St Louis Senator Eric Schmitt wants to offer tax breaks for sporting event hosts, and St. Louis sports commission members agree.
Wrap: Tax credit bills for amateur sporting events failed the last two years, but Schmitt says this one is different.
|Description: "It gets at what we're really trying to get at. Bringing these events to our state, to generate revenue, not just for the state, but also those businesses that support these kind of events."|
A St. Louis Senator says Missouri has fallen behind other states in hosting sporting events, but tax breaks for the hosts can help catch up.
Wrap: St. Louis Senator Eric Schmitt says Missouri needs to level the playing field with states that already offer tax breaks to sports commissions hosting events, like Texas and Ohio.
Schmitt filed a bill that would grant these kind of tax breaks for Missouri sports commissions.
St. Louis Sports Commission chair Dave Peacock says tax credits are a major reason for other states jumping Missouri in hosting events like the Final Four.
|Description: "It's not an accident that Texas is picking up three of four Final Fours."|
Schmitt says amateur sporting events would not only help cities throughout Missouri, but also businesses.
Reporting from the state Capitol, I'm Brendan Cullerton.