Posted: May 14, 2013 5:34 PM by Associated Press
JEFFERSON CITY - Gov. Jay Nixon has vetoed legislation that would have repealed a tax break for low-income seniors and disabled residents who live in rental housing.
Nixon's veto Tuesday came as no surprise. The governor originally proposed repealing the tax break, but has since made clear he would not accept it unless it were part of a broad-based overhaul of Missouri's tax credit programs.
The Legislature sent Nixon the repeal of the renters' tax credit as a stand-alone bill and has not passed a separate, more comprehensive tax credit overhaul.
The budget approved by the Legislature relied on savings from the tax-credit repeal to finance early childhood programs, among other things. Lawmakers could pass an alternative funding means for those programs before their annual session ends at 6 p.m. Friday.