The economic development deal struck by lawmakers will cut one of Missouri’s most popular tax credits nearly in half.
The deal between House and Senate leaders would cut the amount of Historic Preservation tax credits issued each year from $140 million down to $80 million.
Ruth Keenoy with the non-profit Landmark Associates of St. Louis, Inc., says the smaller cap would be detrimental to Missouri’s economy. She wants the incentives to be left as-is.
Updated 3:46 p.m.
St. Louis business leaders are praising a move by state lawmakers and the governor to take up a broad-ranging package of economic incentives.
Governor Nixon announced Thursday that he will call a special session in September to talk address jobs and economic development
Chief among the package is $360 million in tax incentives for Lamber-St. Louis International Airport.
Updated 5:26 p.m. with further detail and comment from lawmakers
Updated 2:24 p.m. with statement from office of Gov. Nixon on special session
A statement issued today from Scott Holste, a spokesperson for Mo. Gov. Jay Nixon, announces that the governor will call the Missouri legislature into special session.
The date of the special session has not been determined.
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