• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / Legislature / Tax Credits Under Scrutiny of Special Committee

Tax Credits Under Scrutiny of Special Committee

September 23, 2007 By admin Leave a Comment

Tax credits, whether they truly help the economy, will be the subject at a public hearing today in Kansas City.

A special legislative committee has begun reviewing the tax credits Missouri uses to lure business to the state and entice existing business to expand. The breaks also help renovate historic buildings, offset property taxes and encourage use of alternative energy.

A member of the Joint Committee on Tax Policy, Sen. Brad Lager (R-Maryville), says the state is on a "feeding frenzy" with tax credits. Lager estimates the state gives away $500 million a year in tax credits. He says it is very difficult for lawmakers to determine whether the tax credits do what proponents say they do; whether they truly stimulate the economy and create jobs.

The Joint Committee on Tax Policy has met at the Capitol in Jefferson City. During that meeting, committee members questioned whether two tax credits aimed at the agriculture sector are worth their $50 million price tag. 

The committee holds a public hearing today (Monday, 9:30am) at the Kansas City Public Library, 14 W. 10 th Street. The hearing will be held in the library’s auditorium.

The Missouri State Assessors Association and Missouri State Tax Commission will attend the hearing to discuss property tax issues.

Download/listen Brent Martin reports (:80 MP3)

Share this:

  • Facebook
  • Twitter

Filed Under: Legislature, Politics / Govt Tagged With: budget, Department of Economic Development

Subscribe to our daily newsletter

Leave a Reply Cancel reply

Your email address will not be published.



Tweets by Missourinet

Sports

Girl hurt in crash with ex-Chiefs Coach “likely has permanent brain damage”

A girl … [Read More...]

Dru Smith’s after late layup secures Mizzou’s first win at Florida “It meant a lot to us.”

Dru … [Read More...]

Crunch time for Mizzou hoops. Eli the best at selling Tigers football (PODCAST)

Thanks for … [Read More...]

Royals building a winner, Chiefs will look different in 2021 (PODCAST)

Thanks for … [Read More...]

Rookie scores in debut as Blues beat Ducks

Zach … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC