Gov. Jay Nixon signs tax credit legislation for sporting events

1:58 PM, Mar 29, 2013   |    comments
Gov. Jay Nixon. Photo credit: MIRA OBERMAN/AFP/Getty Images.
  • Share
  • Print
  • - A A A +

JEFFERSON CITY, Mo. (AP) - Gov. Jay Nixon has signed legislation authorizing tax incentives for big-time sports events and some charitable donations.

Nixon highlighted his support for the charitable tax breaks by traveling to a food bank in Cape Girardeau on Friday. He signed the sports incentives without comment.

The sports legislation authorizes up to $3 million of tax credits annually for organizations that host amateur sporting events such as NCAA tournaments or Olympic trials. Lawmakers hope the cash will help Missouri compete with other states.

The other bill reinstates tax credits for donations to food pantries, child advocacy centers and pregnancy resource centers that had expired in recent years. Nixon says the tax credits can leverage private donations to help "our most vulnerable citizens."

Both bills were passed by the Legislature on March 13.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

Most Watched Videos