YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Missouri lawmakers yesterday approved a tax incentive package for General Motors.
The decision followed a 27-hour filibuster by fellow Republicans who were opposed to part of the bill. Specifically, a portion of the bill allows for upfront tax breaks to businesses before they complete planned expansions or hire more employees.
GM was approved for up to $50 million in tax credits over 10 years if it invests $750 million expanding its truck and van plant in Wentzville.
Read more from The Associated Press.
The city of Springfield is asking voters to approve a three-quarter-cent sales tax in the Nov. 5 general election.