Tax credit overhaul a no-go this session | KBIA

Tax credit overhaul a no-go this session

May 17, 2013

Credit File Photo / KBIA

Missouri senators have given up their attempt to pass an overhaul of the some of the state's tax credit programs for businesses and developers.

Supporters of the bill set it aside Friday after Republican Sen. Brad Lager, of Savannah, spoke against it for an hour in a filibuster that could have otherwise continued until the session's mandatory end at 6 p.m. The legislation would have created tax incentives for international air cargo exports, computer data centers and investors in startup technology companies.

Lager opposed the bill because he said it did not make deep enough reductions in existing tax credits for developers who build low-income housing or renovate historic buildings.

The bill's demise in the Senate came after the House passed it by a 122-32 vote earlier Friday.