Missouri Legislature Attempts Tax Credits for Air Cargo

6 years 1 month 2 weeks 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
JEFFERSON CITY - The 600 block of Monroe Street will be closed until Friday. Construction crews are removing a retaining... More >>
23 minutes ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 2:20:00 PM CDT June 18, 2018 in News
BOONE COUNTY - A death, a huge cache of weapons and a suspect whose gun jammed as he was aiming at... More >>
26 minutes ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 2:17:00 PM CDT June 18, 2018 in News
JEFFERSON CITY (AP) — Gov. Mike Parson appointed state Senate Majority Floor Leader Mike Kehoe to be the new lieutenant... More >>
1 hour ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 1:15:00 PM CDT June 18, 2018 in News
BOONVILLE - Renovations may reach new heights on the Jesse Viertel Memorial Airport if the city council approves a proposal... More >>
2 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 12:42:00 PM CDT June 18, 2018 in News
COLUMBIA - City public works crews will be repairing a road buckle on Providence Road between Blue Ridge Road and... More >>
3 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 11:39:00 AM CDT June 18, 2018 in News
BALLWIN (AP) — Another bear sighting has people concerned in part of Missouri, but this time, it's deep into... More >>
4 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 9:45:39 AM CDT June 18, 2018 in News
BOONE COUNTY – The Katy Trail will see more bike traffic than usual this week with the 2018 Katy Trail... More >>
7 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 7:33:00 AM CDT June 18, 2018 in News
COLUMBIA - Columbia is under a heat advisory until Monday evening. The National Weather Service issued the advisory on... More >>
17 hours ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 9:29:00 PM CDT June 17, 2018 in News
FULTON - Forty people with disabilities will learn how to ride a two-wheel bicycle at the iCan Bike camp this... More >>
17 hours ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 9:18:00 PM CDT June 17, 2018 in News
COLUMBIA - Missouri is the first and only state to define "meat" as exclusively animal product. The Missouri General... More >>
21 hours ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 4:55:00 PM CDT June 17, 2018 in News
COLUMBIA - The city will discuss the results of the 2017 Community Survey at Monday's city council meeting. Used... More >>
22 hours ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 4:06:00 PM CDT June 17, 2018 in News
ROCHEPORT - The Sunny Oaks Charity Horse Show brought about 20 riders out Sunday afternoon to compete for ribbons and... More >>
23 hours ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 3:36:00 PM CDT June 17, 2018 in News
SPRINGFIELD - A Hickman High School graduate has surrounded herself with Kewpies. The dolls' trademark round eyes watch happily from... More >>
1 day ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 8:05:00 AM CDT June 17, 2018 in News
COLUMBIA - Hundreds of people impacted by cancer gathered together on a track Saturday in support of cancer fighters and... More >>
1 day ago Saturday, June 16 2018 Jun 16, 2018 Saturday, June 16, 2018 10:11:00 PM CDT June 16, 2018 in News
JEFFERSON CITY - A podiatrist with the Jefferson City Medical Group is the first doctor in Missouri to use a... More >>
1 day ago Saturday, June 16 2018 Jun 16, 2018 Saturday, June 16, 2018 6:42:00 PM CDT June 16, 2018 in News
COLUMBIA - At "Shred Fest," a local skateboarding competition, keeping participants safe was a top concern. An organization provided free... More >>
1 day ago Saturday, June 16 2018 Jun 16, 2018 Saturday, June 16, 2018 6:18:00 PM CDT June 16, 2018 in News
WASHINGTON, D.C. (CNN) - President Donald Trump suggested Saturday that he is using his administration's separation of families at the... More >>
1 day ago Saturday, June 16 2018 Jun 16, 2018 Saturday, June 16, 2018 3:14:00 PM CDT June 16, 2018 in News
KANSAS CITY, Kan. (AP) — A second sheriff's deputy died early Saturday from injuries suffered when an inmate... More >>
2 days ago Saturday, June 16 2018 Jun 16, 2018 Saturday, June 16, 2018 6:45:00 AM CDT June 16, 2018 in News
Columbia, MO
Broken Clouds 93°
3pm 94°
4pm 95°
5pm 93°
6pm 93°