Governor Jay Nixon (D) has reconvened his tax credit review commission to again examine which incentives need to be eliminated or further capped.
In 2010 the same commission recommended sun-setting 28 tax credit programs and capping 33 others. At the time the commission said the move would save the state $220 million. Former Republican State Senator Chuck Gross of St. Charles again chairs the commission.
Both Democratic Governor Jay Nixon and Republican legislative leaders estimate it’ll take no more than two weeks to debate and pass bills dealing with a dozen issues, including air cargo tax credits, social media communications between teachers and students, and local control of the St. Louis Police Department.
Before leaving today for Kansas City, Marceline and St. Louis, he met with reporters in his State Capitol office. He told them passing the incentives are crucial for job creation, but that the overall number of tax breaks also needs to be reined in.