Missouri House Backs Tax Credits for Business Investors

6 years 1 month 2 weeks ago Monday, April 02 2012 Apr 2, 2012 Monday, April 02, 2012 6:23:00 PM CDT April 02, 2012 in News
By: Associated Press

JEFFERSON CITY (AP) - The Missouri House has approved legislation offering tax credits to millionaires who invest in start-up businesses.

The measure would create a 50 percent tax credit for people who invest up to $100,000 in young companies. It would set a statewide maximum of $6 million to be awarded annually in each of the next 10 years.

The bill was approved 137-12 on Monday in the House, where it was backed by Republican and Democratic leaders. But it now goes to the Senate, where its prospects are shaky.

Senators have been at loggerheads over whether to rein in some of Missouri's existing tax credits while creating new incentives for businesses. As a result, proposals for individual new tax incentives have not fared well.

More News

Grid
List
JEFFERSON CITY - A new fire station is in store for east Jefferson City, and the city council will review... More >>
45 minutes ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 5:10:00 PM CDT May 21, 2018 in News
ST. LOUIS – The St. Louis Circuit Attorney's Office announced late Monday that a special prosecutor has been selected in... More >>
55 minutes ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 5:00:00 PM CDT May 21, 2018 in News
COLUMBIA - Checking the phone constantly, surfing Facebook first thing in the morning or right before bed, playing games like... More >>
1 hour ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 3:58:00 PM CDT May 21, 2018 in News
COLUMBIA – The UM Board of Curators voted Monday to increase tuition by up to 2.1 percent for the 2018-2019... More >>
2 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 3:44:00 PM CDT May 21, 2018 in News
COLUMBIA – Students will leave class early on Tuesday as the 2017-2018 Academic Year comes to a close. The... More >>
2 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 3:28:00 PM CDT May 21, 2018 in News
COLUMBIA -Utility workers began surveying land on Clark Lane for a sidewalk project designed to improve community safety. "The... More >>
4 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 1:40:00 PM CDT May 21, 2018 in News
JEFFERSON CITY (AP) — A House investigatory committee has expanded its membership for a special session to determine whether... More >>
5 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 12:00:47 PM CDT May 21, 2018 in News
ROLLA (AP) — A Missouri University of Science and Technology student has been sentenced to seven years in prison... More >>
6 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 11:40:00 AM CDT May 21, 2018 in News
ST. LOUIS (AP) — Ameren Missouri is planning a 400-megawatt wind farm in rural northeast Missouri, creating... More >>
7 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 10:44:00 AM CDT May 21, 2018 in News
POPLAR BLUFF (AP) — Authorities say a man's body was found in southeast Missouri and the case appears to... More >>
9 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 8:48:00 AM CDT May 21, 2018 in News
COLUMBIA – With a new terminal on the way, comes more possible changes to Columbia Regional Airport. A public... More >>
10 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:55:00 AM CDT May 21, 2018 in News
COLUMBIA – The Columbia City Council will address an ordinance Monday on whether to approve of a special August election... More >>
15 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 2:41:00 AM CDT May 21, 2018 in News
MARSHALL - A standoff between Marshall police and an armed man ended without injury. According to a news release,... More >>
20 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 9:53:00 PM CDT May 20, 2018 in News
ROCHEPORT - The city of Rocheport honored two men on Sunday whose legacy has stretched across the state of Missouri.... More >>
22 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 7:09:00 PM CDT May 20, 2018 in News
AUXVASSE - Gov. Eric Greitens spoke at the 16th annual Fire Fighters Memorial Service on Sunday. The service was... More >>
1 day ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 4:05:00 PM CDT May 20, 2018 in News
COLUMBIA - The Missouri State Highway Patrol is taking to social media to spread awareness of National Safe Boating Week... More >>
1 day ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 3:36:00 PM CDT May 20, 2018 in News
FULTON - All 6-year-old Sam Santhuff wanted to do was comfort children in the hospital, even though he was there... More >>
1 day ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 6:47:00 AM CDT May 20, 2018 in News
CAMDEN COUNTY - The Missouri State Highway Patrol has released the identities of the three people killed and the two... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 6:42:00 PM CDT May 19, 2018 in News
Columbia, MO
Broken Clouds 79°
6pm 76°
7pm 75°
8pm 73°
9pm 70°