House Committee Considers Tax Incentive Proposals

The Missouri State Capitol building | Photo courtesy of Creative Commons

The House Economic Development Committee will hear arguments for and against tax incentives at a hearing Tuesday evening. O’Fallon-based real estate developer Paul McKee said he will make a personal appeal to legislators to extend a state tax credit program that has paid his company more than $40 million and that he hopes will provide $50 million more for his massive makeover plan for north St. Louis. But critics are trying to rein in tax credits and note that McKee’s plan hasn’t produced a return for taxpayers yet.

Read more from the St. Louis Post-Dispatch

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