Lawmakers Work to Cut Missouri Tax Credits

9 years 6 months 2 weeks ago Tuesday, November 16 2010 Nov 16, 2010 Tuesday, November 16, 2010 6:49:51 PM CST November 16, 2010 in News
JEFFERSON CITY - Even out of session, lawmakers and experts in Missouri's capital are working to fix the state's financial troubles.

The subject of Tuesday's meetings around the capital city: tax credits.

At both the Harry Truman Building and the Truman Hotel, state politicians and experts from around the financial industry tried to find ways to make cuts from the state's tax credit system.

And at Governor Jay Nixon's request, The Missouri Tax Credit Review Commission must present recommendations.

But Tuesday, a sub-committee of the commission was unable to come to a consensus on a $50 million cut from historical preservation tax credits.  The sub-committee also denied a $40 million cut as well.

The commission did decide to not allow a $90 million credit for a building on a 1400 acre block in downtown St. Louis to continue into fiscal year 2012.  Only State Sen. Robin Wright-Jones (who represents the City of St. Louis) voiced any opposition to this cut. She also said the entire tax credit system of Missouri needs to be reformed because it has a large amount of credits available.

"We have way too many--we have 61. And some are being used, some are not. I think our focus here is to maintain our triple A bond rating, our focus here is to get good return on our investments, our focus here is to get jobs," she said.

More News

Grid
List
COLUMBIA —The Boone County Fair has been canceled for the 2020 season, according to a news release from the... More >>
23 minutes ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 8:17:23 PM CDT June 05, 2020 in News
JEFFERSON CITY - For protesters across the country, social distancing isn't what's on their mind when they protest. It's George... More >>
1 hour ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 7:01:00 PM CDT June 05, 2020 in News
COLUMBIA - Ty Gramley, of Columbia, was sentenced to 5 years in prison after pleading guilty to possession of child... More >>
2 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 6:13:05 PM CDT June 05, 2020 in News
COLUMBIA — A new law in Missouri expands absentee voting excuses and allows mail-in voting until December 2020 due to... More >>
6 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 2:11:00 PM CDT June 05, 2020 in News
COLUMBIA — As state and commercial testing is more available for the Missourians, the number of confirmed cases is rising.... More >>
6 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 2:00:00 PM CDT June 05, 2020 in News
COLUMBIA - A Maries County woman was sentenced to 14 years in prison for a deadly fire Friday, but could... More >>
6 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 1:44:28 PM CDT June 05, 2020 in News
COLUMBIA - This week KOMU 8 will air a longform discussion among local law enforcement leaders, a community activist and... More >>
9 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 11:09:00 AM CDT June 05, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about the impacts in the community. You... More >>
9 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 10:43:00 AM CDT June 05, 2020 in News
COLUMBIA - Columbia's Lunch in the Park program is back to serve children 18 or younger free, nutritious meals during... More >>
10 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 9:55:00 AM CDT June 05, 2020 in News
COLUMBIA- Medical professionals stood silently on the University of Missouri campus to fight racism Thursday evening. The group stood,... More >>
11 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 9:38:00 AM CDT June 05, 2020 in News
COLUMBIA – The U.S. Bureau of Labor Statistics released its May jobs report Friday morning, and national unemployment declined to... More >>
16 hours ago Friday, June 05 2020 Jun 5, 2020 Friday, June 05, 2020 4:33:00 AM CDT June 05, 2020 in News
POPLAR BLUFF, Mo. (AP) — Authorities say a 9-year-old boy has drowned while swimming in a river in... More >>
21 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 11:29:00 PM CDT June 04, 2020 in News
KANSAS CITY — Kansas City Mayor Quinton Lucas says the city is making sweeping changes in police procedures... More >>
22 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 9:52:00 PM CDT June 04, 2020 in News
COLUMBIA - Boone County reported a second death from COVID-19 Wednesday. The first death in the county was... More >>
1 day ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 5:10:42 PM CDT June 04, 2020 in News
JEFFERSON CITY- As local leaders pick up the pieces and chart a path forward to deal with the widespread financial... More >>
1 day ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:58:00 PM CDT June 04, 2020 in News
JEFFERSON CITY- 300 members of the Missouri National Guard were deployed to Washington, D.C. on Thursday to help local authorities... More >>
1 day ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:41:00 PM CDT June 04, 2020 in News
COLUMBIA – While people are marching and chanting across the world to fight against racism, University of Missouri’s Black students... More >>
1 day ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:34:00 PM CDT June 04, 2020 in News
COLUMBIA - The oncology clinic at MU Women's and Children's hospital won't close after all, several sources told KOMU 8... More >>
1 day ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:08:00 PM CDT June 04, 2020 in News
Columbia, MO
Broken Clouds 82°
9pm 83°
10pm 80°
11pm 78°
12am 76°