Missouri Legislature Attempts Tax Credits for Air Cargo

5 years 7 months 1 week ago Wednesday, May 02 2012 May 2, 2012 Wednesday, May 02, 2012 2:48:00 PM CDT May 02, 2012 in News
By: Becky May

JEFFERSON CITY - The Missouri Senate looked a bill Wednesday offering tax credits for air cargo. The house approved this bill two weeks ago. This piece of legislation is a modified version of the China Hub bill. The bill gives tax credits for exports from Lambert-St. Louis International Airport, however the warehouse component is removed. Sponsor of the bill, Rep. Mike Leara, R-St. Louis, said he thinks the bill will get movement in the senate, and if it doesn't pass this session he will try again.

"I will file it again in December and it [the bill] will be similar if not the same of what we have right now," said Leara.

There was no vote in the Jobs Committee hearing, but the chairman, Sen. Eric Schmidt, R- St. Louis, said it will be brought up on the senate floor.

"This committee in the past has supported this issue before and I think it will ignite Missouri in being a key player to world trade," said Schmidt.

The tax credits would have a cap of $60 million over eight years.

Opposition of the bill said there are so many tax credit programs currently, it doesn't make sense to issue more. Sen. Chuck Purgason, R-Caulfield, said he thinks after many Republicans like himself finish their term, there will be less effort for a tax credit reform.

"I think it will be a feeding frenzy for tax credits across the state that will put the state at a budget shortfall," said Purgason.

Purgason said he would consider the freight forwarding bill if there is a tax reform package that is tagged along with it.

In the previous special session, the proposed tax credits for air cargo exports were a central part to bring in business to the state.

There are less than three weeks remaining in the legislative session.

More News

Grid
List
ORONOGO (AP) — Homeowners living near a gun range in southwest Missouri are concerned about stray bullets that have been... More >>
1 hour ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 3:32:30 PM CST December 11, 2017 in News
COLUMBIA - When someone goes to the doctor for a checkup, they might expect the regular look at their eyes,... More >>
1 hour ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 3:15:00 PM CST December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri's attorney general is weighing whether to appoint a special investigator to check into use of... More >>
2 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 2:45:00 PM CST December 11, 2017 in News
COLUMBIA - One MU Nursing School program has reduced the number of nursing home patients from hospitalization by nearly 50... More >>
2 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 2:24:00 PM CST December 11, 2017 in News
COLUMBIA- The Missouri Attorney General's office is forming an advisory board to develop the first statewide program in Missouri that... More >>
4 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 12:22:00 PM CST December 11, 2017 in News
COLUMBIA - The city plans to begin repairing base failures in the Thornbrook Subdivision beginning Dec. 11 at 8 a.m.... More >>
5 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:34:00 AM CST December 11, 2017 in News
JEFFERSON CITY - A Missouri state representative has filed more legislation which would redefine "marriage" as a "contract of domestic... More >>
5 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 11:22:00 AM CST December 11, 2017 in News
COLUMBIA – Monday is the final day to donate to Columbia Parks and Recreation’s Almeta Crayton Memorial Toy Drive. ... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:58:00 AM CST December 11, 2017 in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens says he wants his five new appointees to the state veterans... More >>
6 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 10:50:00 AM CST December 11, 2017 in News
COLUMBIA - UPDATE: 1:44 P.M. A police officer confirmed white paint footprints are related to Monday's investigation. The police officer... More >>
9 hours ago Monday, December 11 2017 Dec 11, 2017 Monday, December 11, 2017 7:34:00 AM CST December 11, 2017 in Top Stories
COLUMBIA - Nearly four years ago to the day, local business owner Linda Bonebrake was diagnosed with severe sepsis at... More >>
22 hours ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 6:47:00 PM CST December 10, 2017 in Continuous News
JEFFERSON CITY - Bird lovers got an up close look at birds typically seen in their backyards Sunday. It... More >>
23 hours ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 5:36:00 PM CST December 10, 2017 in News
COLUMBIA - Museums around Columbia hosted docent led tours Sunday, spreading awareness about their exhibits and art collections. Docents are... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:59:00 PM CST December 10, 2017 in Continuous News
COLUMBIA - 2017 will mark the 140th Christmas the historic Maplewood House has seen from its home in south Columbia.... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:54:00 PM CST December 10, 2017 in News
COLUMBIA - MU Police Department, MU Greek Life, local businesses and residents made Operation Steal Back Christmas a huge success.... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 3:31:00 PM CST December 10, 2017 in News
SPRINGFIELD, Mo. (AP) — After more than 20 years of providing resources and activities for home schooling, a southwest Missouri... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 11:38:00 AM CST December 10, 2017 in News
COLUMBIA, Mo. (AP) — Jordan Geist, a role player known most for his scrappy style, scored 28 points Saturday night... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 9:39:00 AM CST December 10, 2017 in News
COLUMBIA- Alyssa Schell joined the University of Missouri Police Department as a dispatcher in February, excited to be living out... More >>
1 day ago Sunday, December 10 2017 Dec 10, 2017 Sunday, December 10, 2017 9:28:00 AM CST December 10, 2017 in News
Columbia, MO
Broken Clouds 50°
5pm 49°
6pm 46°
7pm 45°
8pm 43°

Select a station to view its upcoming schedule:

Coming Up Next

5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
6:00p
KOMU 8 News @ 6
5:00p
American Dad!
5:30p
American Dad!
6:00p
Family Guy

Tonight's Schedule

7:00p
The Voice
9:01p
Better Late Than Never
7:00p
Penn & Teller: Fool Us
8:00p
Valor
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld