New tax deduction for Missouri small businesses

Updated:

Missouri Governor Jay Nixon visited Joplin's Chamber of Commerce office to sign a new bill aimed at helping small businesses make new jobs.

The small businesses are classified as those with fewer than 50 employees.

To be eligible for the tax deductions small businesses must create jobs that employ workers for at least 52 weeks.

Governor Nixon says the tax deductions will cost about $6 million each fiscal year.

Find out how to claim the small business new jobs deduction.

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New tax deduction for Missouri small businesses - KOAM TV 7

New tax deduction for Missouri small businesses

Local NewsMore>>

Joplin Aids Oklahoma

Joplin Aids Oklahoma

Grove woman dead; man in hospital, following double shooting

Grove woman dead; man in hospital, following double shooting

Boat renters can expect high gas prices this weekend on the lake's as well

Boat renters can expect high gas prices this weekend on the lake's as well

Joplin Schools attorney says decision on teacher's status will be made within 14 days

Joplin Schools attorney says decision on teacher's status will be made within 14 days

Priority designation makes Iola contamination sites eligible for long-term funding

Priority designation makes Iola contamination sites eligible for long-term funding

$5 million renovation underway at Pittsburg State

$5 million renovation underway at Pittsburg State

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