by Michael R. Allen
While debate went until well after 3:00 a.m. in the Missouri Senate this morning, the chamber did not pass an economic development bill that included a $75 million cap on the state’s historic rehabilitation tax credit program. Senator Jeff Smith (D-4th) deserves a lot of credit for his strong advocacy for the credits. Smith is a master of using an inquiry to block negative changes to the program, and his spirited efforts are helping grow support for the credit in the Senate.