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Feb. 19, 2019Jefferson City, MO |  By: AP

Business tax incentive program stalled at the Senate

A proposal to expand a Missouri tax incentive
program for businesses has passed the state House but is meeting pushback in the
Senate.

A bill to allow the Department of Economic Development to dole out tax credits
to businesses sooner passed the House 136-29 on Monday.

A similar proposal is stalled in the Senate.

Backers say the program would serve as a "closing fund" to attract and retain
businesses. The proposals would allow the Economic Development Department to
offer tax credits within a year of striking deals requiring businesses to meet
certain job creation metrics.

Currently, tax incentives are available after jobs are created and are spread
out over a period of years.

Some Senate Republicans criticized the program as corporate welfare and
questioned whether it's necessary.