Dempsey on Tax Credit Reform
Presumptive Senate Pro Tem Tom Dempsey signaled a willingness to continue the Senate’s quest for meaningful tax credits reform.
“This past year alone, $629 million was redeemed in all of Missouri’s tax credit programs combined. Of this amount, nearly $300 million came from just the low income and historic tax credit programs – an increase of over $47 million from the year before. For the past four years, the Missouri Senate’s efforts to pass comprehensive economic development legislation have been blocked but I believe it is time to move forward. Developing a responsible economic development approach that invests state resources wisely and cuts back on inefficient tax credits must be a top priority.”