Wrap: By an overwhelming vote of 28-3, the Missouri Senate backed a bill that would cut the amount of tax credits available to historic buildings nearly in half.

This-tacked on the the original bill that put in safeguards to prevent future economic development failures-is a non-starter in the House.

The House Speaker called it "unacceptable" and the bill's original sponsor Republican Representative Jay Barnes says he won't touch it now.

Barnes' introduced this bill originally as a response to Mamtek - the failed sweetener plant that defaulted on nearly $40 million in city issued-bonds from the small town of Moberly.

Reporting from the state Capitol, I'm Matt Evans. Newsradio 1120 KMOX.

Wrap: Cutting the amount of historic preservation tax credits has been called "unacceptable" by House leadership.

The language is tacked on to a bill that originally was introduced in response to Mamtek - the failed sweetener plant that defaulted on nearly $40 million in city-issued bonds from the town of Moberly.

The original bill would put in safeguards to try to prevent future economic development failures like that.

The bill's sponsor Republican Representative Jay Barnes says he won't pick back up bill now, but there's still a chance that some of the safeguards will still be put in place.

The Senate passed the bill by a vote of 28-3.

Reporting from the state Capitol, I'm Matt Evans. Newsradio 1120 KMOX.