tax credits

Mo. Special session
7:29 pm
Tue October 11, 2011

Mo. special session may end next week

Mo. Senate President Pro-tem Rob Mayer (R, Dexter) speaks to reporters about the ongoing special legislative session.
(Marshall Griffin/St. Louis Public Radio)

The full Missouri Senate is set to convene next week, October 17th, to make one last attempt at reaching an agreement on a wide-ranging economic development bill.

The biggest sticking point remains whether to place 7-year expiration dates, or sunsets, on low income and historic preservation tax credits.  The Missouri House removed the sunsets before passing the bill last week, a move opposed by the Senate.

President Pro-tem Rob Mayer (R, Dexter) says he’ll ask the Senate to vote to appoint conferees, who would meet with House leaders and try to hammer out a final version of the bill.

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Missouri House / Tax Credits
1:45 pm
Thu October 6, 2011

Economic development bill passes, more tax credit action in Mo. House

An interior view of the Missouri Capitol building in Jefferson City, Mo.
(via Flickr/jennlynndesign)

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).

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MO Statehouse / Special Session
12:12 pm
Thu September 29, 2011

Missouri House to vote on jobs bill next week

The Missouri State Capitol building in Jefferson City, Mo.
(Marshall Griffin/St. Louis Public Radio)

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.

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MO Statehouse
5:23 pm
Mon September 26, 2011

Mo. special session in limbo

Mo. Capitol
(Marshall Griffin/St. Louis Public Radio)

Lawmakers have left Jefferson City and are not scheduled to return, even though the special session is still officially underway.  House and Senate leaders are still at odds over a wide-ranging tax credit bill.

The only legislative action so far this week was Monday’s technical session in the Missouri Senate, in which two Senators gaveled the chamber in, took no action, then gaveled out about a minute later.  The House is scheduled to hold a similarly brief session on Thursday.

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Mo. Special session
5:32 pm
Fri September 23, 2011

Mo. special session lives on, but lawmakers remain divided

Mo. Capitol
(Marshall Griffin/St. Louis Public Radio)

The special legislative session in Missouri did not come to an end today, despite warnings from House and Senate leaders that they would go home if an agreement on a wide-ranging tax credit bill wasn’t reached by today's adjournments.

Instead, both chambers will hold technical sessions, where just a handful of lawmakers gavel in for a few minutes and then adjourn.  Senate President Pro-tem Rob Mayer (R, Dexter) says his chamber will only meet in technical sessions until an agreement is reached on tax credits, or until time runs out in early November, whichever comes first.

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Ralcorp renovations
4:31 pm
Thu September 22, 2011

City to use tax credits to retain Ralcorp

(via Flickr/The Cleveland Kid)

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.

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tax credit battle
2:33 pm
Thu September 22, 2011

Mo. House, Senate attempting 11th hour tax credit deal

Mo. Capitol
(Marshall Griffin/St. Louis Public Radio)

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.

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Mo. special session falling apart
11:39 pm
Wed September 21, 2011

Mo. Special session may end Friday with nothing passed

Mo. Capitol
(UPI/Bill Greenblatt)

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.

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Special session
11:53 am
Wed September 21, 2011

Mo. House leaders announce "compromise" on tax credit bill

Missouri House leaders have announced "a compromise proposal" on the tax credit bill that's become stalled during the ongoing special legislative session.

In a press release issued today, State Representatives John Diehl (R, Town and Country) and Anne Zerr (R, St. Charles) said that they had worked with Governor Jay Nixon (D) on crafting an alternate proposal.  However, the press release contains no details on what's in it.  Zerr says she cannot disclose what's in the compromise because it's still being worked on.

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Aerotropolis cuts
11:43 am
Tue September 13, 2011

Mo. Senate scales back "Aerotropolis" credits, local control debate looms

In Jefferson City, state Senate Republicans have stripped $300 million in tax credits from the so-called "Aerotropolis" bill
(UPi/Bill Greenblatt)

Updated 9:39 a.m. Sept. 14

A smaller version of the wide-ranging tax credit bill received first-round approval Tuesday in the Missouri Senate.  GOP Senate leaders realized there was not enough support within their own caucus for passing $360 million in air cargo incentives, not to mention a threatened filibuster. 

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