Wednesday, April 22, 2009

Let's Make A Deal!

The Governor gladhands in the gallery -- and a key House member says a tax credit cap is being negotiated.
But what say the Senate?
JEFFERSON CITY, Mo. (AP) - Gov. Jay Nixon says negotiators are making progress on an economic development bill and he is optimistic it can pass in the final three weeks of the legislative session.
Nixon visited with key lawmakers Wednesday in the side gallery of the House chamber to encourage their efforts on the legislation.
The proposal to expand Missouri's business incentives has been hung up for months by some senators who want to place new restrictions on state tax credits.
In particular, some senators want to cap the amount of tax credits that can be authorized annually for the redevelopment of historic buildings.
Lead House sponsor Tim Flook, a Republican from Liberty, says lawmakers are discussing a cap on the historic preservation tax credits that could have an exception for smaller projects.

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