Tax Credits for Businesses Ordered to Close are Being Debated at the Capitol
March 26, 2021 6:52AM CDT
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.