tax credit http://kbia.org en Kinder wants Housing Commission to discuss low-income tax credits http://kbia.org/post/kinder-wants-housing-commission-discuss-low-income-tax-credits <p></p><p>Lt. Gov. Peter Kinder wants a Missouri housing commission to meet next week to consider awarding tax credits to developers.</p><p>The Missouri Housing Development Commission postponed the approval of millions of dollars of tax credits for low-income housing at its December meeting. Fri, 10 Jan 2014 15:08:59 +0000 Associated Press 46468 at http://kbia.org Kinder wants Housing Commission to discuss low-income tax credits Kinder, Black Caucus Up Ante In Low-Income Housing Fight With Nixon http://kbia.org/post/kinder-black-caucus-ante-low-income-housing-fight-nixon <p style="margin-left:.5in;">State Sen. Jamilah Nasheed, chair of the Missouri General Assembly’s Black Caucus, is threatening to block Senate action on several of Gov. Jay Nixon’s key appointments because of the governor’s action to delay state tax breaks for several low-income housing projects.<p style="margin-left:.5in;">Lt. Gov. Peter Kinder, a Republican, joined Nasheed and several St. Tue, 24 Dec 2013 14:08:36 +0000 Jo Mannies 45747 at http://kbia.org Kinder, Black Caucus Up Ante In Low-Income Housing Fight With Nixon Lawmakers approve bid to attract Boeing to Missouri http://kbia.org/post/lawmakers-approve-bid-attract-boeing-missouri <p></p><p><strong style="margin: 0px; padding: 0px; border: 0px; font-size: 15px; vertical-align: baseline; color: rgb(51, 51, 51); font-family: Georgia, Times, serif; line-height: 22px;">Watch the show and join the conversation on the&nbsp;<a href="http://intersectkbia.weebly.com/" style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; color: rgb(12, 76, 162);">Intersection website.</a></strong><span style="color: rgb(51, 51, 51); font-family: Georgia, Times, serif; font-size: 15px; line-height: 22px;">&nbsp;</span></p><p></p><p> Tue, 10 Dec 2013 00:04:49 +0000 Rehman Tungekar 45017 at http://kbia.org Lawmakers approve bid to attract Boeing to Missouri Mo. tax credit market shifts away from real estate http://kbia.org/post/mo-tax-credit-market-shifts-away-real-estate <p></p><p>State officials say a market shift is behind the recent decline in real-estate related tax credits redeemed by Missouri businesses and individuals.</p><p>The state Revenue Department reports a $103 million overall annual decline in tax credits cashed in the fiscal year that ended in June. That includes a $55 million plunge in the historic preservation tax credit and another $20 million drop in the low-income housing credit.</p> Fri, 06 Sep 2013 21:49:04 +0000 Associated Press 40106 at http://kbia.org Mo. tax credit market shifts away from real estate Mo. authorizes $7M of tax credits before deadline http://kbia.org/post/mo-authorizes-7m-tax-credits-deadline <p style="color: rgb(51, 51, 51); font-family: Verdana, Helvetica, Arial, sans-serif, Geneva; font-size: 11px; line-height: 15px;">Missouri authorized more than $7 million of additional tax credits shortly before the expiration of a program aimed at redeveloping large impoverished or blighted areas.</p><p> Mon, 02 Sep 2013 13:01:45 +0000 Associated Press 39816 at http://kbia.org Mo. authorizes $7M of tax credits before deadline Dozens of new Mo. laws take effect Wednesday http://kbia.org/post/dozens-new-mo-laws-take-effect-wednesday <p><span style="line-height: 1.5;">Dozens of new state laws take effect in Missouri on Wednesday.&nbsp;&nbsp;</span></p><p> Tue, 27 Aug 2013 21:45:26 +0000 Associated Press & Marshall Griffin 39526 at http://kbia.org Dozens of new Mo. laws take effect Wednesday Missouri historic preservation tax credits are down http://kbia.org/post/missouri-historic-preservation-tax-credits-are-down <p style="line-height:250%">&nbsp;</p><p style="line-height:250%"><span style="font-size:11.0pt;line-height:250%">&nbsp; &nbsp;The amount of historic preservation tax credits authorized in Missouri has dropped for the fourth consecutive year. The St. Louis Post-Dispatch reports that Missouri only authorized $93.9 million in credits during the 2013 fiscal year. That is about a $5 million decrease from the previous fiscal year. </span></p> Wed, 17 Jul 2013 21:45:02 +0000 Alexandra Olgin & Associated Press 37266 at http://kbia.org Missouri historic preservation tax credits are down Tax credit overhaul a no-go this session http://kbia.org/post/tax-credit-overhaul-no-go-session <p></p><p>Missouri senators have given up their attempt to pass an overhaul of the some of the state's tax credit programs for businesses and developers.</p><p>Supporters of the bill set it aside Friday after Republican Sen. Brad Lager, of Savannah, spoke against it for an hour in a filibuster that could have otherwise continued until the session's mandatory end at 6 p.m. The legislation would have created tax incentives for international air cargo exports, computer data centers and investors in startup technology companies. Fri, 17 May 2013 20:09:13 +0000 Associated Press 33949 at http://kbia.org Tax credit overhaul a no-go this session Nixon vetoes bill that would eliminate tax break for elderly renters http://kbia.org/post/nixon-vetoes-bill-would-eliminate-tax-break-elderly-renters <span style="line-height: 1.5;">Governor Jay Nixon (D) has vetoed legislation that would eliminate a tax credit for elderly </span>Missourians<span style="line-height: 1.5;"> who rent their homes.</span><p><span style="line-height: 1.5;">House and Senate Republicans voted to do away with the so-called "Senior Citizens Circuit Breaker" as a means of shoring up funding for the First Steps program, which aids children with developmental disabilities.&#160; In his veto letter, Nixon voiced disapproval of using money designated for seniors for other purposes, and stated that the bill contained no t Wed, 15 May 2013 13:29:44 +0000 Marshall Griffin 33772 at http://kbia.org Nixon vetoes bill that would eliminate tax break for elderly renters Mo. House endorses tax break for gun manufacturers http://kbia.org/post/mo-house-endorses-tax-break-gun-manufacturers <p>Firearms manufacturers looking to relocate to Missouri could collect a tax credit under a bill given first-round approval by the Missouri House.</p><p>The tax incentive endorsed Tuesday would expire in six years and be capped at $3 million annually. Gun and ammunition manufacturers would be able to claim the credit on withholding taxes from creating new jobs.</p> Wed, 01 May 2013 18:31:04 +0000 Associated Press 32983 at http://kbia.org Mo. House endorses tax break for gun manufacturers Mo. House backs tax credits overhaul http://kbia.org/post/mo-house-backs-tax-credits-overhaul <p>The Missouri House has backed a tax credit overhaul that is sharply different from a Senate version.<br>A bill given initial approval 120-31 Wednesday night would set much higher caps than the Senate on the amount of tax credits that can be approved annually for the renovation of historic buildings and development of low-income housing.</p><p>Unlike a bill passed previously by the Senate, the House version would combine several existing business incentives into a new program with greater flexibility for state economic development officials to award tax credits.</p> Thu, 18 Apr 2013 13:52:20 +0000 Associated Press 32259 at http://kbia.org Mo. House backs tax credits overhaul Mo. House panel endorses ending renter tax credit http://kbia.org/post/mo-house-panel-endorses-ending-renter-tax-credit <p>The Missouri House Budget Committee has advanced legislation to abolish a tax credit of up to $750 a year for low-income seniors and disabled people who live in rental housing. Wed, 10 Apr 2013 20:44:50 +0000 Associated Press 31814 at http://kbia.org Mo. House panel endorses ending renter tax credit Mo. House measures would reduce corporate income taxes http://kbia.org/post/mo-house-measures-would-reduce-corporate-income-taxes <p>Missouri House members have approved a trio of measures that would reduce taxes for some businesses. Wed, 27 Mar 2013 21:14:56 +0000 Associated Press 31089 at http://kbia.org Mo. House measures would reduce corporate income taxes Mo. Gen. Assembly Sends Benevolent Tax Credits Bill To Gov. Nixon http://kbia.org/post/mo-gen-assembly-sends-benevolent-tax-credits-bill-gov-nixon Two sets of tax credits were passed by Missouri lawmakers Wednesday and sent to <a href="http://gov.mo.gov/">Governor Jay Nixon</a> (D).<p>One measure would restore and renew several benevolent tax credit programs, including incentives for food pantries, widowed survivors of slain law enforcement officers, and crisis pregnancy centers.&#160;&#160;<a href="http://house.mo.gov/member.aspx?year=2013&#38;district=065">State Representative&#160;Anne Zerr</a> (R, St. Thu, 14 Mar 2013 13:25:52 +0000 Marshall Griffin 30388 at http://kbia.org Mo. Gen. Assembly Sends Benevolent Tax Credits Bill To Gov. Nixon Mo. Senate panel to hold hearing on tax credits http://kbia.org/post/mo-senate-panel-hold-hearing-tax-credits <p>A Missouri Senate committee is set to review the state's numerous tax credit programs and their impact on the state budget.</p><p>The Senate Appropriations Committee scheduled a hearing Monday on tax credits before it takes up Gov. Jay Nixon's proposed budget for the 2014 fiscal year.</p><p>The 61 tax credit programs currently offered by Missouri cost the state nearly $630 million in the latest fiscal year. Last week, the Senate approved another one, with an estimated yearly cost of $3 million, to attract amateur sporting events to the state.</p> Mon, 04 Feb 2013 14:13:27 +0000 Associated Press 28292 at http://kbia.org Mo. Senate panel to hold hearing on tax credits