Gov. Nixon Vetoes Tax Breaks For Businesses

Jay Nixon addresses the crowd at a 2012 event. | Photo courtesy of Creative Commons
Jay Nixon addresses the crowd at a 2012 event. | Photo courtesy of Creative Commons

Gov. Jay Nixon vetoed 10 bills today that would provide utility tax breaks for a wide range of companies, including computer data centers, fast food restaurants, fitness centers and dry cleaners.

Nixon estimated the bills would drop state and local revenues by $776 million a year, a loss he said is not accounted for in the 2015 budget. However, the Legislature could still override Nixon’s veto. The General Assembly overrode 10 vetoes last year, and overrode Nixon’s veto of a $620 million income tax cut last month.

Any veto override attempts will take place during a September session. In the meantime, Nixon said he plans to make budget cuts in the coming weeks in case of an override.

The bills, many passed on the last day of the session, would cut or reduce the taxes companies pay on utilities. Republicans have questioned Nixon’s cost projections and defended the tax breaks, describing many of them as mere clarifications of existing tax policies.


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