Two tax credit bills passed by Missouri lawmakers have become the first ones signed into law this year by (D).
First, reinstates tax breaks for food pantries, pregnancy resource centers run by pro-life groups, and the Children in Crisis program, now renamed the 鈥淐hampion for Children鈥� program after (R, Springfield). The bill was sponsored by her successor, fellow Republican of Springfield.
鈥淭he benevolent tax credits were allowed to expire last year because of disagreement within the legislature on how to move forward with tax credit reform,鈥� Dixon said.
Due to an emergency clause, the law takes effect immediately and the incentives can be applied for retroactively to January 1st. It also extends the expiration date from 2013 to 2019 for tax breaks for surviving spouses of slain law enforcement officers.
creates incentives designed to draw amateur sporting events to Missouri. It was sponsored by (R, Glendale).
鈥淲hen you鈥檙e filling up hotel rooms and restaurants and bars for a week, when families from across the Midwest are there in your town, it can mean a lot for those local economies," Schmitt said. "This is really something that a lot of people have worked really hard on, and I think it puts Missouri in a much more competitive position.鈥�
The amateur sports tax credit law takes effect August 28th, and limits incentives to $3 million per year.
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