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Key Votes

SB 8 - Tax Credit Amendments - Key Vote

Missouri Key Votes

Lindell Shumake voted Nay (Passage With Amendment) on this Legislation.

Read statements Lindell Shumake made in this general time period.

Stages

Family

Issues

Note

NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE

Stage Details

Legislation - Bill Passed With Amendment (House) (98-48) - (Key vote)

Title: Tax Credit Amendments

Vote Smart's Synopsis:

Vote to pass a bill that amends state tax credit programs.

Highlights:
  • Specifies that certain tax credits will cease issuance on August 28, 2015. These include but are not limited to a tax credit for (Sec. A):
    • Surviving spouses of deceased peace officers who were killed in the line of duty;
    • Persons who have adopted special needs children;
    • Businesses who build low-income housing;
    • Businesses or other associations which create and run youth-centered programs focusing on school attendance and graduation; and
    • Taxpayers who contribute to shelters for victims of domestic violence.
  • Specifies that this act does not impair an individual's ability to redeem tax credits set to expire if the person takes action before the expiration of such a credit (Sec. A).
  • Specifies that tax credits issued by the government will not exceed $10 million in any fiscal year (Sec. A).
  • Establishes a $110 million cap on tax credit authorizations for projects not financed through tax-exempt bond issuance, to be lowered each subsequent year (Sec. A).
  • Specifies that any agency may recapture tax credits if a taxpayer is found to be in noncompliance with the program (Sec. A).
  • Establishes an air export tax credit for companies shipping cargo on an outbound flight, and specifies that these will cease issuance on August 28, 2011 (Sec. A).
Note:

NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE

Legislation - Bill Passed (Senate) (26-8) - (Key vote)

Title: Tax Credit Amendments

Vote Smart's Synopsis:

Vote to pass a bill that amends the Missouri tax code to reduce the number and amounts of available tax credits.

Highlights:
  • Specifies that certain tax credits will cease issuance on August 28, 2015. These include but are not limited to a tax credit for (Sec. A):
    • Surviving spouses of deceased peace officers who were killed in the line of duty;
    • Persons who have adopted special needs children;
    • Businesses who build low-income housing;
    • Businesses or other associations which create and run youth-centered programs focusing on school attendance and graduation; and
    • Taxpayers who contribute to shelters for victims of domestic violence.
  • Specifies that this act does not impair an individual's ability to redeem tax credits set to expire if the person takes action before the expiration of such a credit (Sec. A).
  • Specifies that tax credits issued by the government will not exceed $10 million in any fiscal year (Sec. A).
  • Establishes a $110 million cap on tax credit authorizations for projects not financed through tax-exempt bond issuance, to be lowered each subsequent year (Sec. A).
  • Specifies that any agency may recapture tax credits if a taxpayer is found to be in noncompliance with the program (Sec. A).
  • Establishes an air export tax credit for companies shipping cargo on an outbound flight, and specifies that these will cease issuance on August 28, 2011 (Sec. A).
Legislation - Introduced (Senate) -

Title: Tax Credit Amendments

Sponsors

  • Robert N. 'Rob' Mayer (MO - R) (Out Of Office)
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