tax incentives

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JEFFERSON CITY - The Missouri Legislature has passed a bill reviving a tax break for small businesses that add employees.

The bill given final approval Wednesday by the House allows businesses with fewer than 50 employees to claim a $10,000 tax deduction for each job they create that pays at least their county's average wage. Those businesses could claim a $20,000 deduction if they also cover at least half the cost of their employees' health insurance premiums.

The bill now goes to Gov. Jay Nixon.

Ryan Famuliner / KBIA

Governor Jay Nixon will consider a new version of a tax incentive for data storage centers he vetoed last year over concerns about effects on local and state revenue. 

Updated June 30, 2015 with appeals court ruling - A Missouri appeals court panel has rejected an effort by St. Louis-based activists to limit the economic incentives by the city to Peabody and other energy companies.

File photo / KBIA

 Gov. Jay Nixon signed a bill today that authorizes tax incentives for large sporting events and for some charitable donations. 

state capitol
Ryan Famuliner / KBIA

Missouri senators have endorsed legislation creating new incentives for high-tech businesses and international exports while paring back existing tax credits.

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