tax credit bill

The Missouri Senate spent several hours last night working on a wide-ranging tax credit bill, which they gave first-round approval to at around 3:30 this morning.


Senate Bill 120 would drastically cut incentives for Historic Preservation and low income housing.  Historic Preservation tax credits would be capped at $50 million a year, instead of the current $140 million, and low income Housing incentives would be capped at $55 million a year.  Senator Jamilah Nasheed (D, St. Louis) criticized the move.

File photo / KBIA

Two bills that would provide incentives for building underground data storage centers and for drawing amateur sporting events to Missouri have cleared a State House committee.

Missouri’s special legislative session is over. It came to an end after several weeks of disagreements between the House and Senate over a wide-ranging tax credit bill.