A key lawmaker involved in negotiating an overhaul of Missouri's tax incentives says its prospects for passage appear "dismal" on the final day of the legislative session.
Republican House member John Diehl, of Town and Country, has been at the center of compromise attempts involving a bill that would curtail some of Missouri's existing tax credits. The bill also creates new credits intended to attract international trade, amateur sporting events and science and technology companies to Missouri.
Early this morning, the Missouri Senate gave first-round approval to a major overhaul of the state's tax credit system.
The wide-ranging bill would phase out numerous incentive programs while reducing others. Among those being partially eliminated is a tax break enabling low-income senior citizens to offset either property taxes or monthly rent payments. It's sponsored by GOP Senator Chuck Purgason of Howell County.