JEFFERSON CITY - The House Economic Development Committee spent less than five minutes on a measure to deny tax cuts for the now-departed Rams football team.The bill sponsored by Rep. Anne Zerr, R-St. Charles, would prohibit any professional sports team owner that abandons a publicly funded facility any government incentives or local funding from Missouri until all expenses of the facility are repaid before Missouri Legislature.
"The state of Missouri is on the hook now until 2021 for between $10 and $12 million per year", Zerr said at the committee hearing on Tuesday, Feb. 23. "It's a lot of revenue we lost."
If this bill is passed, Stan Kroenke, as owner of the Saint Louis Rams would be denied any new tax cuts in the state of Missouri until the stadium's construction fees are fully paid.
Nobody testified in opposition of the measure.
After the hearing, the bill's sponsor acknowledged the measure had little chance of clearing the legislature.
The committee did not take an immediate vote on the bill.