Missouri lawmakers are advancing a bill to provide tax incentives to sports teams in a bid to keep the Kansas City Chiefs and Royals in town.
The “Show-Me Sports Investment Act” passed the Missouri House of Representatives Tuesday.
The bill provides a number of incentives intended to help keep the two teams in the state, whether in the city or the suburbs. Missouri is trying to preempt a move by both teams to Kansas, after the state passed a law creating massive amounts of funding for new stadiums on the other side of the Missouri River.
“The state of Missouri…may, upon such terms and with reasonable consideration as it may determine, subject to appropriation, expend funds for the purpose of aiding and cooperating in the planning, undertaking, financing, or carrying out of an athletic and entertainment facility project for which application is made to [the state],” the bill’s text states….