Nixon: No Land Tax Credit in Missouri Special Session

8 years 6 months 2 weeks ago Friday, August 05 2011 Aug 5, 2011 Friday, August 05, 2011 4:16:00 PM CDT August 05, 2011 in News
By: Associated Press

JEFFERSON CITY (AP) - Gov. Jay Nixon said he is not including the expansion of a tax credit for assembling and maintaining large swaths of land in his planned call for a special legislative session.

Nixon and lawmakers have been working on an agreement for an economic development package. One part of a proposal from lawmakers would remove the time limit for the tax credit program while offering fewer credits annually.

The tax credits are being used by a developer who has promised a multi-billion dollar makeover for north St. Louis.

Nixon is planning a special session for September. The governor sent a letter Friday to House and Senate leaders, saying he does not intend to include any expansion of the land assemblage tax credit program in the special session.

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