FILE - In a Tuesday, June 12, 2012 file photo, former President George H.W. Bush, and his wife, former first lady Barbara Bush, arrive for the premiere of HBO's new documentary on his life near the family compound in Kennebunkport, Maine. Bush spokesman Jim McGrath said Wednesday, Dec. 26. 2012 that doctors at the Houston hospital where Bush has been treated for a month remain “cautiously optimistic” that he will recover. Still, no discharge date has been set, and McGrath says that doctors are being cautious because at Bush’s age “sometimes issues crop up that are beyond anybody’s ability to discern or foretell.”(AP Photo/Charles Krupa, File)
Effort to end Mo. renters tax break gains backing
Published: 03:17:29 PM, Fri 22 February 2013 UTC
JEFFERSON CITY, Mo. (AP) — An effort to abolish a Missouri tax break for seniors and disabled residents who live in rental housing is gaining some powerful support.
Senate President Pro Tem Tom Dempsey, a Republican, has filed legislation to end the tax credit that provides up to $750 annually to senior and disabled individuals with incomes below $27,500.
Dempsey's bill would implement a proposal by Democratic Gov. Jay Nixon to deposit the savings from the abolished tax credit into a new fund for programs that serve seniors and the disabled.
A commission appointed in 2010 by Nixon recommended ending the tax credit for renters while allowing it to continue for homeowners. Nixon initially had opposed the idea, and Dempsey had voted to keep the tax credit for renters in September 2011.
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