Fulton, MO 66° View Live Radar Mon H 69° L 56° Tue H 78° L 59° Wed H 87° L 71° Weather Sponsored By:

Missouri House tries again at $50M GM tax incentive

Missouri House tries again at $50M GM tax incentive

May 14th, 2019 by Associated Press in Missouri News

JEFFERSON CITY (AP) — Missouri lawmakers are taking another shot at an incentives package offering General Motors up to $50 million to expand an eastern Missouri plant that makes trucks and vans.

The Republican-led House on Monday passed a new tax credit plan as Republicans in the Senate railed against the earlier proposal.

At issue is an effort to pair the tax credits for GM with another tax incentive program and a new scholarship. Both are among Gov. Mike Parson's top priorities this session.

But lawmakers in the House and Senate conservative caucuses have derided those programs as offering free college and creating a slush fund.

The latest proposal doesn't include those programs. Lawmakers face a Friday deadline to pass bills.