tax credits

Government
9:55 am
Wed June 12, 2013

Missouri Governor Campaigns Against Vetoed Tax Credit Bill

Missouri Governor Jay Nixon, a Democrat, addresses higher education officials in Jefferson City on June 11th, 2013.
Marshall Griffin St. Louis Public Radio

Governor Jay Nixon has launched a major public effort to support his veto last week of a bill that would have cut Missouri's individual and corporate income taxes.

The Democratic Governor appeared before college and university officials Tuesday morning in Jefferson City, telling them that the GOP-backed proposal is the single greatest threat to public education he's seen in his career.

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Government
8:42 am
Wed May 15, 2013

Nixon Vetoes Bill That Would Eliminate Tax Break For Elderly Renters

Missouri Governor Jay Nixon
KCUR

Missouri Governor Jay Nixon, a Democrat, has vetoed legislation that would eliminate a tax credit for elderly Missourians who rent their homes.

House and Senate Republicans voted to do away with the so-called "Senior Citizens Circuit Breaker" as a means of shoring up funding for the First Steps program, which aids children with developmental disabilities. 

In his veto letter, Nixon voiced disapproval of using money designated for seniors for other purposes, and stated that the bill contained no tax credit reforms. 

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Government
9:35 am
Thu April 4, 2013

Health Club Bill Stalls in Kansas Statehouse Committee

The tax conference committee meets Wednesday.
Stephen Koranda Kansas Public Radio

A bill that would exempt private health clubs and gyms from property taxes Kansas has stalled in a committee. The measure has prompted hundreds of emails to lawmakers about the issue.

The conference committee working on tax issues decided not to take up the health club measure. Supporters of the bill, including health club owners, say they face competition from tax-free organizations like the YMCA and publicly owned health clubs.

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Government
9:40 am
Thu March 14, 2013

Mo. Gen. Assembly Sends Benevolent Tax Credits Bill To Gov. Nixon

A rack of US Department of Agriculture bonus commodities is empty at the Saint Louis Area Food Bank’s warehouse in Earth City.
Tim Lloyd St. Louis Public Radio

Two sets of tax credits were passed by Missouri lawmakers Wednesday and sent to Governor Jay Nixon (D).

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Government
9:39 am
Fri March 1, 2013

Missouri Senate Moves To Lower Tax Credits

The Missouri Senate has passed a wide-ranging tax credit bill that drastically lowers the caps on Historic Preservation and Low Income Housing programs.  It would cap Historic Preservation incentives at $50 million a year, instead of the current $140 million, and Low Income Housing incentives would be capped at $55 million a year, instead of the current $190 million. 

The bill is now in the hands of the Missouri House, where Speaker Tim Jones has indicated that he and other House leaders don’t like the drastic cuts.

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Government
10:09 am
Thu February 28, 2013

Angel Investment Tax Credit Measure Being Considered By Mo. Senate Committee

jimmywayne Flickr

Supporters of creating a so-called “Angel Investment” tax credit in Missouri testified in favor of legislation Wednesday before a State Senate committee.

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Government
9:18 am
Wed February 27, 2013

Missouri Senate Works Late On Tax Credit Bill

Missouri State Capitol building.
wikimedia commons

The Missouri Senate spent several hours Tuesday night working on a wide-ranging tax credit bill, which they gave first-round approval to around 3:20 Wednesday morning.  The Senate bill would drastically cut incentives for Historic Preservation and low income housing.

Historic Preservation tax credits would be capped at $45 million  a year, instead of the current $140 million, and low income Housing incentives would be capped at $50 million a year. 

The bill is sponsored by Republican Senator Eric Schmitt of St. Louis County.

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Government
9:45 am
Fri February 8, 2013

Missouri House Passes Benevolent Tax Credits Bill

jimmywayne Flickr

The Missouri House has passed legislation that would revive three benevolent tax credit programs that expired last year, but there were a couple of dissenters who had a problem with incentives going to crisis pregnancy centers.

Democrats Judy Morgan of Kansas City and Stacey Newman of St. Louis County cast the only “no” votes.  Newman said the pregnancy centers in question are operated by anti-abortion groups that are spreading false information about the issue.

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Government
9:27 am
Fri February 1, 2013

Missouri Senate More Open To Tax Credits

jimmywayne Flickr

The Missouri Senate passed two sets of tax credit legislation.  So far this year, the Senate may no longer be the place where tax credits go to die.

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Government
11:10 am
Fri December 7, 2012

Wind Energy Could Fall Off Fiscal Cliff

humanevents.com

U.S. Representative Mike Pompeo says the fate of a wind energy tax credit could be tied to the so-called fiscal cliff negotiations.

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Government
10:11 am
Tue December 4, 2012

Lawmakers Seek Tax Credit & Lobbying Reforms

Missouri Capitol in Jefferson City.

Missouri lawmakers in both chambers are pre-filing bills for next year’s regular session.  Much of the legislation pre-filed in the State Senate so far deals with tax credits.

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Headlines
7:42 am
Tue February 7, 2012

Top Of The Morning News: Tuesday, February 7, 2012

A daily digest of headlines from KCUR.

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