Manufacturing Exemption Protected by Associated Industries of Missouri
Senators last week gave first round approval to Senate Bill 8, the omnibus economic development legislation. After hard work by AIM staff and our members, the version taken up by the Senate did NOT include the erroneous language that would have dramatically reduced the benefit of the manufacturing inputs exemption passed in 2007. We thank our Senate leadership and members and colleagues for helping us turn back this language.
The Senate made several changes to the economic development bill, including eliminating around $300 million for the China Hub project.