Tagged: tax credits

The city of St. Louis once again plans to use tax credits to keep the headquarters of a major company in downtown.

Legislation that will be introduced at the Board of Aldermen on Friday gives Ralcorp $20 million in tax credits to upgrade and expand its headquarters at 8th and Market.

Updated at 6:29 p.m.

A Missouri House committee has dealt what could be a fatal blow to the passage of the wide-ranging tax credit bill that lawmakers have been battling over throughout the special legislative session.

The House Economic Development Committee adjourned for the day without taking it up for a vote, which means the full House cannot vote on it Friday unless it suspends the rules.  Chairwoman Anne Zerr (R, St. Charles) says the bill is just not ready to be voted on, as House and Senate negotiators are nowhere near an agreement.

The special legislative session called by Missouri Governor Jay Nixon (D) could end as soon as Friday without any legislation being passed.

House and Senate leaders continue to butt heads over what should and should not be included in the wide-ranging tax credit bill, and that includes the compromise version that House leaders announced that they’ve reached with the governor.  Senate President Pro-tem Rob Mayer (R, Dexter) says the chances of reaching a compromise by Friday look very slim.