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Thu May 9, 2013
Mo. lawmakers vote to repeal renters tax break
More than 100,000 low-income seniors and disabled residents who live in rental housing could lose a tax break under a bill given final approval by Missouri lawmakers.
The bill passed Thursday would eliminate a tax break of up to $750 annually for individuals and redirect the nearly $57 million of savings to existing state programs.
But Gov. Jay Nixon has said he will sign the bill only if it's part of a broad-based overhaul of Missouri's tax credit programs. So far, that has not occurred. A separate bill revamping other tax credits is still being negotiated by lawmakers and faces an uncertain fate before the session ends May 17.
The House voted 91-69 to repeal the renters' tax break. The Senate passed the bill 21-12 last month.