Nixon Moderates Stance on Ending Renters Tax Break

4 years 2 weeks 5 hours ago April 12, 2013 Apr 12, 2013 Friday, April 12 2013 Friday, April 12, 2013 10:26:52 AM CDT in News
Source: Associated Press
By: Associated Press

JEFFERSON CITY - Governor Jay Nixon is moderating his support for legislation to end a tax break for low-income disabled and senior residents who live in rental housing.

Nixon released a statement Thursday urging lawmakers to pass a "comprehensive package of tax credit reforms." Nixon said he would not support a "partial reform that eliminates a single program, such as the renters' portion of the Property Tax Credit."

Legislators so far have handled the renters' tax credit repeal separately from the broader tax credit overhaul. The renters' credit repeal has passed the Senate and been endorsed by a House committee.

Nixon's proposed budget assumes lawmakers will end the renters' tax credit and redistribute the savings to be spent on existing health, mental health and social services that may benefit seniors and the disabled.

 

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