State senator says Boeing shouldn't get Missouri tax credits

1 year 1 month 3 weeks ago Thursday, September 22 2016 Sep 22, 2016 Thursday, September 22, 2016 8:51:00 PM CDT September 22, 2016 in News
By: The Associated Press

COLUMBIA (AP) — Aviation giant Boeing Co., which employs about 15,000 people in the St. Louis area, should be disqualified from receiving state tax incentives because it is doing business with a country designated as a state sponsor of terror, a Missouri state senator said this week.  

Boeing benefited from a $1.7 billion incentive package the state Legislature approved in 2013 to lure production of a new commercial airliner in the state. Two years later, the company reached a deal with the state for $229 million in tax credits over 18 years to maintain and grow employment in Missouri, the Columbia Daily Tribune reported. 

But Boeing shouldn't receive any tax credits after agreeing to sell 80 passenger jets to Iran's state-owned airline, said Sen. Eric Schmitt, a St. Louis County Republican.

Schmitt, who is running for state treasurer, spoke at Boone County Republican headquarters with former treasurer Sarah Steelman on Tuesday. He focused on the lifting of some international sanctions on Iran after the country's nuclear deal with world powers.

"I don't think any tax dollars should go to any company that does business with Iran," Schmitt said. "That would be a natural consequence of opposing the Iran deal." 

Both Boeing and European airplane manufacturer Airbus announced this week separate $25-billion deals to sell aircraft to airlines in the country, although analysts are skeptical that there is demand for so many jets or available financing. The deal would be the biggest for an American company since the 1979 Islamic Revolution and U.S. Embassy takeover.

Under Boeing's deal, Iran Air will buy 80 aircraft with a total list price of $17.6 billion, with deliveries beginning in 2017 and running until 2025. Iran Air also will lease 29 new Boeing 737s.

Boeing spokesman Marc Sklar said in a statement this week that Boeing remains in talks with Iran Air based on the memorandum of agreement reached in June.

Schmitt is running against former state Rep. Judy Baker of Columbia, the Democratic nominee, and Sean O'Toole of the Libertarian Party.

The state treasurer's office already has a policy barring investments with companies that have ties to terrorism or terrorist companies, Baker said.

"It is quite simple," she said. "I would like to keep Boeing's jobs in Missouri, and I don't think my opponent understands what the state treasurer does."

More News

Grid
List
COLUMBIA - Police arrested a man Thursday after a woman said he had sexually assaulted her. According to police,... More >>
43 minutes ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 2:42:56 PM CST November 17, 2017 in News
COLUMBIA - The Missouri Housing Development Commission held a meeting with Missouri citizens to share the final decisions for the... More >>
1 hour ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 1:39:00 PM CST November 17, 2017 in News
ST. LOUIS (AP) — St. Louis' largest skyscraper is on the market following foreclosure. The vacant 44-story office... More >>
1 hour ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 1:30:48 PM CST November 17, 2017 in News
ST. CHARLES (AP) — A judge has agreed to once again push back the trial date for a St. Louis-area... More >>
1 hour ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 1:28:54 PM CST November 17, 2017 in News
ST. JOSEPH (AP) — The driver of a stolen vehicle involved in a crash that killed four people has been... More >>
2 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 1:26:19 PM CST November 17, 2017 in News
ST. LOUIS (AP) — St. Louis police officers will be required each month to read and acknowledge an order reiterating... More >>
2 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 12:48:28 PM CST November 17, 2017 in News
DONIPHAN (AP) — Authorities are investigating an unusual drowning in the Current River. The Missouri State Highway Patrol... More >>
2 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 12:44:22 PM CST November 17, 2017 in News
JEFFERSON CITY - Police have arrested a suspect accused of stealing several items, including handguns, from unlocked cars. It comes... More >>
3 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 11:54:00 AM CST November 17, 2017 in News
MACON - Macon's fire chief said a business outlet is a total loss after a severe fire that started Thursday... More >>
3 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 11:41:00 AM CST November 17, 2017 in News
JEFFERSON CITY (AP) — The Missouri Department of Agriculture is altering its rules for use of BASF's dicamba herbicide on... More >>
4 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 10:46:49 AM CST November 17, 2017 in News
JEFFERSON CITY (AP) — Missouri Sen. Claire McCaskill says she's giving away $30,000 that fellow Democratic Sen. Al Franken's leadership... More >>
5 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 10:16:00 AM CST November 17, 2017 in News
CAPE GIRARDEAU (AP) — Officials with the Missouri State Highway Patrol are searching for the driver who struck a scooter,... More >>
6 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 9:22:54 AM CST November 17, 2017 in News
ST. LOUIS (AP) — St. Louis fire officials call it amazing that no one was hurt when part of a... More >>
6 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 8:43:18 AM CST November 17, 2017 in News
COLUMBIA- Congresswoman Vicky Hartzler is in Columbia Friday to meet with local business owners to hear their input on the... More >>
7 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 7:50:00 AM CST November 17, 2017 in News
COLUMBIA – The Columbia Regional Airport has seen a record-breaking number of fliers this holiday season. It’s the first... More >>
12 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 3:14:00 AM CST November 17, 2017 in News
COLUMBIA - The Columbia Parks and Recreation Commission met Thursday night in front of a small crowd to discuss agreements... More >>
13 hours ago Friday, November 17 2017 Nov 17, 2017 Friday, November 17, 2017 1:30:00 AM CST November 17, 2017 in News
Fulton - Prom season came early this year in North Callaway, with the Future Farmers of America club giving senior... More >>
19 hours ago Thursday, November 16 2017 Nov 16, 2017 Thursday, November 16, 2017 8:18:00 PM CST November 16, 2017 in News
JEFFERSON CITY - Jefferson City High School students, parents and friends came together for a prayer vigil Thursday night for... More >>
19 hours ago Thursday, November 16 2017 Nov 16, 2017 Thursday, November 16, 2017 8:09:00 PM CST November 16, 2017 in Top Stories
Columbia, MO
Broken Clouds 61°
4pm 63°
5pm 63°
6pm 63°
7pm 63°

Select a station to view its upcoming schedule:

Coming Up Next

3:00p
Dr. Phil
4:00p
Jeopardy!
4:30p
Jeopardy!
3:00p
The Robert Irvine Show
4:00p
The Goldbergs
4:30p
The Goldbergs

Tonight's Schedule

7:00p
Blindspot
8:00p
Dateline NBC
7:00p
Crazy Ex-Girlfriend
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld