Missouri’s special legislative session begins today and is focused primarily on an overhaul of Missouri’s tax credits. The plan would eliminate existing tax breaks for low-income seniors and disabled residents who live in rented homes. New incentives would be created for international cargo shippers at the St. Louis airport, computerized data centers, science and technology companies and the organizers of major amateur sporting events.
A Missouri tax break benefiting poor disabled and elderly people who live in rental housing could be on the chopping block when lawmakers convene Tuesday in a special session. The elimination of the tax break for renters is projected to save the state $855 million over the next 15 years.
Some lawmakers hope to redirect that money for new tax breaks intended to lure Chinese cargo planes to the St. Louis airport and more businesses to Missouri.
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.