Missourinet took a look at potential 2019-2020 legislation, check out to full report here.
Long before the new Missouri Legislative session begins in January, lobbyists, lawmakers and activists begin to rally around their respective bills. Here are a few that may live to see another day (or live in another version) in Jefferson City in 2020.
Film Tax Credits could bring in millions to Missouri, but they have not been used since 2012, when the incentive to the movie industry expired. The bill got some debate in both the House and Senate in 2019, as lawmakers lamented money lost to Georgia (no limit to tax credits) while on-demand film companies like Netflix are spending billions on new content. Read more here.
Why did it fail?
Tax incentives face a fight from the six-person Conservative Caucus in the state Senate fundamentally opposes rewarding private companies with taxpayer money. Despite that, film credits were overshadowed by a much larger tax credit bill brought in by Governor Parson in the final weeks of the session in order to land a GM automotive manufacturing expansion in Wentzville.
Senate bill sponsor Denny Hoskins says he’ll try again. He’s a member of the Conservative Caucus, but says he’s tired of film projects (set in Missouri) going to other red states–bringing jobs, tourism and local spending in return for a cap of $5 million from the state.