State senator says Boeing shouldn't get Missouri tax credits

6 months 3 days 5 hours ago September 22, 2016 Sep 22, 2016 Thursday, September 22 2016 Thursday, September 22, 2016 8:51:00 PM CDT 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
COOPER COUNTY, Mo. - A man was charged Monday with multiple crimes related to three robberies. Dallas Franklin, 21,... More >>
1 hour ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 3:45:00 PM CDT in News
COLUMBIA Updated 4:40 p.m. - Police have charged a second man in connection to last week's fatal shooting on Madison... More >>
2 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 2:59:00 PM CDT in News
COLUMBIA - Some Missouri groups want to reinstate mandatory country-of-origin labeling (COOL) for meat products following a sanitation scandal involving... More >>
3 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 1:26:00 PM CDT in News
KANSAS CITY, Mo . (AP) — Students at a Kansas City-area high school are being evacuated as authorities investigate a... More >>
5 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 11:43:48 AM CDT in News
COLUMBIA - A Columbia man was arrested Sunday evening on suspicion of first-degree burglary. CPD officers were dispatched to... More >>
18 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 10:28:00 PM CDT in Top Stories
COLUMBIA - Columbia police arrested a man Sunday morning after he allegedly shot multiple rounds from his gun near the... More >>
21 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 7:25:00 PM CDT in Top Stories
COLUMBIA - The Columbia Police Department said a second victim in a Sunday shooting on I-70 Drive NW is dead.... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 4:18:00 PM CDT in Top Stories
COLUMBIA - During his time as athletic director at the University of Missouri Mike Alden oversaw a little bit of... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 2:35:00 PM CDT in Sports
ST. LOUIS (AP) — About 1,000 of St. Louis' delinquent properties are expected to face the wrecking ball to create... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 1:13:10 PM CDT in News
OZARK, Mo . (AP) — A southwestern Missouri man is accused of sexual misconduct involving a teenager who investigators say... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 12:20:00 PM CDT in Continuous News
FORSYTH, Mo . (AP) — Authorities said a southern Missouri man told investigators he was either sleepwalking or dreaming when... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 10:25:00 AM CDT in News
COLUMBIA - Officers said a suspect is on the run after a robbery at an Extended Stay America Saturday night.... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 10:39:11 PM CDT in News
COLUMBIA - A hearing for Sturgeon Police Chief Greg Halderman will take place on Monday. On the week of... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 7:16:00 PM CDT in News
LINN - State Technical College in Linn opened up its campus to recruit prospective students and to show off what... More >>
2 days ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:49:00 PM CDT in News
UPDATED 3/27/17 10:53 a.m. The Boone County Sheriff's Department notified the Moniteau County Sheriff's Department of a missing person.... More >>
2 days ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:37:00 PM CDT in News
ST. LOUIS (AP) — Two men each are jailed on $750,000 bond after being accused in connection with the St.... More >>
2 days ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 3:38:00 PM CDT in News
COLUMBIA - Two semi trucks and two cars were part of a wreck Saturday that closed westbound I-70. The... More >>
2 days ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 3:23:00 PM CDT in Top Stories
JEFFERSON CITY, Mo. (AP) — The Republican-led Missouri Legislature will get back to a business-friendly agenda when it returns from... More >>
2 days ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 12:35:00 PM CDT in News
Columbia, MO
Broken Clouds 55°
6pm 55°
7pm 54°
8pm 53°
9pm 51°

Select a station to view its upcoming schedule:

Coming Up Next

5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
6:00p
KOMU 8 News @ 6
5:00p
American Dad!
5:30p
American Dad!
6:00p
Family Guy

Tonight's Schedule

7:00p
The Voice
9:01p
Taken
7:00p
Supergirl
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld