Missouri Senate Discusses Boeing Bill

6 years 2 months 2 weeks ago Wednesday, December 04 2013 Dec 4, 2013 Wednesday, December 04, 2013 11:57:00 AM CST December 04, 2013 in News
By: Jake Lasofsky, KOMU 8 Reporter
loading

JEFFERSON CITY - The Missouri Senate met Wednesday morning to discuss tax break incentive bills for Boeing.  Both the House and Senate committees approved the bills last night.

The proposal passed through both committees after Governor Jay Nixon released a cost analysis of the plan on Tuesday, which includes tax breaks based on job creation.

If Boeing creates 2,000 jobs the state would give the company more than $435 million in tax break incentives over the course of 23 years. If 8,000 new jobs are created, Boeing would receive more than $1.7 billion in tax breaks. 

In Nixon's report, he stated that his administration is confident in the proposed investment, because the state would receive two dollars in new tax revenue for every dollar it gives Boeing. 

The Senate took a brief break Wednesday morning while a group of senators worked on the wording for financial safeguards. They will continue to discuss the bills until they reach a decision. 

Boeing is searching for a location to build their new 777X commercial aircraft and is fielding offers from 15 states.  Missouri officials have until Tuesday, December 10 to offer a final proposal to Boeing. 

 

Related Stories

More News

Grid
List
JEFFERSON CITY (AP) — Most former felons in Missouri who were convicted of nonviolent crimes would get their right to... More >>
1 hour ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 5:20:00 PM CST February 24, 2020 in News
JEFFERSON CITY - Stephen Sokoloff, a Missouri special prosecutor, has completed his investigation into the Fulton police shooting death of... More >>
1 hour ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 4:51:00 PM CST February 24, 2020 in News
COLUMBIA - The Columbia Police Department is investigating an incident in which a Columbia Police patrol vehicle was struck by... More >>
2 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 4:27:00 PM CST February 24, 2020 in News
(CNN) -- Before classes had even begun, a judge stood in front of Justin's law school class to tell them... More >>
3 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 3:35:00 PM CST February 24, 2020 in A Brighter Tomorrow
COLUMBIA -- The Columbia Post Office closed for several hours on Monday. Office employees told customers the facility was closed... More >>
3 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 3:26:00 PM CST February 24, 2020 in News
JEFFERSON CITY - A new Missouri House bill would prohibit organizations like the NCAA from preventing student-athletes from receiving compensation... More >>
3 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 2:38:00 PM CST February 24, 2020 in News
COLUMBIA – The city's big plans for Columbia Regional Airport (COU) got a shot in the arm Friday with the... More >>
4 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 2:19:00 PM CST February 24, 2020 in News
JEFFERSON CITY - Missouri lawmakers will once again try to pass a bill to create a statewide prescription drug monitoring... More >>
6 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 12:02:00 PM CST February 24, 2020 in News
Anxiety is your body's reaction to stress. According to the American Psychiatric Association, anxiety disorders are the most common type... More >>
7 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 11:28:00 AM CST February 24, 2020 in A Brighter Tomorrow
(CNN) -- Harvey Weinstein was found guilty Monday of committing a criminal sex act in the first degree involving one... More >>
7 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 10:59:00 AM CST February 24, 2020 in News
JEFFERSON CITY - House Representatives talked Monday about health care for children who are eligible for the MO HealthNet. ... More >>
8 hours ago Monday, February 24 2020 Feb 24, 2020 Monday, February 24, 2020 10:22:00 AM CST February 24, 2020 in News
BRUNSWICK - After a year of record-breaking flooding, neighbors in Brunswick hope they don't see a repeat this summer. ... More >>
22 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 8:22:00 PM CST February 23, 2020 in News
LINN - A lot of the times it's hard to know the affect you'll have on someone until after it's... More >>
23 hours ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 7:08:00 PM CST February 23, 2020 in Sports
BOONVILLE — Community members in Boonville gathered Sunday in support of moving the Boonslick Regional Library (BRL) Cooper County Branch... More >>
1 day ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 6:15:00 PM CST February 23, 2020 in News
COLUMBIA - The University of Missouri College of Agriculture, Food and Natural Resources (CAFNR) will celebrate the 150th anniversary of... More >>
1 day ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 5:23:00 PM CST February 23, 2020 in News
AP — State attorneys general are finding a national settlement over the toll of opioids to be elusive, as some... More >>
1 day ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 11:17:32 AM CST February 23, 2020 in News
COLUMBIA - Dozens of boy scouts and girl scouts showed up for water safety event at Hickman High School Sunday... More >>
1 day ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 10:34:00 AM CST February 23, 2020 in News
SEDALIA — A 49-year-old man was taken to the University of Missouri hospital via air ambulance after sustaining a gunshot... More >>
1 day ago Sunday, February 23 2020 Feb 23, 2020 Sunday, February 23, 2020 9:25:40 AM CST February 23, 2020 in News
Columbia, MO
Broken Clouds 44°
7pm 43°
8pm 43°
9pm 43°
10pm 42°