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Thursday, 27 February 2014 15:44

Missouri Senators pass "border war truce"

JEFFERSON CITY, Mo. (AP) - Missouri senators have passed legislation proposing a truce with Kansas in the battle for businesses in the Kansas City area.
 
The bill approved 30-2 Thursday would end offers of special tax incentives for businesses to relocate from one side of the border to the other in the metropolitan region.
 
The measure now goes to the Missouri House. But the truce also would need approval from the Kansas Legislature or governor to take effect.
 
Over the past five years, Missouri and Kansas have collectively waived hundreds of millions of dollars of tax revenues for businesses that moved across the state line.
 
The Missouri legislation would bar incentives for businesses moving between the Missouri counties of Jackson, Clay, Platte and Cass and the Kansas counties of Wyandotte, Johnson, Douglas and Miami.
 
Published in Local News
JEFFERSON CITY, Mo. (AP) - Missouri lawmakers appear ready to embrace a proposed truce with Kansas in a tax-break battle for businesses.
 
Missouri House and Senate committees each heard testimony Wednesday on legislation that would call for a moratorium on tax incentives for businesses in the Kansas City region relocating from one side of the state line to another.
 
The legislation would apply to businesses moving between the Missouri counties of Jackson, Clay, Platte and Cass and the Kansas counties of Wyandotte, Johnson, Douglas and Miami.
 
Missouri's bill says its moratorium will kick in as soon as Kansas takes a similar action. No one testified against it Wednesday.
 
A study by the Hall Family Foundation found that Kansas and Missouri have waived $217 million of taxes through two programs to shuffle businesses in recent years.
Published in Local News

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