- Associated Press - Wednesday, April 27, 2016

JEFFERSON CITY, Mo. (AP) - In a story April 25 about the Missouri Senate passing a package of tax incentives for small businesses, The Associated Press erroneously reported that it would require the Legislature to sign off on most regulations proposed by state agencies. The bill would require state agencies to certify that new regulations wouldn’t adversely affect small businesses or are meant to protect the public’s health or safety.

A corrected version of the story is below.

Missouri Senate passes tax incentives for small businesses

The Missouri Senate has passed a package of tax incentives and regulatory exemptions for small businesses

JEFFERSON CITY, Mo. (AP) - The Missouri Senate has passed a five-year extension to a package of tax incentives for small businesses.

Senators voted 27-4 Monday to pass the legislation, known as the Big Government Get Off My Back Act. The House passed a version of the bill earlier this year.

Businesses with fewer than 50 employees would be able to claim a $10,000 tax deduction for each job they create that pays above their county’s average wage. The business could claim a $20,000 deduction if it also includes health insurance.

The measure would also require state agencies to certify that new regulations won’t adversely affect small businesses or are to protect the public’s health or safety.

Republican Sen. Will Kraus added a provision allowing small businesses to ask for exemptions from participation in federal work authorization programs if the businesses say the checks are costing too much.

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