Missouri Lawmakers Propose Incentives for Sporting Events
JEFFERSON CITY (AP) - Missouri state lawmakers are considering incentives to lure amateur sports events such as NCAA Final Four basketball games, U.S. Olympic trials and youth soccer tournaments to the state.
The proposed sports incentives are part of the agenda for a special legislative session that starts Tuesday. One proposal before lawmakers could allow a refundable tax credit, with the program capped at $3 million per year.
Missouri has attracted amateur sporting events in the past. But supporters of the incentives say the state has fallen behind other states, such as Texas, which already offer incentives. They contend the new incentives could help attract sporting events and the economic benefits that come with hosting the events.