AUDIO SOUND BITE: Looking Ahead to 2014 – Will Tax Credit Reform Happen?

Missouri’s State Legislature is officially done working for the year now that the veto session is over.

The debate over some of the big issues is not over, though, as lawmakers and special interests gear up for 2014. One issues that’s likely to come back up in January is the tax credit process. The Show Me Institute’s Rick Edlund likens the current approach to government gambling with your money.

Edlund Tax Credits-1                                       trt: 13                                    oc: higher taxes

Tax credit reform has been debated over the last couple of legislative sessions. Supporters of the approach say it’s needed as part of economic development. Other want reforms to limit tax credits, saying it’s costing the state too much money.

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