Thursday, December 6, 2007

Committee Approves MEDC Priority for Further Discussion

December 5, 2007 - The Joint Committee on Tax Policy has completed their review of the feasibility of one of MEDC's priority legislative proposals.

Senator Brad Lager (R-12, Maryville) made the motion for the committee to approve further discussion and review of the proposal by the Missouri General Assembly, which was approved by a voice vote of the committee. Two committee members made suggestions for improvements to the legislation which will be made:
  • The name will change from the Missouri Economic Development Code to the Missouri Voluntary Developer Agreement Law to more accurately reflect the purpose of the law; and,
  • A section stating the new law would override other statutes will be removed.

The 2008 Legislative Session begins January 9.