The Missouri Retailers Association is hailing Gov. Matt Blunt's end-of-session veto of a massive economic development bill.
David Overfelt, president of the association, said his group opposed the legislation because it would have given special treatment to out-of-state businesses, by changing tax laws.
Overfelt said the change would have allowed businesses in other states to actually own a substantial interest in a distribution facility or warehouse in Missouri without being responsible for collecting and remitting sales taxes like their Missouri-based competitors.
"Why should Missouri retailers and distributors with “brick and mortar” investments in Missouri, who also collect all applicable state taxes including sales and use taxes, be forced to compete against out-of-state businesses that receive special exceptions? If these non-Missouri businesses would not have this ability under our current laws, then why were the provisions so crucial to certain special interest lobbyists who claimed they would bring a few warehouse jobs to Missouri,?" asked Overfelt in a press release.
Gov. Blunt has said he is open to calling a special session to address a scaled-down version of the tax credit bill.
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