House panel signals its position in fight over tax credits

See Related Stories

11/17/2010: Newspaper Story - Members of the Tax Credit Review Commission voted to recommend a lower cap on historic preservation tax credits, dropping funds from $140 million to $75 million

Intro:	The debate over tax credits is heating up in the state Capitol. Lawmakers are trying to figure which credits to cut--and by how much.
RunTime:	0:42
OutCue:	SOC

Wrap: One area where the House and Senate differ: tax credits for low-income housing. The Senate wants to make deep cuts and the House doesn't. Sam Licklider, the lobbyist for the Missouri Association of Realtors said those credits help poor neighborhoods in the state.

Actuality:	REALTAX1.WAV
Run Time:	00:11
Description: "I want to thank the representative for taking a much more reasoned and measured approach than the people at the other end of the building, who kept me up far too late a few nights ago."

The chairwoman of the House economic development committee says she wants to move fast on the issue. St. Charles Republican Ann Zerr says she wants her tax bill on the floor within two weeks.

Reporting from the state Capitol, I'm Wes Duplantier. Newsradio 1120 KMOX.

Intro:	The debate over tax credits is heating up in the state Capitol. Lawmakers are trying to figure which credits to cut--and by how much.
RunTime:	0:42
OutCue:	SOC

Wrap: The Senate has given its approval to a bill that would reduce several tax cuts and put more than $40 million per year back in the state's budget.

But members of the state House say they want a more modest plan for tax credit reform. St. Charles Republican Anne Zerr says she wants to trim the tax cuts--not slash them.

Actuality:	ZERRTAX.WAV
Run Time:	00:11
Description: "I want to send something over to the Senate that makes sense, that shows a good faith effort to cut and cap and sunset where it's appropriate. But I don't want to throw the baby out with the bath water."

Zerr says she wants to move fast on the tax credit issue. She says she want to send a bill to the House floor sometime in the next two weeks.

Reporting from the state Capitol, I'm Wes Duplantier. Newsradio 1120 KMOX.

Intro:	The debate over tax credits is heating up in the state Capitol. Lawmakers are trying to figure which credits to cut--and by how much.
RunTime:	0:44
OutCue:	SOC

Wrap: The Senate has given its approval to a bill that would reduce several tax cuts and put more than $40 million per year back in the state's budget.

The chair of House Economic Development Committee, St. Charles Republican Anne Zerr, says she wants to scale back tax credits, but not as deeply as the Senate.

Actuality:	ZERR3.WAV
Run Time:	00:13
Description: "I think if they're rational and they have accountability and we the state receives a return on its investment, it can be a healthy thing. But I also think that times change."

Zerr says she wants to move fast on the tax credit issue. She says she has a bill she wants send to the House floor sometime in the next two weeks.

Reporting from the state Capitol, I'm Wes Duplantier. Newsradio 1120 KMOX.