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

5 years 3 weeks 1 day 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 – President Donald Trump on Thursday defended his proposal to arm teachers. KOMU 8 asked educators and other mid-Missourians... More >>
6 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 6:50:00 PM CST February 22, 2018 in News
FULTON - The Callaway County Sheriff’s Office is requesting a more than $9,000 grant from the Missouri Department of... More >>
6 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 6:20:00 PM CST February 22, 2018 in News
JEFFERSON CITY - For those who watch the winter Olympics and think "I could do that", there is an opportunity... More >>
6 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 6:02:00 PM CST February 22, 2018 in News
COLUMBIA – No. 11 Mizzou will look to keep the good times rolling on Senior Night tonight as they tip... More >>
8 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 4:58:00 PM CST February 22, 2018 in Sports
COLUMBIA - It's the day Tigers fans have been waiting for; the return of Michael Porter Jr. Jon Rothstein... More >>
8 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 4:50:00 PM CST February 22, 2018 in News
ST. LOUIS - Gov. Eric Greitens is calling his indictment on invasion of privacy a "disappointing and misguided political decision."... More >>
8 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 4:19:00 PM CST February 22, 2018 in News
JEFFERSON CITY - Six Fulton residents were sentenced in federal court for their roles in a conspiracy to distribute more... More >>
8 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 4:02:00 PM CST February 22, 2018 in News
JEFFERSON CITY - The future of driving lies in electric and autonomous driving vehicles according to speakers at Jefferson City's... More >>
9 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 3:24:00 PM CST February 22, 2018 in News
COLUMBIA - A Missouri lawmaker want to make roads better by raising fees at the DMW and cutting income tax... More >>
9 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 3:18:00 PM CST February 22, 2018 in News
JEFFERSON CITY (AP) — A Missouri lawmaker who called for the vandal of a Confederate monument to be hanged won't... More >>
9 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 3:08:00 PM CST February 22, 2018 in News
COLUMBIA - A Tuskegee Airman told stories of his time in a segregated military while speaking at a Black History... More >>
10 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 2:13:00 PM CST February 22, 2018 in News
COLUMBIA - The head coach of the University of South Carolina's women's basketball team filed a defamation lawsuit Thursday against... More >>
10 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 2:07:00 PM CST February 22, 2018 in Sports
JEFFERSON CITY - The Jefferson City Fire Department responded to a structure fire on the 2200 block of Oakview Drive.... More >>
12 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 12:57:00 PM CST February 22, 2018 in News
JEFFERSON CITY (AP) — The chairman of the Missouri House Budget Committee is announcing a proposal to reduce... More >>
12 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 12:36:05 PM CST February 22, 2018 in News
MACON - Police are asking for help identifying two male subjects thought to be related to an ongoing shoplifting investigation.... More >>
13 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 11:30:00 AM CST February 22, 2018 in News
ARNOLD (AP) — A man who went to pick up a relative from a suburban St. Louis high school with... More >>
16 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 8:26:00 AM CST February 22, 2018 in News
SPRINGFIELD (AP) — A former Missouri charity executive has been indicted in a conspiracy that has ensnared a former Arkansas... More >>
16 hours ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 8:14:00 AM CST February 22, 2018 in News
COLUMBIA - Federal court documents filed Tuesday give details into the past of Coffee Zone's owner. This comes after police... More >>
1 day ago Thursday, February 22 2018 Feb 22, 2018 Thursday, February 22, 2018 12:28:00 AM CST February 22, 2018 in Top Stories
Columbia, MO
Broken Clouds 41°
1am 39°
2am 39°
3am 39°
4am 40°

Select a station to view its upcoming schedule:

Coming Up Next

11:35p
2018 Olympic Winter Games
1:00a
2018 Olympic Winter Games
3:30a
Inside Edition
12:30a
Cops
1:00a
Top 30
1:30a
Page Six TV

Tonight's Schedule

7:00p
2018 Olympic Winter Games
7:00p
The 3rd Annual Howie Mandel Stand-Up Gala
8:30p
Whose Line Is It Anyway?
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld