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College Tax Credits

Missouri's governor says he will ask state lawmakers next year to approve a plan to give tax breaks for students attending college. Phill Brooks has the story from Jefferson City:

It is the second major tax proposal announced by the governor so far this fall.

The first was near elimination of the state sales tax on groceries.

The latest is a 15-hundred dollar a year tax credit for college tuition and fees for the first two years of school.

In announcing the plan, Mel Carnahan described it as a way to get better jobs for Missourians.

Actuality:
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Contents: [102K WAV file - Carnahan says college prepares Missourians for the jobs of tommorrow.]

Carnahan's Republican opponent for reelection -- State Auditor Margaret Kelly -- was unavailable for comment after the governor's announcement.

Earlier, she had said she'd limit her campaign to the last six weeks before the November election.

SOC

Another tax-relief plan has been proposed by Missouri's governor. Phill Brooks has the story from Jefferson City:

Last month, the governor endorsed a sales tax cut on food. This month, he's endorsed tax refunds for college-student tuition.

Under Mel Carnahan's proposal, Missouri college students would get up to 15-hundred dollars a year in tax credits for the first two years of college.

Both public and private school students would be eligible under Carnahan's plan:

Carnahan's plan would be phased in during a three-year period starting in January of 1998.

The Higher Education Department estimates some 89-thousand Missourians eventually would qualify for the benefits.

SOC