Tax Credits Under China Hub Plan Heads for Missouri House
JEFFERSON CITY, MO. (KMOX) – China Hub is back at the state capitol.
The House committee on economic development unanimously passed the tax credits for freight forwarders, which was part of the China Hub proposal last legislative session.
Bill Sponsor, St. Louis County Representative Mike Leara says it’s designed to attract businesses to ship their products out of St. Louis rather than Midwest competitors like Chicago.
“I believe this is the igniter to creating this type of business out of our airport.” said Rep. Leara.
The tax credits would have a cap of 60 million dollars over eight years.
The bill now moves on to the House floor.
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