Missouri Senate Passes Overhaul of Tax Incentives

8 years 7 months 1 week ago Monday, May 02 2011 May 2, 2011 Monday, May 02, 2011 3:05:00 PM CDT May 02, 2011 in News
By: Associated Press

JEFFERSON CITY (AP) -- The Missouri Senate has passed an overhaul of the state's tax incentives that is estimated to save the state $1.6 billion over the next 15 years.

Monday's 32-2 Senate vote sends the bill to the House, which can accept it or request negotiations with two weeks left in the legislative session.

Some of the largest savings would come by eliminating an income tax credit intended to offset part of the home rental costs for low-income seniors and disabled residents. Other savings would come from reducing tax credits for renovating historic buildings and constructing low-income housing.

New tax incentives would be created for international cargo shipments at the St. Louis airport, and for science and technology-based companies and amateur sports events.

The bill also offers amnesty for some people with overdue taxes.

More News

Grid
List
COLUMBIA - A Columbia man that survived a September shooting is now in Boone County jail on felony drug charges.... More >>
2 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 11:33:00 PM CST December 11, 2019 in Top Stories
COLUMBIA - Firefighters, police, bikers, and more came out to help the Food Bank raise funds to help those fighting... More >>
6 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 8:14:00 PM CST December 11, 2019 in News
JEFFERSON CITY - A new bill pre-filed by State Sen. Caleb Rowden, R-Columbia could give law enforcement a leg up... More >>
7 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 6:49:00 PM CST December 11, 2019 in News
VANDALIA, Mo. - The Aspire Mo program graduated 10 new students at The Women's Eastern Reception, Diagnostic and Correctional Center... More >>
8 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 6:17:00 PM CST December 11, 2019 in News
JEFFERSON CITY - Thousands of dollars were missing after an audit of Glasgow, Mo., released last year. Kevin... More >>
8 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 6:16:00 PM CST December 11, 2019 in News
FLORISSANT, Mo. — Alex Sims is just like any other kid around Christmas. He's hoping for some cards and maybe... More >>
8 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 5:57:00 PM CST December 11, 2019 in News
COLUMBIA - The Substance Abuse Advisory Commission decided on Wednesday that it could not endorse the ban of all flavored... More >>
12 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:21:00 PM CST December 11, 2019 in News
JERSEY CITY, N.J. (AP) — New Jersey Attorney General Gurbir Grewal said at a news conference with other officials Wednesday... More >>
12 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:11:00 PM CST December 11, 2019 in News
JEFFERSON CITY - The bronze statue that has sat atop the Capitol for nearly 95 years is causing controversy. ... More >>
12 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:01:00 PM CST December 11, 2019 in News
COOPER COUNTY - The banks of the Lamine River look different Wednesday. During previous days of the search for... More >>
13 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:53:00 PM CST December 11, 2019 in News
COLUMBIA - Pulaski County Deputies are looking for Austin Tabor after receiving several calls about stolen vehicles Sunday. At... More >>
13 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:38:00 PM CST December 11, 2019 in News
COLUMBIA — Father Tolton Catholic High School announced its search for new leadership Wednesday, more than a month after the... More >>
14 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:08:00 PM CST December 11, 2019 in News
MARCELINE - Tucked into a small part of Linn County sits Marceline, Mo. and the Walt Disney Hometown Museum. ... More >>
15 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 11:00:00 AM CST December 11, 2019 in News
LAKE OF THE OZARKS - Divers with the Missouri State Highway Patrol recovered a victim's body at 1:10 p.m. in... More >>
16 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 10:08:00 AM CST December 11, 2019 in News
COLUMBIA - On Wednesday, the Boone County League of Women Voters is celebrating 100 years since its founding. The... More >>
22 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 3:45:00 AM CST December 11, 2019 in News
JEFFERSON CITY - Lawmakers from both sides of the aisle will come together for a press conference over Missouri's HIV-specific... More >>
22 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 3:40:00 AM CST December 11, 2019 in News
COLUMBIA - The Hughes' family puts together their Christmas jigsaw puzzle in their front yard around Thanksgiving every year. It's... More >>
1 day ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 10:39:00 PM CST December 10, 2019 in Continuous News
COLUMBIA - The Supreme Court of Missouri unanimously upheld a death sentence ruling Tuesday against a Jefferson City man who... More >>
1 day ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 9:36:00 PM CST December 10, 2019 in News
Columbia, MO
Broken Clouds 36°
3am 32°
4am 33°
5am 34°
6am 35°