Legislative Tax Break Bill Raises Questions

1 decade 1 year 4 months ago Sunday, May 20 2007 May 20, 2007 Sunday, May 20, 2007 1:32:25 PM CDT May 20, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - State lawmakers may need a big calculator to figure out how much a slew of tax breaks passed this year will ultimately cost. House Budget Chairman Allen Icet says lawmakers planned to spend about $40 million on tax cuts. But they likely exceeded that by tens of millions of dollars. For example, legislation designed to expand an existing tax credit for job growth by 12 million dollars attracted a wealth of new programs. Officials estimate the bill now costs at least 103 million dollars. Governor Blunt began the session heralding a plan to set aside 200 millions dollars for future years. Now, he may have to veto some of the tax incentives to bring the price tag down. Experts say tax incentives are too politically popular for lawmakers to vote down.

More News

Grid
List
(CNN) -- Facebook has set up a "war room" at its California headquarters as part of its plans to avoid... More >>
1 hour ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 6:32:00 AM CDT October 18, 2018 in News
COLUMBIA - November candidates want to earn your vote by discussing disability-related issues on Thursday. The City of Columbia... More >>
3 hours ago Thursday, October 18 2018 Oct 18, 2018 Thursday, October 18, 2018 3:49:00 AM CDT October 18, 2018 in News
CALLAWAY COUNTY - The man killed in a helicopter crash east of Fulton on Wednesday has been identified as Charles... More >>
11 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 8:14:00 PM CDT October 17, 2018 in News
GASCONADE COUNTY - A school in Gasconade County went on lockdown on Wednesday after a juvenile threatened to self-harm nearby,... More >>
11 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 7:39:00 PM CDT October 17, 2018 in News
COLUMBIA - The Columbia City Council approved a request on Monday to change the zoning of nearly 50 properties in... More >>
13 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 6:33:00 PM CDT October 17, 2018 in News
JEFFERSON CITY- Andy Neidert's building on the corner of East High Street and Madison Street has been collapsing and held... More >>
15 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 3:47:00 PM CDT October 17, 2018 in News
PANAMA CITY, Fla. - A former Missouri woman, now living in Florida's panhandle, said Wednesday she is experiencing the "catastrophic"... More >>
15 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 3:41:00 PM CDT October 17, 2018 in News
COLUMBIA - Claire McCaskill's office has responded to a investigative piece by Project Veritas,which focuses on her campaign office. ... More >>
16 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 3:24:00 PM CDT October 17, 2018 in News
(CNN) -- A white woman has been fired after video emerged of her confronting and blocking the entry of a... More >>
16 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 3:23:00 PM CDT October 17, 2018 in News
JEFFERSON CITY – Robert Pinhero created a GoFundMe page and is recruiting drivers to help get voters without a car... More >>
16 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 2:58:00 PM CDT October 17, 2018 in News
Cole County – From oil-dripping trucks to ones without seatbelts, Cole County Fire District officials say there's a pressing need... More >>
16 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 2:38:00 PM CDT October 17, 2018 in News
KINGDOM CITY - Eight people were arrested after the Callaway County Sherrif's Office found 3.5 pounds of methamphetamine, about one... More >>
17 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 2:23:00 PM CDT October 17, 2018 in News
(CNN) -- At least 92 people in 29 states have been infected with a strain of multidrug-resistant salmonella after coming... More >>
18 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 1:11:43 PM CDT October 17, 2018 in News
JEFFERSON CITY (AP) — In ads and speeches, Democratic U.S. Sen. Claire McCaskill is pounding Missouri voters with a single... More >>
19 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 12:19:00 PM CDT October 17, 2018 in News
JEFFERSON CITY - A multi-vehicle crash sent one man to the hospital with injuries right before the Wednesday morning commute.... More >>
19 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 11:42:00 AM CDT October 17, 2018 in News
JEFFERSON CITY- The man prosecutors accused of killing Lincoln University student Charon Session pleaded not guilty Wednesday morning. About... More >>
20 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 10:54:00 AM CDT October 17, 2018 in Top Stories
COLUMBIA (AP) — The University of Missouri had to toss out giving its Nobel Prize winning scientist a parking space... More >>
21 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 10:24:00 AM CDT October 17, 2018 in Top Stories
DES MOINES, Iowa (AP) — No winning lottery ticket was sold for the latest Mega Millions drawing, meaning the estimated... More >>
21 hours ago Wednesday, October 17 2018 Oct 17, 2018 Wednesday, October 17, 2018 10:14:00 AM CDT October 17, 2018 in News
Columbia, MO
Broken Clouds 41°
8am 38°
9am 43°
10am 48°
11am 51°