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Aug. 6, 2012MO | By: Grady
Missouri Governor Jay Nixon has signed into law a house bill giving great tax break incentives to small businesses in the state.
Missouri small businesses with less than 50 employees can get a 10,000 dollar tax deduction for each new qualifying job they create if the job pays at least the county or state average wage. Small Businesses owners can receive a 20,000 dollar deduction for each new created job if that job offers health insurance with the employer paying 50 percent of the premium. Nodaway county Economic Development Director- Lee Langerock says Nodaway county business leaders can look at this new tax incentive and see how they can benefit.