China Hub Incentives Set to be Axed

8 years 4 months 4 days ago Tuesday, September 13 2011 Sep 13, 2011 Tuesday, September 13, 2011 11:28:00 AM CDT September 13, 2011 in News
By: Blake Hanson
loading

JEFFERSON CITY - One of the biggest items on the agenda for the session will take a major blow Tuesday, according to the Senate's Majority Leader.

Missouri Senators are preparing to lop off $300 million in tax incentives. Senate Majority Leader, Rob Mayer, R-Dexter, said the cuts comes because the Senate was unable to get the necessary votes for the China Hub bill.

The proposed China Hub bill would provide tax incentives to international shippers doing business at Lambert Airport in St. Louis.

The original bill offered up to $60 million in tax credits for companies that handle the logistics of exports and $300 million of tax credits for the development of facilities to support the increased shipping.

The Senate is set to restart debate on the bill at 2 p.m. Tuesday, according to a Senate Majority spokeswoman. Senators could pass the bill as soon as this afternoon.

The China Hub plan is a central focus of the special session, along with other job development and export incentive packages.

The special session started on September 6. Governor Nixon has said he hopes the special session will last no longer than two weeks.

More News

Grid
List
MID-MISSOURI - Another week in January, and another winter storm. This time around it will likely all happen in one... More >>
4 hours ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 4:51:00 AM CST January 17, 2020 in Weather
COLUMBIA - With colder temperatures expected to arrive in mid-Missouri, shelters are preparing to care for those in need. ... More >>
15 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 6:27:00 PM CST January 16, 2020 in News
COLUMBIA - One Missouri lawmaker's bill could create new curriculum for schools in the state. House Bill 2153, sponsored... More >>
16 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 5:21:00 PM CST January 16, 2020 in News
JEFFERSON CITY (AP) — Missouri Gov. Mike Parson said Thursday that he plans to fight efforts to expand the number... More >>
17 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 4:06:00 PM CST January 16, 2020 in News
NEW FRANKLIN — In a Facebook post Wednesday afternoon, New Franklin police chief Mike Wise announced plans to step down.... More >>
19 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 2:14:00 PM CST January 16, 2020 in News
BOONVILLE - The announcement of Pinnacle Regional Hospital's closing came suddenly this week, even catching residents off guard who expected... More >>
19 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 1:57:00 PM CST January 16, 2020 in News
WASHINGTON (AP) — The White House violated federal law in withholding security assistance to Ukraine, an action at the... More >>
21 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 12:35:15 PM CST January 16, 2020 in News
WASHINGTON DC - The United States Senate passed the United States-Mexico-Canada Agreement, 89-10, on Wednesday morning, and Senators Josh Hawley... More >>
22 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 11:32:00 AM CST January 16, 2020 in News
COLUMBIA - The City of Columbia is preparing for a possible winter storm forecast for Friday, Jan. 17, per a... More >>
22 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 11:02:00 AM CST January 16, 2020 in News
JEFFERSON CITY- State senators heard testimony on a bill Thursday morning that could give law enforcement a leg up in... More >>
22 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 10:52:00 AM CST January 16, 2020 in News
MILTON, FL - Katie Prestesater, a native of Columbia, was recognized as the Naval Air Station Whiting Field Senior Civilian... More >>
23 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 10:09:00 AM CST January 16, 2020 in News
JEFFERSON CITY - A total of $6 million is available for energy efficiency and renewable energy projects throughout the state,... More >>
23 hours ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 9:45:00 AM CST January 16, 2020 in News
WHITEMAN AIR FORCE BASE - A B-2 Stealth Bomber, supported by Team Whiteman’s maintenance Airmen and a ground crew of... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 8:43:00 AM CST January 16, 2020 in News
ST. LOUIS (AP) - A man has been sentenced to more than four years in prison for robbing a St.... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 8:06:00 AM CST January 16, 2020 in News
COLUMBIA - The Holiday Inn Expo Center will be bustling with diversity leaders and community members Thursday morning for the... More >>
1 day ago Thursday, January 16 2020 Jan 16, 2020 Thursday, January 16, 2020 4:30:00 AM CST January 16, 2020 in Top Stories
COLUMBIA - Faith Mejia's children know to drop to the ground whenever they hear gunshots. In 2019 alone, three homicides... More >>
1 day ago Wednesday, January 15 2020 Jan 15, 2020 Wednesday, January 15, 2020 9:15:00 PM CST January 15, 2020 in News
JEFFERSON CITY- Missouri Democrats disagreed with parts of Governor Parson's State of the State Address this afternoon. Democrats held... More >>
1 day ago Wednesday, January 15 2020 Jan 15, 2020 Wednesday, January 15, 2020 8:09:00 PM CST January 15, 2020 in News
JEFFERSON CITY- For the second time as governor, Mike Parson went before state lawmakers Wednesday afternoon to deliver the annual... More >>
1 day ago Wednesday, January 15 2020 Jan 15, 2020 Wednesday, January 15, 2020 6:06:00 PM CST January 15, 2020 in News
Columbia, MO
Broken Clouds 28°
10am 28°
11am 28°
12pm 29°
1pm 30°