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Nixon: No land tax credit in Mo. special session
Posted: 08.06.2011 at 10:19 AM
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JEFFERSON CITY, MO. (AP) -- Gov. Jay Nixon says he is not including the expansion of a tax credit for assembling and maintaining large swaths of land in his planned call for a special legislative session.

Nixon and lawmakers have been working on an agreement for an economic development package. One part of a proposal from lawmakers would remove the time limit for the tax credit program while offering fewer credits annually.

The tax credits are being used by a developer who has promised a multi-billion dollar makeover for north St. Louis.

Nixon is planning a special session for September. The governor sent a letter Friday to House and Senate leaders, saying he does not intend to include any expansion of the land assemblage tax credit program in the special session.

(Copyright ©2011 by The Associated Press. All Rights Reserved.)

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