Nixon: tax credit changes to be a priority in 2013 - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Nixon: tax credit changes to be a priority in 2013

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JEFFERSON CITY, Mo. (AP) - Gov. Jay Nixon says tax credit reform will be a priority issue when the Missouri Legislature convenes next year.

Nixon spoke Wednesday to members of a tax credit review panel that he has revived to recommend changes to Missouri?s roughly 60 different tax credit programs.

The commission compiled a report in 2010 that suggested some tax credits should be eliminated and others should be pared back, including incentives for the development of low-income housing and the renovation of historic buildings. Nixon reconvened the panel because tax credit costs have risen 20% since then.

The governor wants the commission to update its original recommendations by Dec. 5. The commission met for the first time Wednesday at the state Capitol.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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