Thursday, 14 March 2013 04:27
MO lawmakers renew charitable tax credits
JEFFERSON CITY, Mo. (AP) — Missouri lawmakers have given final approval to a bill that would renew tax credits for charitable causes but end them for international adoptions.
The legislation sent Wednesday to Gov. Jay Nixon would reinstate tax credits for food pantry donations that expired in 2011 and for donations to pregnancy resource centers and child advocacy centers that expired in 2012.
It also renews tax credits for surviving spouses of deceased public safety officers and for people who improve their homes to be accessible to the disabled.
But the bill halts state tax credits for people who adopt children from other countries or other states. It keeps adoption tax credits in place only for Missouri children with "special needs."
The legislation sent Wednesday to Gov. Jay Nixon would reinstate tax credits for food pantry donations that expired in 2011 and for donations to pregnancy resource centers and child advocacy centers that expired in 2012.
It also renews tax credits for surviving spouses of deceased public safety officers and for people who improve their homes to be accessible to the disabled.
But the bill halts state tax credits for people who adopt children from other countries or other states. It keeps adoption tax credits in place only for Missouri children with "special needs."
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Local News
Wednesday, 13 March 2013 16:19
Charitable tax credits get of by Missouri House
JEFFERSON CITY, Mo. (AP) — The Missouri House has passed legislation that would renew tax credits for charitable causes such as food pantries and centers for pregnant woman.
The vote Wednesday by the House puts the legislation just one final step from the governor's desk. The Senate previously passed the bill and must give it another vote.
The legislation would reinstate tax credits for food pantry donations that expired in 2011 and for donations to pregnancy resource centers and child advocacy centers that expired in 2012. All three of those tax credits would be extended to 2019.
The bill also renews tax credits for surviving spouses of deceased public safety officers and for people who improve their homes to be accessible to the disabled.
The vote Wednesday by the House puts the legislation just one final step from the governor's desk. The Senate previously passed the bill and must give it another vote.
The legislation would reinstate tax credits for food pantry donations that expired in 2011 and for donations to pregnancy resource centers and child advocacy centers that expired in 2012. All three of those tax credits would be extended to 2019.
The bill also renews tax credits for surviving spouses of deceased public safety officers and for people who improve their homes to be accessible to the disabled.
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Local News
Thursday, 28 February 2013 11:39
Missouri Senate sends tax credit overhaul to House
JEFFERSON CITY, Mo. (AP) - Missouri senators have passed legislation scaling back tax breaks for developers and offering new incentives for high-tech businesses and world trade.
The Senate's 27-7 vote Thursday sends the bill to the House, where it already faces some opposition.
House Speaker Tim Jones has said senators "over-reached" by significantly lowering the amount of tax credits available for the construction of low-income housing and the renovation of historic buildings. But Jones likes provisions in the Senate bill that create new tax credits for air cargo exports, computer data centers and investors in high-tech, start-up businesses.
Gov. Jay Nixon praised the bill Thursday for containing "long-overdue reforms" to tax credits.
A similar proposal to overhaul Missouri's tax credits failed during a 2011 special session.
The Senate's 27-7 vote Thursday sends the bill to the House, where it already faces some opposition.
House Speaker Tim Jones has said senators "over-reached" by significantly lowering the amount of tax credits available for the construction of low-income housing and the renovation of historic buildings. But Jones likes provisions in the Senate bill that create new tax credits for air cargo exports, computer data centers and investors in high-tech, start-up businesses.
Gov. Jay Nixon praised the bill Thursday for containing "long-overdue reforms" to tax credits.
A similar proposal to overhaul Missouri's tax credits failed during a 2011 special session.
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Local News
Tuesday, 12 February 2013 08:40
Paul McKee to appeal for tax credit extension
Developer Paul McKee will be in Jefferson City Tuesday, trying to save his stalled NorthSide Regeneration project. The McEagle Properties chairman will ask the House Economic Development Committee to extend the tax credit program he's been using to amass land for the project.
The $95 million Distressed Areas Land Assemblage credit was passed in 2007 and will expire this August.
McKee's company has received more than $40 million so far and amassed 2,200 parcels of land in north St. Louis for the project. But McKee told the St. Louis Post-Dispatch that he's needs to buy another 500 parcels for contiguous sites.
The NorthSide project calls for new and refurbished homes, retail and manufacturing space, along with schools and medical facilities on a two square mile area just north of downtown.
The $95 million Distressed Areas Land Assemblage credit was passed in 2007 and will expire this August.
McKee's company has received more than $40 million so far and amassed 2,200 parcels of land in north St. Louis for the project. But McKee told the St. Louis Post-Dispatch that he's needs to buy another 500 parcels for contiguous sites.
The NorthSide project calls for new and refurbished homes, retail and manufacturing space, along with schools and medical facilities on a two square mile area just north of downtown.
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Around Town
Tuesday, 12 February 2013 00:45
Paul McKee to appeal for tax credit extension
Developer Paul McKee will be in Jefferson City Tuesday, trying to save his stalled NorthSide Regeneration project. The McEagle Properties chairman will ask the House Economic Development Committee to extend the tax credit program he's been using to amass land for the project.
The $95 million Distressed Areas Land Assemblage credit was passed in 2007 and will expire this August.
McKee's company has received more than $40 million so far and amassed 2,200 parcels of land in north St. Louis for the project. But McKee told the St. Louis Post-Dispatch that he's needs to buy another 500 parcels for contiguous sites.
The NorthSide project calls for new and refurbished homes, retail and manufacturing space, along with schools and medical facilities on a two square mile area just north of downtown.
The $95 million Distressed Areas Land Assemblage credit was passed in 2007 and will expire this August.
McKee's company has received more than $40 million so far and amassed 2,200 parcels of land in north St. Louis for the project. But McKee told the St. Louis Post-Dispatch that he's needs to buy another 500 parcels for contiguous sites.
The NorthSide project calls for new and refurbished homes, retail and manufacturing space, along with schools and medical facilities on a two square mile area just north of downtown.
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Local News
Thursday, 07 February 2013 14:37
Missouri House approves renewing charitable tax credits
JEFFERSON CITY, Mo. (AP) - The Missouri House has passed a bill re-instating tax credits for donations to certain charitable organizations.
The House voted 149-2 Thursday to extend until 2019 tax breaks for contributions to food pantries, pregnancy resource centers and child crisis nurseries. Those tax breaks have either expired or will expire during 2013.
Donations to included charities that occur after Jan. 1 of this year would still receive a tax credit.
The legislation also extends the expiration date on incentives for the surviving spouse of a slain public safety officer and for homeowners who make renovations to accommodate people with disabilities.
The measure will head to the Senate, which passed similar legislation last week. Its version extends the incentives, but eliminates a tax break for parents adopting children from out-of-state.
The House voted 149-2 Thursday to extend until 2019 tax breaks for contributions to food pantries, pregnancy resource centers and child crisis nurseries. Those tax breaks have either expired or will expire during 2013.
Donations to included charities that occur after Jan. 1 of this year would still receive a tax credit.
The legislation also extends the expiration date on incentives for the surviving spouse of a slain public safety officer and for homeowners who make renovations to accommodate people with disabilities.
The measure will head to the Senate, which passed similar legislation last week. Its version extends the incentives, but eliminates a tax break for parents adopting children from out-of-state.
Published in
Local News
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