Tax Credit Passes House

BREAKING NEWS

After a move by State Representative Jamilah Nasheed to force a vote on the Land Assemblage Tax Credit separately from the larger economic development package, the credit still passed by a large margin of 106 to 45, with six members absent.

Voting in favor of the tax credit were Representatives T.D. El-Amin, Rodney Hubbard*, Connie Johnson and Tom Villa.

Voting against were Representatives Mike Daus, Jamilah Nasheed, Jeanette Mott Oxford and Robyn Wright-Jones.

Speaking on the floor in favor of the bill, Representative Hubbard said, “With the addition of local control, any concerns that people have with any proposed development can now be addressed at the local level.”

Hubbard also read from an editorial in today’s St. Louis American which said, “What is certain is that North City needs major development, and economic development in distressed areas in particular is driven by tax credits. It is also certain that a move from blight of its current scale (and not only on properties owned by McKee) to a project worth major investment is almost certain to involve compromises by North City residents and officials who represent them…”

*Hubbard is a client of A D French & Assoc.