A multi-million dollar tax break proposal that could bring Boeing to Missouri gets one step closer to being finalized Wednesday afternoon.
Wrap: After just five hours in session, the Missouri Senate passed the Boeing tax break proposal Wednesday afternoon.
St. Louis County Senator Eric Schmitt says he is proud of what the Senate accomplished.
|Description: "I think we were deliberative, I think we worked together, and we did what people expect and we were doing it for jobs."|
A tax break plan that would give Boeing up to 150 million dollars in annual incentives is one step closer to reality.
Wrap: Despite arguments for broad-based tax relief, the Boeing tax break proposal survived the Senate and moves to a House committee Thursday.
Maryville Senator Brad Lager opposed the Boeing bill and says this plan is not a long term solution for economic prosperity in the Show-Me state.
Bill sponsor, St. Louis County Senator Eric Schmitt says this proposal will create thousands of jobs if Boeing picks Missouri.
|Description: "Our proposal that we are moving forward here in the legislature would allow us to compete for all of it, but it's possible that we might just get the wing or, you know. Either way we're talking about a significant number of jobs."|
The bill passed with a 23 to 8 vote.