Missouri cattle and other tax incentives go down with veto

US - A tax incentive designed to grow the cattle industry in Missouri was vetoed by Governor Matt Blunt late last week. It was part of a larger economic development policy bill which the governor says was bloated and would have cost the state too much money for some causes that he deemed questionable.

10 July 2007

1 minute read

North America

The sponsor of the beef tax incentive, Representative Charlie Schlottach of Owensville, says he agrees that the bill was overloaded but that this tax break is unique, "It has to show benefit to the state of Missouri before the state of Missouri would pay out any of the tax credits. This is back-loaded, so to speak."

Source: Brownfield