Category: Tax Credits

Twenty mayors plead MHDC to not eliminate LIHTC

Mayors tout low-income housing tax credit as a vital tool for disadvantaged residents JEFFERSON CITY, Mo. – Mayors from across the state wrote a letter to Missouri Housing Development Commission (MHDC) touting the value of Low Income Housing Tax Credit (LIHTC) developments in their town. Six of eight MHDC commissioners […]

Governor’s commissioners pass draft motion to not fund tax credits in FY2019

COLUMBIA, Mo. – At the rescheduled Missouri Housing Development Commission (MHDC) meeting Friday, six men voted in an executive suite at the Holiday Inn to support a draft motion to not issues tax credits for FY2019. Over an estimated 150-200 people, ranging from tax credit housing residents, lawmakers, and stakeholders looked […]

How a left-wing Massachusetts company infiltrated the Department of Economic Development

JEFFERSON CITY, Mo. – Rep. Marsha Haefner, chairman of the House Fiscal Oversight Committee, plans to question state government bureaucracy over hundreds of thousands of taxpayer dollars in payments to a Massachusetts company, Regional Economic Models Incorporated (REMI). REMI, an east coast corporation out of Massachusetts has ties to extremist […]

Eigel proposing reducing income tax from 5.9% to 4.8% for small business owners

MERA proposal seeks to reduce tax burden for all incomes, reducing income tax and increasing gas tax ST. CHARLES, Mo. – State Senator Bill Eigel, R-St. Charles, will file the Missouri Economic Relief Act (MERA), hoping to re-align government spending priorities by decreasing the income tax and increasing fuel use […]

Brad Bakker announces HD 84 campaign

ST. LOUIS – Brad Bakker, associate attorney at Armstrong Teasdale, has announced his candidacy for HD 84. As of writing, no other candidate has officially announced that they are running in the heavily Democratic district. Rep. Karla May currently represents HD 84 and faces term limits. She has run unopposed […]

Galloway: Inaccurate fiscal notes worsen ‘budget crisis in Missouri’

JEFFERSON CITY, Mo. – Auditor Nicole Galloway released an audit report Wednesday morning, evaluating the cost to the state of tax exemptions over the past couple years and estimating their longterm effects. According to the report, many of the fiscal notes predicting the cost of a bill are inaccurate and […]

Corporate Apportionment laws may help provide the ‘stable, business friendly environment’ Amazon wants

JEFFERSON CITY, Mo. – As the deadline quickly approaches for cities across the U.S. and Canada to submit their applications for consideration for the new Amazon headquarters, many are looking inwards to assess Amazon’s criteria. Among other things, Amazon is asking for cities to “identify incentive programs available for the […]

Democrats bemoan ‘reckless’ tax plan from Greitens’ committee

JEFFERSON CITY, Mo. – The Missouri Times published an early draft Wednesday of recommendations from the Governor’s Committee on Simple, Fair, and Low Taxes. Some of the recommendations in the draft included a total elimination of the corporate income tax (to be replaced by a gross receipts tax) and a […]

Commission nearing end holds mostly closed sessions

JEFFERSON CITY, Mo. – “Democracy is the worst form of government, except for all the others.” That quote, often attributed to Winston Churchill, was the sentiment shared by former Sen. Jason Crowell while speaking about the state’s current tax environment as he advocated for changing the state’s economic development programs. “This […]

Half attendance at Governor’s tax committee to discuss for Gross receipt tax

JEFFERSON CITY, Mo. – Having completed their four town hall events, the Governor’s Committee for Simple, Fair and Low Taxes returned to the capital city this week for more presentations. Half of the committee was in attendance as Chairman Joel Walters was joined by Will Scharf, Rep. Jay Barnes, Sen. […]