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Monday, February 26, 2007

Quality Jobs Act Reported to Full Senate with Landbanking Section; Headed for Perfection This Week

On February 22, the Committee on Economic Development, Tourism and Local Government of the Missouri Senate reported the Quality Job Act (SB 282) to the full senate. The bill is scheduled for perfection this week.

The Quality Jobs Act now contains the text known as the "Distressed Areas Land Assemblage Tax Credit Act" proposed by Lt. Gov. Peter Kinder and Sen. John Griesheimer (R-26th). That section creates a $100 million subsidy for super-scale urban land acquisition, and its backers have had no reservations in stating that its intended use is north St. Louis and one if not its only beneficiary is developer Paul J. McKee, Jr.

The full text of the reported bill is available here. The "Distressed Areas Land Assemblage Tax Credit Act" comes first in the bill, starting on page one.

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