A gubernatorial commission wants to substantially scale back some of Missouri’s largest tax credit programs, which could set up a contentious fight during next year’s legislative session.
Earlier this year, Gov. Eric Greitens formed The Governor’s Committee on Simple, Fair and Low Taxes to examine the state’s tax policies and tax credit programs. After holding meetings across the state, the committee issued a slate of recommendations Friday that reconfigure tax credit programs that are designed to spruce up historic buildings and cultivate low-income housing.
The report recommends the state reduce tax credits available for the redevelopment of historic buildings and convert a tax credit for the construction of low-income housing into a loan program.
The final report focuses only on tax credits. It excludes more sweeping recommendations that had been included in an early draft to lower state income taxes, raise fuel taxes and eliminate various sales tax exemptions.