Politics & Government
China Hub Set for Vote in Missouri House
The Missouri House is set to vote on a bill that would give companies $60 million in tax incentives. Hazelwood could benefit from the hub down the line.
The House of Representatives is set to vote on the bill that would establish a China Hub at Lambert-St. Louis International Airport. Fox 2 reported Wednesday that the bill passed the Missouri Senate, but in a form that cut $300 million in tax incentives.
But companies could still get tax cuts outside of the legislation. The St. Louis Post-Dispatch reported Gov. Jay Nixon is proposing companies use a program called “Compete Missouri.” House leaders are against the idea, according to the website, because it gives the state’s executive branch the power to decide tax incentive distributions.
The bill includes $60 million in tax incentives for those companies that “arrange international shipments out of Lambert,” The St. Louis Post-Dispatch reported.
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Bloomberg Businessweek indicated the House will vote on the bill’s new version Tuesday.
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