Tax Credit Commission Holds First Meeting

8 years 1 week 3 days ago Thursday, September 09 2010 Sep 9, 2010 Thursday, September 09, 2010 2:17:47 PM CDT September 09, 2010 in News
JEFFERSON CITY - The commission will need to re-evaluate all 61 of Missouri's tax credit programs. This review will be made in an effort to reduce the state's deficit. The commission created six subcommittees to aid in the evaluation process.

These subcommittees are tax law, historical, low income, economic development, distressed community, and contribution. Governor Nixon wants the compiled report by Thanksgiving, and accepts that this complicated process will be worth it in the end. 

"Tax credits work best when they deliver on what they were intended for: putting people to work, boosting development and building strong communities," Governor Nixon said. 

But some commission members are weary of a wholesale redefining of the current system.

"It seems like a case of taking from many to give to a few," Mark Gardner, president of Gardner Capital, said. 

The Tax Review will hold five more meetings throughout Missouri. 

These locations are Saint Louis, Saint Joseph, Joplin, Cape Girardeau, and Columbia. 

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