State senator says Boeing shouldn’t get Missouri tax credits

News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

COLUMBIA, Mo. (AP) – A Missouri state senator says a company that employs about 15,000 people in the St. Louis area should be disqualified from receiving tax credits or investments because it is doing business with Iran.

St. Louis County Republican Sen. Eric Schmitt is pushing legislation to block Missouri tax funds from being invested in any company that does business with a country the U.S. State Department has designated as a state sponsor of terrorism.

The Columbia Daily Tribune reports that includes the Boeing Co., which has a deal to sell 80 passenger jets to Iran’s state-owned airline.

Missouri lawmakers passed an incentive package for Boeing worth $1.7 billion in 2013 to lure production of a new commercial airliner to the state.
___
Information from: Columbia Daily Tribune

FOX 2 Newsletters

Sign up for a newsletter from FOX 2 to get updates about news and weather. We offer daily headlines, breaking news, severe weather, and forecast emails.

Popular

Latest News

More News