Tagged: tax credits

Missouri’s special legislative session may, in effect, be over, following Monday's actions in the Missouri Senate.

First, the Senate rejected the House version of a wide-ranging tax credit bill, voting to send it back to the House and urging passage of the Senate version.  Then Senate leaders chose not to vote on a presidential primary bill, following a failed attempt to swap it out with an alternate version that would have replaced the primary with county-level caucuses.

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.

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).