Corporate headquarters tax bills sent to Missouri governor

3 years 5 months 1 day ago Tuesday, April 21 2015 Apr 21, 2015 Tuesday, April 21, 2015 3:22:16 AM CDT April 21, 2015 in News
By: The Associated Press

JEFFERSON CITY (AP) - Two tax measures that would benefit businesses based in Missouri are heading to Gov. Jay Nixon's desk after passing the Legislature.

The Missouri House on Monday approved changing the way corporate taxes are calculated by a vote of 153-4. It's a move supporters said will ensure companies headquartered in the state don't face double taxation.

Rep. Caleb Jones, of Columbia, said making sure businesses can voluntarily calculate taxes this way would keep businesses currently based in Missouri in the state.

The House also passed 102-53 a bill to extend a tax credit program for new or expanding headquarters of businesses from the current 2020 end date to 2025.

Both measures have already passed the Senate and now go to the governor.

 

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