Mo. Lawmakers Seek to End Tax Break for Poor

9 years 2 weeks 1 day ago Sunday, September 04 2011 Sep 4, 2011 Sunday, September 04, 2011 12:01:42 PM CDT September 04, 2011 in News
By: Associated Press

JEFFERSON CITY (AP)  - A Missouri tax break benefiting poor disabled and elderly people who live in rental housing could be on the chopping block when lawmakers convene Tuesday in a special
session. The elimination of the tax break for renters is projected to save the state $855 million over the next 15 years. Some lawmakers hope to redirect that money for new tax breaks intended to lure Chinese cargo planes to the St. Louis airport and more businesses
to Missouri. Advocates for senior citizens and the disabled vow to fight the repeal. But they may face a tough battle. The tax break repeal is the single largest budgetary savings being proposed to offset the new business incentives.

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