Blunt Signs Economic Development Legislation

1 decade 1 year 6 months ago Tuesday, September 04 2007 Sep 4, 2007 Tuesday, September 04, 2007 12:41:01 PM CDT September 04, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - Governor Matt Blunt has signed into law an economic development bill that authorizes about $66 million of tax credits a year. The bill was the centerpiece of a special legislative session that ended last week. The legislation triples the tax credits available for certain businesses that add jobs with at least average wages and health insurance. It creates or expands tax credits for developers, business investors, beef cattle farmers and movie makers. It also legalizes ticket scalping. Blunt plans to sign another bill from the special session on Wednesday. That measure would allow the state to speed up repairs to about 800 bridges.

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