Missouri officials look to gain from Illinois tax increases - KMOV.com

Missouri officials look to gain from Illinois tax increases

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Illinois Gov. Pat Quinn delivers his inaugural address after taking the oath of office during inaugural ceremonies Monday, Jan. 10, 2011 in Springfield, Ill.  (AP Photo/Seth Perlman) By Seth Perlman Illinois Gov. Pat Quinn delivers his inaugural address after taking the oath of office during inaugural ceremonies Monday, Jan. 10, 2011 in Springfield, Ill. (AP Photo/Seth Perlman) By Seth Perlman
**CORRECTS LOCATION TO SPRINGFIELD, NOT CHICAGO** Illinois Gov. Pat Quinn delivers his inaugural address after taking the oath of office during inaugural ceremonies Monday, Jan. 10, 2011 in Springfield.  (AP Photo/Seth Perlman) By Seth Perlman **CORRECTS LOCATION TO SPRINGFIELD, NOT CHICAGO** Illinois Gov. Pat Quinn delivers his inaugural address after taking the oath of office during inaugural ceremonies Monday, Jan. 10, 2011 in Springfield. (AP Photo/Seth Perlman) By Seth Perlman
**CORRECTS LOCATION TO SPRINGFIELD, NOT CHICAGO**  Illinois Gov. Pat Quinn delivers his inaugural address after taking the oath of office during inaugural ceremonies Monday, Jan. 10, 2011 in Springfield.  (AP Photo/Seth Perlman) By Seth Perlman **CORRECTS LOCATION TO SPRINGFIELD, NOT CHICAGO** Illinois Gov. Pat Quinn delivers his inaugural address after taking the oath of office during inaugural ceremonies Monday, Jan. 10, 2011 in Springfield. (AP Photo/Seth Perlman) By Seth Perlman

JEFFERSON CITY, Mo. (AP) -- Missouri business and government officials hope to capitalize on a neighboring state's decision to raise taxes.
  

Illinois legislators voted Wednesday to increase personal income taxes 66 percent and raise corporate taxes to help close a budget hole that could hit $15 billion.
  

The Missouri Chamber of Commerce and Industry says it's looking for ways to help Missouri take advantage of Illinois' tax increases.
  

And Missouri lawmakers see potential to attract new businesses.
  

House Republican Denny Hoskins, of Warrensburg, says the Illinois tax increases could help Missouri recruit new companies. A House committee Wednesday took up Hoskins' bill to offer small businesses a tax deduction for hiring new employees.
  

(Copyright 2011 by The Associated Press.  All Rights Reserved.)
 

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