The Missouri Senate on Thursday passed an economic development bill that slashes state tax credits for real estate development, cuts that opponents call drastic and unacceptable.The bill would cap historic preservation tax credits and low-income housing tax credits at a combined $105 million annually, down from $335 million, the St. Louis Post-Dispatch reports. However, new programs in the legislation would provide $60 million over eight years to subsidize international trade through Lambert-St.…
Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
No comments:
Post a Comment