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Missouri Gov. Jay Nixon has called lawmakers back to Jefferson City Monday. As Tim Lloyd tells us, the Governor is pushing for up to $150 million a year in tax credits and incentives for a chance to build Boeing’s new 777x passenger plane.
Nixon wants to put together the tax and economic incentives by expanding four existing programs.
Republican State Senator John Lamping says the opportunity is huge, but he wants to see the details.
“There’s a lot of work to be done just coming up to speed to understand what the governor’s proposing.”
And Lamping says he doesn’t want to add to the overall dollar amount of tax credits offered by the state.
So, he says, that could mean cuts to other incentives that encourage restoring historic buildings and constructing low income housing.
Lawmakers will have to work fast and they face plenty of competition.
Boeing wants proposals by Dec. 10 and several other states are also in the running.