Mo. senators hear new plans for air export aid
Mo. Senate panel considering new plan for air export incentives, limits on other tax credits
JEFFERSON CITY, Mo. (AP) -- Business and civic leaders from the St. Louis area are renewing a push for new tax breaks to encourage international exports through Lambert-St. Louis International Airport.
A Senate committee heard testimony Wednesday on a plan that would authorize up to $7.5 million of annual tax credits for air cargo exports.
The proposal is a scaled-back version of a bill that failed during a 2011 special session. Other elements of that doomed package also are back before the Legislature.
The Senate committee also heard testimony on a bill creating tax incentives for computer data centers.
And numerous people testified against a plan to reduce the amount of tax credits awarded for development of low-income housing and the renovation of historic buildings.
