Tagged: tax credits

Updated 5:14 p.m.

The Missouri House has passed its version of a wide-ranging tax credit bill.

It does not place expiration dates, or sunsets, on historic preservation and low income housing tax credits, as demanded by the Senate.  Instead, House GOP leaders hope to mollify the Senate with a new proposal:  All tax credit programs would come up for review every four years and be subject to a renewal vote by the General Assembly.  The measure is sponsored by House Budget Chairman Ryan Silvey (R, Kansas City).

Missouri House leaders have confirmed they’re returning to Jefferson City next week to resume the special legislative session -- but their return doesn’t mean that there’s been any breakthrough on an economic development deal.

The special session ground to a halt last week because House and Senate leaders could not agree on whether to place expiration dates, or sunsets, on historic preservation and low-income housing tax credits, or on how much oversight Governor Jay Nixon’s (D) Economic Development department should have over some incentives.