Tax Incentives

In 2017, 66 projects were approved for tax incentives. That number dwindled to 11 in 2023.

Missouri Gov. Mike Parson says he's not worried about Kansas' effort to poach the Kansas City Chiefs and Royals. But, he says Missouri will put together its own offer — if the teams make information public beforehand about their proposed stadium locations and costs.

The legislation is an expansion of one of the state’s tax incentive programs and could help finance up to 70% of the cost for one or both teams to build a new stadium in Kansas.

Missouri House Majority Leader Jon Patterson called the Kansas legislation a "wakeup call" and anticipates lawmakers will craft a response to keep the two teams.

STAR bonds, or sales tax and revenue bonds, pay for tourist attractions and then use the sales taxes collected at those attractions to pay off the construction debt.

‘Do you really want to put that type of an economic generation in the hands of the state of Missouri?’ said one Kansas House member.

The Salem Republican has taken criticism from both parties for his work on the Tax Relief for American Families and Workers Act.

One member of the St. Louis County Council called the Boeing request for a $155 million tax abatement on the company’s proposed $1.8 billion investment “tone-deaf timing.” It comes just weeks after the council voted against freezing property taxes for seniors.

A wave of new city leaders are hoping to change the way the city uses tax incentives to do business with developers.

The Major League Soccer ownership group is one step closer to securing the public financial aid it's seeking to construct a stadium in downtown St.…