants from state incentives if even one investor is a lawmaker. The bill lowers the threshold to a 2% stake for disqualification.

Earlier this week, State Treasurer Sarah Steelman called
senators "cowards" for adopting the amendment reversing her
policy late at night and without a roll call vote. Steelman is a
Republican candidate for governor.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Add a comment

Name:

Comment: 500 Characters Left

Comments are moderated and will not appear on this story until after they have been reviewed and deemed appropriate for posting.

KSPR News and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

On Demand

More On Demand