Missouri Legislature Attempts Tax Credits for Air Cargo

7 years 8 months 2 weeks ago Wednesday, May 02 2012 May 2, 2012 Wednesday, May 02, 2012 2:48:00 PM CDT May 02, 2012 in News
By: Becky May

JEFFERSON CITY - The Missouri Senate looked a bill Wednesday offering tax credits for air cargo. The house approved this bill two weeks ago. This piece of legislation is a modified version of the China Hub bill. The bill gives tax credits for exports from Lambert-St. Louis International Airport, however the warehouse component is removed. Sponsor of the bill, Rep. Mike Leara, R-St. Louis, said he thinks the bill will get movement in the senate, and if it doesn't pass this session he will try again.

"I will file it again in December and it [the bill] will be similar if not the same of what we have right now," said Leara.

There was no vote in the Jobs Committee hearing, but the chairman, Sen. Eric Schmidt, R- St. Louis, said it will be brought up on the senate floor.

"This committee in the past has supported this issue before and I think it will ignite Missouri in being a key player to world trade," said Schmidt.

The tax credits would have a cap of $60 million over eight years.

Opposition of the bill said there are so many tax credit programs currently, it doesn't make sense to issue more. Sen. Chuck Purgason, R-Caulfield, said he thinks after many Republicans like himself finish their term, there will be less effort for a tax credit reform.

"I think it will be a feeding frenzy for tax credits across the state that will put the state at a budget shortfall," said Purgason.

Purgason said he would consider the freight forwarding bill if there is a tax reform package that is tagged along with it.

In the previous special session, the proposed tax credits for air cargo exports were a central part to bring in business to the state.

There are less than three weeks remaining in the legislative session.

More News

Grid
List
ASHLAND- Dozens of children from across mid-Missouri came together to play and learn about a potential profession at the annual... More >>
4 hours ago Saturday, January 18 2020 Jan 18, 2020 Saturday, January 18, 2020 6:53:00 PM CST January 18, 2020 in News
ST. LOUIS — Thousands of St. Louis-area families were freed from a major financial burden thanks to a charitable effort... More >>
4 hours ago Saturday, January 18 2020 Jan 18, 2020 Saturday, January 18, 2020 6:25:00 PM CST January 18, 2020 in News
COLUMBIA - With more than 450 attendees,Bur Oak brewery was packed for the fifth annual 2020 MO Bacon & Bourbon... More >>
6 hours ago Saturday, January 18 2020 Jan 18, 2020 Saturday, January 18, 2020 4:48:00 PM CST January 18, 2020 in News
KANSAS CITY, Mo. - A few days after her son was born on Super Bowl Sunday Ellen Gill learned he... More >>
8 hours ago Saturday, January 18 2020 Jan 18, 2020 Saturday, January 18, 2020 2:18:00 PM CST January 18, 2020 in News
COLUMBIA - Police arrested a man in connection to shots fired reported on Friday night at the Walmart on Broadway,... More >>
9 hours ago Saturday, January 18 2020 Jan 18, 2020 Saturday, January 18, 2020 2:03:00 PM CST January 18, 2020 in News
KANSAS CITY, Mo. (AP) — The owner of a tourist duck boat that sank in a Missouri... More >>
10 hours ago Saturday, January 18 2020 Jan 18, 2020 Saturday, January 18, 2020 12:56:00 PM CST January 18, 2020 in News
FULTON - Inspirational speaker and former Minor League Baseball outfielder Chris Singleton, who lost his mother in a shooting at... More >>
14 hours ago Saturday, January 18 2020 Jan 18, 2020 Saturday, January 18, 2020 9:01:00 AM CST January 18, 2020 in News
COLUMBIA – The city of Columbia reporter hundreds of residents were without power Friday afternoon in east central Columbia, in... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 6:03:00 PM CST January 17, 2020 in News
KANSAS CITY, Mo. (AP) — Former Walmart Inc. chief executive David Glass, who owned the Kansas City Royals for nearly... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 5:24:21 PM CST January 17, 2020 in News
MID-MISSOURI - Another week in January, and another winter storm. This time around it will likely all happen in one... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 4:46:00 PM CST January 17, 2020 in Weather
COLUMBIA- The Columbia Fire Department is reminding residents to make sure their home is safe during these cold temperatures. ... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 4:03:00 PM CST January 17, 2020 in News
COLUMBIA - Boone Hospital Center will hold a job fair specifically for former employees of Pinnacle Hospital on Tuesday. The... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 3:12:00 PM CST January 17, 2020 in News
FULTON - Police arrested a second suspect involved in a burglary Friday afternoon near W. 7th and Airway. Police... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 3:05:00 PM CST January 17, 2020 in News
COLUMBIA - The last flight to land at Columbia Regional Airport Friday touched down at 10:00 a.m. Those departing the... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 2:52:00 PM CST January 17, 2020 in News
JEFFERSON CITY - Sleet and freezing rain hit across mid-Missouri throughout the day Friday. Jefferson City Public Works director... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 2:52:00 PM CST January 17, 2020 in News
COLUMBIA - The city of Columbia is reporting more than 1,000 people are without power in east central Columbia, in... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 2:26:12 PM CST January 17, 2020 in News
FULTON - Officers took two suspects into custody after investigating a report of a stolen package in the residential area... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 2:03:00 PM CST January 17, 2020 in News
MONTGOMERY COUNTY - Two people have been arrested and charged in connection with the 2017 death of Benjamin Renick. ... More >>
1 day ago Friday, January 17 2020 Jan 17, 2020 Friday, January 17, 2020 12:03:00 PM CST January 17, 2020 in News
Columbia, MO
Broken Clouds 25°
12am 23°
1am 22°
2am 20°
3am 18°