- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)46
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)7
- Police report filed, but no charges in incident at Cape Central (04/29/16)37
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)2
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
- Man accused of pointing BB gun at Chaffee resident (04/26/16)2
Mo. Senate panel holds hearing on tax credits
JEFFERSON CITY, Mo. -- A Missouri Senate committee has conducted a review of the state's numerous tax credit programs and their impact on the state budget.
The Senate Appropriations Committee looked at the economic performance and cost of the tax credits Monday before starting work on Gov. Jay Nixon's proposed budget for the 2014 fiscal year.
The 61 tax credit programs currently offered by Missouri are expected to take up $685 million of the state's revenue for the current fiscal year.
The review comes as senators are working on a broad tax credit package that would reduce state expenditures on tax breaks. Committee members are warning that benefits from such reform would not be seen until years down the road because tax credits have already been issued for current projects.