Senate Advances Two Measures That Will Encourage Economic Development in the Show-Me State

4 years 6 months 2 weeks ago Thursday, January 31 2013 Jan 31, 2013 Thursday, January 31, 2013 2:37:00 PM CST January 31, 2013 in News
By: KOMU Staff

JEFFERSON CITY - Today the Missouri Senate advanced two bills designed to promote job creation and to help encourage charitable donations. Senate Bill 10 and Senate Bill 20 will now be sent to the House for consideration.

Senate Leader Tom Dempsey, R-St. Charles, said after years of working on these bills, they are finally in a place that will allow Missouri to grow its economy and benefit communities across the state.

"Tax credit reform is a legislative priority for us this year," said Dempsey. "These are necessary bills, and a real testament of how this Senate can operate, by improving the state and making government more accountable. These incentives passed today will create jobs and give Missouri an economic advantage."

Senate Bill 10 will make Missouri more competitive when bidding against other states to host amateur sporting events. The measure would authorize the state to issue up to $3 million annually to organizers who bring events like the NCAA basketball tournaments to the Show-Me State.

Sponsor Sen. Eric Schmitt, R-Glendale, said now is the time for Missouri to make its move. Some other states currently offer similar tax incentives, causing Missouri to fall behind in the bidding war when it comes to hosting these events.

"This incentive is critical if our state is going to stay competitive in attracting these kinds of events to Missouri, and we must," said Schmitt. "Amateur sporting events are a huge economic boost to communities across the state. Visitors stay at local hotels, shop at local stores, and eat at local restaurants. That helps those businesses thrive, and it also raises much-needed revenue for our state without increasing taxes on hard-working Missourians."

Senate Bill 20, also given approval today by the Senate, will extend certain benevolent tax credits to people who make donations to pregnancy centers, child crisis nurseries and food pantries.

Sponsor Sen. Bob Dixon, R-Springfield, said it's common sense to renew these credits.

"With its swift action, the Senate has demonstrated its strong support for this ounce of prevention," Dixon said. "Allowing these tax credits to expire does not save taxpayers one dime in the long run. Encouraging individual donors to personally direct their charitable dollars to local programs that do the most good is fiscally responsible, easing future burdens on the state budget and avoiding bureaucracy and the political process."

Majority Floor Leader Ron Richard, R-Joplin, said he's proud of the work the Senate did this week. He said with good communication and cooperation, the Senate was able to pass two bills that have hit major road blocks in the last couple of years.

"We had good dialogue this week between both parties. That dialogue reminded me of the conversations senators had on the floor when I would visit the Capitol as a kid. These were productive discussions that will benefit Missourians and create jobs."

Both measures now move to the House.

More News

Grid
List
COLUMBIA - KOMU 8 News sat down Wednesday with University of Missouri political science professor Cooper Drury to get an... More >>
6 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 8:36:00 PM CDT August 16, 2017 in News
SEDALIA - The total solar eclipse will attract huge crowds to mid-Missouri, but the last time there was a massive... More >>
7 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 7:35:00 PM CDT August 16, 2017 in News
COLUMBIA - Police released the results of an autopsy investigation following the death of a 4-year-old boy in May, ruling... More >>
10 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 4:15:00 PM CDT August 16, 2017 in Continuous News
COLUMBIA - Local healthcare providers and state representatives met at a town hall Wednesday to discuss fallout from Gov. Eric... More >>
11 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 3:58:00 PM CDT August 16, 2017 in News
COLUMBIA – Ameren Missouri looked to educate the Columbia Fire Department about natural gas and how to find signs of... More >>
11 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 3:18:00 PM CDT August 16, 2017 in News
JEFFERSON CITY - Federal prosecutors announced Wednesday a Columbia man pleaded guilty for his role in a plan to smuggle... More >>
11 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 3:10:40 PM CDT August 16, 2017 in News
COLUMBIA - Several of Missouri's legislators responded Wednesday to the violence from Charlottesville over the weekend. KOMU 8 News... More >>
13 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 1:24:00 PM CDT August 16, 2017 in News
ST. LOUIS (AP) — The nation's largest pharmacy benefit manager will soon limit the number and strength of opioid... More >>
13 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 1:15:51 PM CDT August 16, 2017 in News
LADDONIA - Water issues have recently erupted for the around 500 residents of the small town of Laddonia in... More >>
14 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 1:01:00 PM CDT August 16, 2017 in News
ST. LOUIS (AP) — A black firefighters organization has settled its 2015 lawsuit against the city of St. Louis over... More >>
14 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 12:06:55 PM CDT August 16, 2017 in News
JEFFERSON CITY – The Missouri Public Service Commission denied grant approval of the Grain Belt Express Clean Line that would... More >>
15 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 11:35:00 AM CDT August 16, 2017 in News
COLUMBIA - Policies for prep sports in Missouri are among the safest in the country, according to a new report... More >>
15 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 11:05:00 AM CDT August 16, 2017 in Continuous News
CREVE COEUR (AP) — With his suburban St. Louis meeting with the Israeli ambassador as a backdrop, Missouri's first Jewish... More >>
16 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 10:57:00 AM CDT August 16, 2017 in News
FULTON - The President of William Woods University announced Wednesday that the university's main campus in Fulton will be closed... More >>
16 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 10:40:00 AM CDT August 16, 2017 in Eclipse Impact
COLUMBIA - Police officers responded to a report of a shooting on Greensboro Drive around 11:30 p.m. Tuesday. Officers... More >>
16 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 10:18:00 AM CDT August 16, 2017 in News
COLUMBIA — Two organizations will host a town hall on Wednesday to discuss the impacts of Gov. Eric Greitens' veto... More >>
16 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 10:10:00 AM CDT August 16, 2017 in News
JEFFERSON CITY, Mo. (AP) — Missouri Treasurer Eric Schmitt says he's backing fellow Republican Attorney General Josh Hawley to run... More >>
17 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 9:41:00 AM CDT August 16, 2017 in News
ST. LOUIS (AP) — Authorities say a woman has been arrested on charges of embezzling more than $2 million while... More >>
17 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 9:25:45 AM CDT August 16, 2017 in News
Columbia, MO
Broken Clouds 68°
3am 67°
4am 67°
5am 68°
6am 72°

Select a station to view its upcoming schedule:

Coming Up Next

2:07a
Today
3:00a
Mad Money
4:00a
Early Today
2:30a
Paid Program
3:00a
Paid Program
3:30a
Paid Program

Tonight's Schedule

7:00p
The Wall
8:00p
Saturday Night Live
8:30p
Great News
9:00p
The Night Shift
7:00p
Penn & Teller: Fool Us
8:00p
Whose Line Is It Anyway?
8:30p
Whose Line Is It Anyway?
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld