The Missouri House has endorsed the creation of several new tax breaks intended to lure high-tech businesses and foreign trade to the state.
House members gave initial approval Wednesday to a bill authorizing $60 million of tax credits for international exporters over the next eight years. They also gave initial approval to bills creating tax credits for investors in high-tech startup businesses and authorizing state and local sales tax breaks for computer data centers.
The Missouri House has given first-round approval to a measure that supporters say will help protect farmers. The proposed state constitutional amendment would prohibit laws that limit what it calls modern farming and ranching practices unless they're passed by the Legislature. The measure would add that the right to engage in modern farming and ranching practices are "forever guaranteed."
House members endorsed the measure Wednesday. It needs another vote before moving to the state Senate. If it passes the Legislature, the amendment would go to a statewide vote.