Legislation offering new tax incentives for Missouri businesses officially died Tuesday when the Missouri Senate ended its special legislative session.
There was only the senate president pro tem and majority floor leader in attendance when the motion was passed. That ended the marquee legislation that would have scaled back many of missouri's existing tax credits while offering new incentives to spur international trade at the st. Louis airport, attract big-time amateur sports events, and encourage the construction of computer data centers.
Senator Rob Mayer, the senate pro tem, stated "the house and senate are miles apart on the different versions that they passed of the economic development bill and it would be fruitless to continue onward and waste the taxpayers' money."
The senate held their ground on the firm expiration dates for existing tax credits for developers of low-income housing and the renovation of historic buildings.
"Ya know, my experience with the senate so far is what they say and what they do are two different things," said House Speaker Steve Tilley. "So we're gonna give them another opportunity to change there minds once again, and change their mind once again, and go to conference."
But the senate would not negotiate the point.
"We need to put all this behind us," Mayer said. "Step back from the legislation for a few weeks, and then come together and decide what future economic development proposals we need to put forth and get ready for the next session."
As of now, the house is still scheduled to meet in a technical session Thursday morning.
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