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State Chamber Wants to Prevent Governor's Tax Plan

September 4, 2003
By: Josh Hinkle
State Capital Bureau

The State Chamber of Commerce is launching an effort against Governor Holden's latest tax proposal.

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State Chamber of Commerce officials say the governor's plan to stop some companies from avoiding taxes could be a mistake.

Chamber official Ray McCarty says not all companies should be denied the tax loophole and it's forcing the chamber to draft its own proposal.

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Contents: "IF FOR SOME REASON THE LEGISLATURE DOESN'T ACCEPT OUR LANGUAGE, WE WOULD HOPE THAT THEY WOULD NOT PASS THE GOVERNOR'S BECAUSE IT IS TOO BROAD. IT WOULD OVERSTEP AND OVERTAX MISSOURI COMPANIES THAT HAVE A LEGITIMATE BUSINESS PURPOSE."

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The Chamber is using information it gathered from state businesses for the new proposal.

McCarty says he hopes to present the proposal during next week's special session.