Saturday, September 10, 2011

Missouri prepares to end tax credit for elderly and disabled

The Associated Press is reporting that Missouri legislators are about to repeal a $750 state tax credit that has helped over 100,000 disabled and elderly residents who live in rental housing.

According to the AP, "The move could save the state $855 million over 15 years, and some lawmakers want to redirect a portion of that money to new tax breaks intended to lure Chinese cargo planes to the St. Louis airport and more businesses to Missouri."

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