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Home / MLM News Roundup / National / Missouri Senate backs limits on tax breaks in floodplains

Missouri Senate backs limits on tax breaks in floodplains

Missouri senators passed legislation last week limiting tax breaks for future developments in flood plains and giving school districts new powers to prevent their tax revenues from being diverted to developers. The legislation revamping the state's "tax increment financing" laws cleared the Senate without any dissent and now heads to the House, where a similar proposal ...