custom ad
NewsFebruary 22, 2019

JEFFERSON CITY, Mo. -- Missouri senators have voted to cap state tax credits for low-income housing...

Associated Press

JEFFERSON CITY, Mo. -- Missouri senators have voted to cap state tax credits for low-income housing.

Senators voted 31-0 Friday to send the measure to the House.

State and federal tax credits subsidize affordable housing in Missouri. But critics, including former Gov. Eric Greitens, have said the tax credits are inefficient.

Receive Daily Headlines FREESign up today!

No state tax credits have been issued in Missouri since Greitens and his supporters voted against them in 2017, although federal tax credits have been available.

New Gov. Mike Parson has said state tax credits for low-income housing won't be issued until lawmakers revamp the program.

Sen. Dan Hegeman's bill would limit state tax credits to 72.5 percent of what's available in federal credits.

Story Tags
Advertisement

Connect with the Southeast Missourian Newsroom:

For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.

Advertisement
Receive Daily Headlines FREESign up today!