Monday, November 28

Tag: tax credit

Stripped-down farm measure rolls through Missouri Legislature, heads to governor | Politics
Politics

Stripped-down farm measure rolls through Missouri Legislature, heads to governor | Politics

JEFFERSON CITY — Missouri lawmakers approved a series of tax credits for the agriculture community Tuesday, but stripped the proposed law of a provision that could have benefited a major property developer.The package, which has been a priority for farm lobby groups, had been stalled in the Legislature over a piece of the overall bill that would have given investors like Columbia developer Jeffrey E. Smith $25 million in tax credits for investing in rural businesses in the state.Opponents wanted the rural tax credits out of the measure after a similar program in Georgia cost taxpayers more than $50 million.The revamped legislation now includes provisions for tax credits for wood energy, investments in meat processing, enhancements for the ethanol and biodiesel industry and...