senate bill 120

Business
8:24 am
Fri February 15, 2013

State tax-credit bill makes its way through senate, but comes with a price

Karl Skala (in background, right), seen here talking with Columbia residents, says tax credits from Missouri Senate Bill 120 could promote business, but could come with a price.
Credit KBIA

Sponsored by Eric Schmitt of St. Louis County, the Missouri Export Incentive Act would create some new tax incentives, and put caps on others. The bill creating new tax credits cleared a Senate committee Wednesday.

The bulk of the bill is dedicated to tax credits for technology facilities and data storage centers. Exporters and self-employed Missourians also would benefit.

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