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

4 years 10 months 1 week 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 - For people in jail, it's sometimes difficult to get together the funds to bail out. That's where... More >>
3 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 10:24:00 PM CST December 12, 2017 in News
MONTGOMERY, Ala. - Alabama Republican Roy Moore, beset by allegations of sexual misconduct, lost his bid to become a senator.... More >>
4 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 9:30:00 PM CST December 12, 2017 in News
JEFFERSON CITY - The former Cole County Chief Juvenile Officer sued his former boss and the Cole County Commission Tuesday,... More >>
6 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 7:33:00 PM CST December 12, 2017 in News
BOONE COUNTY - An abandoned car caught fire Tuesday at the intersection of East Broadway and South Rolling Hills Road.... More >>
6 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 7:21:00 PM CST December 12, 2017 in News
COLUMBIA - The man found dead at an Old Hawthorne home Monday morning was the son of a Clark County... More >>
6 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 7:21:00 PM CST December 12, 2017 in News
COLUMBIA - Missouri has entered in a new foster care study that will look at foster parent recruitment and retention.... More >>
6 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 6:51:00 PM CST December 12, 2017 in News
AUDRAIN COUNTY - A criminal investigation was underway Tuesday after a man's death and a vehicle fire. Foul play was... More >>
8 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 5:08:00 PM CST December 12, 2017 in News
JEFFERSON CITY - The 2018 Jefferson City council elections only have one contested seat: 5th Ward Council member. Incumbent... More >>
8 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 4:41:00 PM CST December 12, 2017 in News
COLUMBIA - Cover Missouri, a coalition promoting sign ups for the Affordable Care Act, held an open-enrollment event at the... More >>
8 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 4:41:00 PM CST December 12, 2017 in News
COLUMBIA - Police are still investigating the death of Augustus Roberts, the man found dead at a home in the... More >>
9 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 3:46:00 PM CST December 12, 2017 in News
COLUMBIA - The Truman VA’s Intensive Care Unit (ICU) went live with a new Tele-ICU technology on Tuesday. Tele-ICU... More >>
9 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 3:46:00 PM CST December 12, 2017 in Continuous News
COLUMBIA - Troopers arrested a man on Tuesday after a high-speed chase which started south of Ashland and ended in... More >>
9 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 3:38:00 PM CST December 12, 2017 in News
VERSAILLES - Prosecutors filed charges against three employees of the Morgan County Jail on Monday, including a nurse accused of... More >>
10 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 2:37:00 PM CST December 12, 2017 in News
COLUMBIA - Missouri has become the 34th state, in addition to two territories, to accept a nationwide public safety network.... More >>
11 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 2:35:00 PM CST December 12, 2017 in News
NEVADA (AP) — Two inmates who were captured soon after breaking out of a western Missouri jail face new charges.... More >>
11 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 2:20:00 PM CST December 12, 2017 in News
ASHLAND – Those who live around Ashland were able to avoid paying an online convenience fee or driving to Columbia... More >>
11 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 2:16:00 PM CST December 12, 2017 in News
JEFFERSON CITY - Legislation for a primary seatbelt law has been filed by the Missouri House Transportation Committee chairman. This... More >>
12 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 1:03:00 PM CST December 12, 2017 in Top Stories
KANSAS CITY, Kan. (AP) — Firefighters have found two bodies while battling a blaze in a Kansas City, Kansas, home.... More >>
13 hours ago Tuesday, December 12 2017 Dec 12, 2017 Tuesday, December 12, 2017 11:53:16 AM CST December 12, 2017 in News
Columbia, MO
Broken Clouds 25°
2am 30°
3am 30°
4am 31°
5am 32°

Select a station to view its upcoming schedule:

Coming Up Next

1:07a
Inside Edition
1:37a
Paid Program
2:07a
Today with Kathie Lee & Hoda
1:30a
Page Six TV
2:00a
Paid Program
2:30a
Paid Program

Tonight's Schedule

7:00p
The Wall
8:00p
Golden Globe 75th Anniversary Special
7:00p
Riverdale
8:00p
Dynasty
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld