Missouri Legislature North St. Louis Northside Regeneration Public Policy

Senate Committee Passed Amended Version of Distressed Areas Land Assemblage Tax Credit

by Michael R. Allen

Yesterday the Economic Development Committee of the Missouri Senate passed to the full Senate the economic development bill (HB 1) that includes the Distressed Areas Land Assemblage Tax Credit Act.

Despite the absence of testimony at the hearing from critics of the current version of DALATCA, the committee approved two amendments that were suggested by myself and other critics: a measure requiring that the applicant for the credits host public meetings and a measure that prohibits use of the credit toward fines and bills paid to municipal government.

Read more here.