Tagged: amateur sporting events

Legislation that would provide tax breaks for amateur sporting events held in Missouri has become the first one sent to Governor Jay Nixon (D) during the 2013 regular session.

The incentives would equal about $5 per ticket sold, and they would be capped at $3 million a year.  It was sponsored by State Senator Eric Schmitt (R, Glendale).

It appears so far that the Missouri Senate may no longer be the place where tax credits go to die.

In years past, proposed incentives for such things as historic preservation or amateur sporting events would have faced a filibuster threat from a group of fiscally conservative Republicans in the Senate.  But the leaders of that group are gone due to term limits, and perhaps that’s why this year’s amateur sports incentives bill was allowed to receive a Senate floor vote.  State Senator Will Kraus (R, Lee’s Summit) says the atmosphere has changed.

The Speaker of the Missouri House has thrown cold water on a scaled-back tax credit reform measure passed Wednesday by the Senate.