Thanks to the strong leadership of Representative David Pearce (R-121, Warrensburg), the omnibus economic development bill, HB 2058, passed the Missouri House today on a strong bipartisan vote. The voice vote approving the bill was nearly unanimous. The bill was amended by Rep. Pearce to remove the Missouri Quality Jobs funding limitation entirely, changed the administration of the Angel Investment Tax Credit to DED from the Missouri Technology Corporation and added a property tax provision from Rep. Tim Flook (R-34, Liberty) that lowers real property taxes on land around the KC airport that may potentially be used by a large new development. This was the only amendment to the bill and the amendment was also overwhelmingly approved on a roll-call vote by a vote of 122-18.
UPDATE 4-23-08: The House bill passed the House and was referred to the Senate Economic Development Committee. The Senate bill has passed the Senate, was referred to the House Special Committee on Job Creation and Economic Development and will have a hearing 4-24-08. The cap on Quality Jobs is $60 million in the Senate version.
