NewsMay 1, 2013
JEFFERSON CITY, Mo. -- The Missouri Senate again has passed legislation curbing tax breaks for developers while creating incentives for exporters and high-tech industries. A bill approved 22-11 Tuesday eases off a Senate version of a tax credit overhaul passed earlier this year but leaves a large gap to be resolved with House members...
Associated Press

JEFFERSON CITY, Mo. -- The Missouri Senate again has passed legislation curbing tax breaks for developers while creating incentives for exporters and high-tech industries.

A bill approved 22-11 Tuesday eases off a Senate version of a tax credit overhaul passed earlier this year but leaves a large gap to be resolved with House members.

The Senate version would cap tax credits for the renovation of historic buildings at $70 million annually -- about half the current limit. The House version would make little change to the current cap.

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The two chambers are similarly far apart on tax credit limits for the development of low-income housing.

Both versions would create new incentives for international exports at airports, computer data centers and investors in high-tech businesses.

Lawmakers have until May 17 to resolve differences.

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