Missouri Governor’s Tax Committee Proposes Changes to State Tax Credits
With the goal of creating a simpler, lower and fairer tax burden, Missouri Governor Eric Greitens created a tax-specific Governor’s Committee in January 2017. The Committee evaluates Missouri tax policies and tax credit programs to provide recommendations for a reform, which will directly impact Missouri businesses.
The Committee first investigated whether a tax reform of special interest tax credit programs could fund tax rate cuts for all Missourians, and met on June 30th to recommend comprehensive tax reform legislation to the Governor. Their recommendations will specifically affect the real estate and construction industries with changes to credits such as the Historic Preservation Tax Credit and Low Income Housing Credit.