[Masthead] Fair ~ 92°F  
Feels like: 102°F
Saturday, July 12, 2014

Missouri Tax Credit Review Commission meeting held, testimonies regarding tax credits heard

Monday, December 3, 2012

The Distressed Community Tax Force, a sub-committee of the Bi-Partisan Missouri Tax Credit Review Commission, held a forum on Thursday, Nov. 29, in Marshall.

Troy Nash, co-chair of the sub-committee, opened the meeting to the public at the Martin Community Center. Other participants were part of the meeting via conference call.

Nash stated that without a quorum the sub-committee would not be able to vote on the issues at hand.

Sally Hemenway, director of Business and Community Services of the Missouri Department of Economic Development, and Jason Zamkus, director of Legislative Affairs of the Department of Economic Development, spoke about the Rebuilding Communities, Brownfield Jobs Investment, Brownfield Remediation, Distressed Area Land Assemblage, Neighborhood Preservation and New Markets tax credits and any legislative activity related to each.

Testimonies from Ron Monsees, vice president of Advantage Capital Partners, Kathy Green, president of the Marshall Board of Education, and Gary Grigsby, Warrensburg small business owner, were heard.

Green's testimony was questioning if there was any way the tax credits could help build new schools and wants to see the tax credits cut back.

"Speaking from a school board position, we feel that tax credits are way out of control ..." she said. "I would just like to speak to the fact that the schools are starving for revenue sources. The cuts by the state and the federal funding are devastating many schools in our area. ... Seeing the state pouring out tax credits as they do with no real oversight or limits actually make us feel like education is not an important part of the state's overall view of what is a priority."

Grigsby spoke to the sub-commitee and audience about being a small business owner in Missouri.

"We need to assure ourselves that we are stimulating the local economy." he said. "We need to look at the mom and pop organizations and how you can help us get our business healthy again."

Grigsby also spoke about the allocation of funds. He said that education and small business should be focused on.

Members of the sub-commitee are Troy Nash, Launa Gifford, Bill Hall of Kansas City and Sen. Robin Wright-Jones of St. Louis.

Hall and Jones were not part of the conversation and a vote could not be held without the full quorum. No date was set for the quorum to vote on the issues at hand. The topic of the vote was not made clear.

Contact Kelsey Alumbaugh at kalumbaugh@marshallnews.com

Related Stories:

Missouri Tax Credit Review Commission meeting in Marshall

www.marshallnews.com/story/1917012.html

Online:

http://tcrc.mo.gov


Comments
Note: The nature of the Internet makes it impractical for our staff to review every comment. If you feel that a comment is offensive, please Login or Create an account first, and then you will be able to flag a comment as objectionable. Please also note that those who post comments on marshallnews.com may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.

THIS IS A GOOD EXAMPLE OF BROKEN GOVERNMENT. NO QUORUM; MEMBERS OF THE COMMITTEE ARE ST. LOUIS/KANSAS CITY. THEIR SINCERE INTEREST IN "TAX CREDITS" FOR RURAL PROJECTS? SO WHERE IS OUR NEW SENATOR DAVID PEARCE OR FOR THAT MATTER SEN. STOUFFER; HE'S STILL BEING PAID FOR SERVICE TO THE DISTRICT.

-- Posted by Chevy on Tue, Dec 4, 2012, at 10:38 AM


Respond to this story

Posting a comment requires free registration. If you already have an account on this site, enter your username and password below. Otherwise, click here to register.

Username:

Password:  (Forgot your password?)

Your comments:
Please be respectful of others and try to stay on topic.