“The Senate plans to make a motion to go to conference committee next Monday, October 17, on House Committee Substitute for SS SCS Senate Bill 8 as amended. Senate conferees will be expected to hold firm on taxpayer safeguards, namely protecting the Senate position of seven-year sunsets on Missouri’s two most expensive tax credit programs.

The Senate has passed an economic development bill coupled with tax credit reform with broad support. This measure would save taxpayers nearly $1 billion over 15 years while securing the future of innovative and financially responsible tax incentive programs to help keep and relocate businesses to Missouri. With these savings, we can better prevent drastic funding cuts to the critical functions of state government – namely K-12 and higher education and social service programs that serve our most vulnerable populations.

 The people of Missouri expect us to work with one another to find common sense solutions. We hope the House will work with us transparently in a conference committee to safeguard taxpayers with sunsets so we can put this solution to work to benefit the people of Missouri.”
-Senate Leader Robert N. Mayer

Send To A Friend

Share