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

4 years 1 month 3 weeks ago January 31, 2013 Jan 31, 2013 Thursday, January 31 2013 Thursday, January 31, 2013 2:37:00 PM CST 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
OVERLAND PARK, Kan. (AP) — Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under... More >>
18 minutes ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:30:30 AM CDT in News
SPRINGFIELD (AP) — Police say a man arrived at a Missouri hospital with his lips apparently glued together after coming... More >>
30 minutes ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:19:00 AM CDT in News
COLE COUNTY - Deputies arrested a man Friday evening for shooting a gun near Rainbow Hills Road, the sheriff's office... More >>
8 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 8:39:00 PM CDT in News
COLUMBIA - The Columbia Police Department said Friday it will begin patrolling areas with a high concentration of student housing... More >>
9 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 7:09:00 PM CDT in News
JEFFERSON CITY (AP) — A Missouri judge says summaries of initiative petitions against right to work no longer fit since... More >>
9 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 6:59:00 PM CDT in News
JEFFERSON CITY (AP) — Republican Gov. Eric Greitens will be visiting the U.S. Capitol this weekend to talk policy with... More >>
10 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 6:49:00 PM CDT in News
COLUMBIA - A Mid-Missouri man has been sentenced to life in prison after pleading guilty to multiple sex charges. ... More >>
10 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 6:22:00 PM CDT in Top Stories
PITTSBURG, Kan. - Former University of Missouri head basketball coach Kim Anderson has agreed to join Division II Pittsburg State... More >>
12 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 4:43:00 PM CDT in Sports
COLUMBIA - Michael Porter Jr. announced his commitment to the University of Missouri Friday. Michael Porter Jr. is the... More >>
12 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 4:21:00 PM CDT in Top Stories
COLUMBIA - As the only all-female a cappella group at the University of Missouri, the Naturelles are reaching new heights.... More >>
12 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 4:05:00 PM CDT in News
JEFFERSON CITY - Crews battled strong winds Friday as they worked to demolish the historic Truman Hotel in Jefferson City.... More >>
13 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 3:30:00 PM CDT in News
COLUMBIA – A $20,000 grant for Daniel Boone Regional Library will allow children ages K-12 who cant regularly access the... More >>
13 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 3:23:00 PM CDT in News
COLUMBIA - President Donald Trump's proposed budget could cut billions from the federally funded Low Income Home Energy Assistance Program... More >>
14 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 2:31:00 PM CDT in News
JEFFERSON CITY - Lincoln University students have mixed reactions over president Kevin Rome moving to Fisk University in Nashville. ... More >>
14 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 2:13:00 PM CDT in News
SPRINGFIELD (AP) — Police say a man arrived at a Missouri hospital with his lips apparently glued together after coming... More >>
15 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 1:00:00 PM CDT in News
FREDERICK, Md. (AP) — A Missouri man charged in the 1996 slaying of a 15-year-old Maryland girl will remain behind... More >>
16 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 12:14:42 PM CDT in News
JEFFERSON CITY - Lincoln University and Jefferson City Parks and Recreation announced the name for its new wellness and recreation... More >>
16 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 11:56:00 AM CDT in News
FORISTELL (AP) — Authorities said two New York women who were arrested in eastern Missouri after jumping out a second-story... More >>
17 hours ago March 24, 2017 Mar 24, 2017 Friday, March 24 2017 Friday, March 24, 2017 11:00:11 AM CDT in News
Columbia, MO
Broken Clouds 56°
5am 54°
6am 53°
7am 52°
8am 54°

Select a station to view its upcoming schedule:

Coming Up Next

4:30a
Paid Program
5:00a
Paid Program
5:30a
On the Money
4:30a
Paid Program
5:00a
Paid Program
5:30a
Paid Program

Tonight's Schedule

7:00p
Despicable Me 2
9:00p
Saturday Night Live
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld