Weather Alert

Tax Credits for Businesses Ordered to Close are Being Debated at the Capitol

Businesses ordered to close for pandemics or other states of emergency could receive tax credits worth up to $50,000 per year under a proposal being considered by Missouri lawmakers.

The St. Louis Post Dispatch reports House Majority Leader Dean Plocher, (R-Des Peres) has outlined the still-evolving plan as part of a sometimes angry reaction by Republican lawmakers to the government-imposed shutdowns designed to slow the spread of Covid-19. The plan would allow a state tax credit on a business owner’s local tax liability if a business is forced to close for more than 14 days because of an official emergency declaration by the governor.

Connect With Us Listen To Us On