Nixon: No land tax credit included in Missouri special session
Friday, August 5, 2011 | 3:24 p.m. CDT;
updated 12:48 p.m. CDT, Monday, September 5, 2011
JEFFERSON CITY — Gov. Jay Nixon said he is not including the expansion of a tax credit for assembling and maintaining large swaths of land in his planned call for a special legislative session.
Nixon and lawmakers have been working on an agreement for an economic development package. One part of the lawmakers' proposal would remove the time limit for the tax credit program while offering fewer credits annually.
The tax credits are being used by a developer who has promised a multi-billion dollar makeover for north St. Louis.
Nixon is planning a special session for September. The governor sent a letter Friday to House and Senate leaders saying he does not intend to include any expansion of the land assemblage tax credit program in the special session.
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