Departments hope for new tax credits
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Lobbyist Money Help  

Departments hope for new tax credits

Date: February 16, 2009
By: Nathan Higgins
State Capitol Bureau

Intro: The Senate Appropriations committee debated new disbursement plans for Missouri state tax credits.

Nathan Higgins has more from Jefferson City.

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From transportation to agriculture, Senators on the Appropriations committee heard new proposals for state tax credits.

But, St. Louis County Democrat Joan Bray focused on the use of tax credits for small businesses.

 

Actuality:  BRAY3.WAV
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Description: "The purpose of this tax credit would be for small businesses help them move along in there access for people with disabilities."


Debates also included tax credits for citizens who donate food, housing development, and for businesses as large as Edward Jones.

Reporting from the State Capitol, I'm Nathan Higgins.


Intro: Edward Jones urged the Appropriations committee to give them tax credits.

Nathan Higgins has more from Jefferson City.

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The investment firm Edward Jones hopes to receive tax credits for its new expansion.  

The company will pay out of its pocket for their expansion which will create up to five-hundred jobs in three years or more.

Spokeswoman for the state Sally Himanoya (HIM-A-NOY-A) says the state will pay the company back for their improvements.

 

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Description: If they fail to perform in creating the jobs and hit the five-hundred benchmark, they won't get any credits issued to them at all.


  The expansion will be at the Edward Jones' St. Louis Headquarters ON Highway 270 and Manchester Road.

 
Reporting from the State Capitol, I'm Nathan Higgins. 


Intro: One Missouri senator ranted about a proposal by the Missouri Development of Finance Board to give tax credits to professional sports complexes.  

Nathan Higgins has more from Jefferson City.

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A proposal that would help fund construction improvements to Arrowhead and Kaufmann Stadium in Kansas City made one Missouri senator look disapprovingly on the proposal. 

Saint Louis Democrat Tim Green says he is bothered with giving tax credits to professional sports organizations while average Americans cannot afford to go to games.

 

Actuality:  GREEN2.WAV
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Description: "The idea of doing some type of assistance for professional sports has to stop. It's just not right. And I hear all these sayings you're going to bring in this much money and sit there and look at it and I just don't think it's sound."

The spokesman for the Finance Board disagreed and said the facilities are bringing in plenty of money.

In the past, the committee helped fund the construction of Busch Stadium.

Reporting from the State Capitol, I'm Nathan Higgins.