Jobs bill compromise sputters in Senate as deadline nears
JEFFERSON CITY — Senate leaders will try again this morning to pass a jobs bill that caps historic preservation tax credits and increases several other business subsidies.
Senators made no progress on the bill during an evening session that didn’t begin until after midnight and ended at 2:30 a.m. today. The Legislature has until 6 p.m. today to agree on a bill.
The latest version of the plan would cap historic preservation credits at $140 million a year but would allow unlimited credits for rehab projects costing less than $1.1 million.
In another last-minute change, the bill would double the annual cap on tax credits designed to help developer Paul McKee buy land for a large-scale development in St. Louis. Instead of $10 million, the annual limit for land assembly credits would be $20 million.
While most senators appeared to be on board with the plan, Sen. Jason Crowell, R-Cape Girardeau, tied the Senate in knots by offering amendments to add other tax credit programs to the bill.
Finally, the Senate quit to let members get some sleep and to let Crowell study the proposed compromise, said President Pro Tem Charlie Shields, R-St. Joseph.
Despite the problems, Shields told reporters he thinks the bill is in “pretty good shape.” If the Senate does pass it, the House will have to take it or leave it. Under House rules, it’s too late to negotiate.


In these tough economic times, we need to do everything possible to encourage more investment and create jobs in Missouri! We must have a economic development bill this session.
Below are key provisions of the 2009 economic development bill to get Missouri growing:
- Expansion of the Missouri Quality Jobs Program and Missouri BUILD
- Creation of an Angel Tax Credit
- Reestablishment of the Research & Development Tax Credit
- Expansion of the New Markets Tax Credit and the Small Business Incubator Tax Credit
- Keep the Historic Tax Credit Program healthy and working.
Isn’t it swell that our politicians can take time to work on and approve state legislation that allows 2 businesses in the entire state to sell draft beer to go, but they can’t take the time to work on legislation that will create jobs for the people they supposedly represent.
Funny, this article gets 3 comments (including me) and the abortion one gets over 20. I just don’t get the discrepancy.