Jetton Says Distressed Areas Credit Will Become National Model

by Michael R. Allen

A revised version of the Distressed Areas Land Assemblage Tax Credit Act will be part of the economic development bill to be considered during the Missouri legislature’s special session. From an article in the Post-Dispatch:

[Gov. Matt] Blunt said revisions will make the tax credit available to more than one developer. Under the old plan, a project would have had to cover 100 acres. The new threshold will be 75 acres.

House Speaker Rod Jetton, R-Marble Hill, predicted that the tax credit program would become a national model for revitalizing urban cores.