Missouri Tax Credit Review Commission Briefing Material

2010·138.5 MB·English

by  Missouri Office of Governor

MISSOURI TAX CREDIT
REVIEW COMMISSION
BRIEFING
MATERIAL
Table of Contents
Table of Contents
I. Original Welcome Letter, along with an Updated Contact List.
II. A primer in PowerPoint style fonnat for tax credit tenninology, as prepared by the
Department of Economic Development ("DED").
III. Graphs showing the authorized Issued and Redeemed tax credits from FY 2006-2011, a
Comparison of Tax Credits as a percentage of General Revenue, and the FY 2009
General Revenue Expenditures over $100,000,000.
IV. Department of Economic Development Tax Credit Programs.
V. Examples of Expired Tax Credit Programs.
VI. Department of Agriculture Tax Credit Programs.
VII. Department of Health & Senior Service Tax Credit Programs.
VIII. Department oflnsurance Tax Credit Programs.
IX. Department of Natural Resources Tax Credit Programs.
X. Department of Revenue Tax Credit Programs.
XI. Department of Social Services Tax Credit Programs.
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Section I
• Original Welcome Letter,
dated July 26, 2010
• Updated Contact List
MISSOURI TAX CREDIT REVIEW COMMISSIOI.
Co-Chairs: MEMORAIDUM
•
Senator Chuck Gross *
Steven J. Stogel
Council Members:
Sen. Matt Bartle TO: All Conm1ittee Members
Sen. Jolie Justus
Sen. Robin Wright-Jones FROM: Senator Chuck Gross
Rep. Tim Flook Steven J. Stogel
Rep. Sam Komo
Zack Boyers Date: July 26, 2010
Mark Gardner
Luana Gifford RE: STATE TAX CREDIT REVIEW COMMISSIOJ
Bill Hitll
Dee Joyner Welcome!
David Kendrick
Alan Marble Attached is a distribution list with all of our names, addresses and contact information.
Troy Nash
Melissa Randol This diverse group will undertake, and hopefully reach, a consensus on Recommendations
Tom Reeves to the Governor and Legislature on all 61 existing Missouri tax credit programs. This will
Penney Rector not be an easy task.
Russ Still
Craig Van Matre This Commission will be bi-partisan, 'open book' with all ideas and suggestions, big and
Ray Wagner small, considered.
Todd Weaver
Shannon Weber To that end, next week you will receive a briefing package on the programs, the dollar
Mike Wood economics and the credit amounts authorized, issued and redeemed for each program.
David Zimmermann
Jim Anderson In August, it is the plan to meet with all Commission members. The time and place of
Peter Levi those meetings will be coordinated with you, probably in Kansas City, Jefferson City and
St. Louis City. The goal of these meetings will be to receive your ideas and suggestions.
That said, please forward your available dates after August 16th to Cyndy Crider at
[email protected] (314-725-983 8), so these meeting can be scheduled.
*Not now serving
In September, there will be public hearings on this subject scheduled to invite the broadest
comment and input.
All meetings will be subject to the Sunshine law, as will all written communications.
Over the next week, we will be calling all of you, but in the meantime, please contact
either Co-Chair at any time as we progress on this assignment.
Thanks to all, and more next week.
Tax Credit Review Commission
Gross, Senator Chuck Gross Anderson, Jim
Co-Chair of Commission Springfield Chamber of Commerce
St. Charles County 202 S. John Q. Hammond Parkway
Director of Administration Springfield, MO 65801-1687
I 00 N. Third Street, Suite 318 Office: 417-862-5567
Office: 636-949-7 520, ext. I [email protected]
Cell: 636-288-6369
[email protected] Boyers, Zack
US Bancorp Community Development Corp.
Stogel, Steven 1307 Washington Ave., #300
Co-Chair of Commission St.Louis,MO 63101
DFC Group, Inc. Office: 3 I 4-335-2620
7777 Bonhomme Avenue, #1210 [email protected]
St. Louis, MO 63105
Cell: 314-504-7834 Gardner, Mark
[email protected] Gardner Capital, Inc.
1414 East Primrose, #100
Flook, Representative Tim Springfield, MO 65804
Capitol Building, Room 412 Office: 417-447-1802
Jefferson City, MO 65101 mgard ner@gardnercap it a! inc. com
Office: 573-751-1218
[email protected] Gifford, Luana
American Federation of Teachers
Komo, Representative Sam 227 Jefferson Street
Capitol Building, Room 102-B Jefferson City, MO 65101
Jefferson City, MO 65101 Office: 573-634-2115, ext. 117
Office: 753-751-6625 [email protected]
[email protected]
Hall, Bill
Bartle, Senator Matt Hallmark Foundation
Capitol Building, Room 319 2501 McGee Trafficway
Jefferson City, MO 65101 Kansas City, MO 64108
Office: 573-751-1464 Office: 816-274-5111
Matt [email protected] [email protected]
Justus, Senator Jolie Joyner, Dee
Capitol Building, Room 328 Commerce Bank
Jefferson City, MO 65101 8000 Forsyth Blvd.
Office: 573-751-2788 St. Louis, MO 63105
[email protected] Office: 314-746-7326
[email protected]
Wright-Jones, Senator Robin
Capitol Building, Room 425 Kendrick, David
Jefferson City, MO 65101 Kansas City Building & Construction
Office: 573-751-2606 Trades Council
[email protected]. gov 400 S. Main Street
Independence, MO 64050
Office: 816-836-8485
[email protected]
Tax Credit Review Commission
Levi, Peter S. Van Matre, Craig
Polsinelli Shughart 1108 E. Broadway
700 West 4 7th Street Columbia, MO 65201
Kansas City, MO 64112 Office: 573-847-7777
Office: 816-360-4165 [email protected]
[email protected]
Wagner, Ray
Marble, Alan Enterprise Holding, Inc.
President 600 Corporate Park Drive
Crowder College St. Louis, MO 63105
601 Laclede Office: 314-512-5000
Neosho, MO 64850 [email protected]
Office: 417-455-5534
[email protected] Weaver, Todd
Legacy Building Group
Nash, Troy 1530 South 2nd Street
Zimmer Real Estate Services St. Louis, MO 63104-4504
1220 Washington Street, #100 Office: 314-361-3535
Kansas City, MO 64105 [email protected]
Office: 816-474-2000
[email protected] Weber, Shannon
Carpenters' District Council of
Randol, Melissa Greater St. Louis & Vicinity
Missouri School Boards Association 1401 Hampton A venue
2100 I-70 Drive Southwest St. Louis, MO 63139
Columbia, MO 65203 Office: 314-644-4800
Office: 800-221-6722, ext 351 sweber@ca1:pdc.org
[email protected]
Wood, Mike
Reeves, Tom Missouri State Teachers Association
Pulaski Bank 407 South 6th Street
12300 Olive Blvd. Columbia, MO 65205
St. Louis, MO 63141 Office: 573-442-3127
Office: 314-878-3 523, ext. 5104 [email protected]
Cell: 314-608-4446
[email protected] Zimmermann, David
Sheet Metal Workers, Local 36
Penny Rector 301 South Ewing Avenue
MASA Legal Counsel St. Louis, MO 63103
3550 Amazonas Drive Office: 314-371-2800, ext 24
Jefferson City, MO 65109 Cell: 314-406-6476
Office: 573-638-4825 dcz@sheetmetal3 6 .org
p. [email protected]
Still, Russ
Harlan, Harlan & Still
515 Cherry Street, #300
Columbia, MO 65205
Office: 573-874-2402
[email protected]
2
GOVERNOR Or MISSOUIU
JEREMIAH W. (JAY) NIXO:--.: JEFFERSON CITY P.O. Box 720
t;OVER.'..:OR [phone]
65102
Contact: Scott Holste, [phone]
[email protected]
Sam Murphey, [phone]
[email protected]
FOR IMM ED IA TE RELEASE
July 21, 2010
Gov. Nixon creates new commission to perform
comprehensive review of state tax credit programs
Panel of business and community leaders, legislators will make recommendations
to enhance job creation, boost return on investment for state
JEFFERSON CITY, Mo. - Gov. Jay Nixon today announced the creation of a Tax Credit Review Commission
that will review the state's 61 tax credit programs and make recommendations for greater efficacy and enhanced
return on investment. Gov. Nixon named 25 business, community and legislative leaders to serve on the
commission.
"Missouri must have sharp, effective development tools that will promote growth, create jobs, strengthen our
communities and continue to drive our economic recovery forward," Gov. Nixon said. "This commission will
perform a critical analysis to ensure taxpayers receive the greatest possible return on investment from tax credit
programs and that those programs are used efficiently and effectively. The work of the commission will play a
vital role in reshaping the way the state uses financial incentives to achieve those important goals."
The commission will analyze the efficacy and return on investment for each of the state's 61 tax credit programs
and make recommendations for modifications as appropriate.
Gov. Nixon appointed Steve Stogel and Chuck Gross to co-chair the Tax Credit Review Commission. Stogel is
the President of DSC Group in St. Louis; Gross is the director of administration for St. Charles County. They are
joined on the commission by leaders from the development, education, finance and labor communities, as well as
members of the Missouri General Assembly.
From the Missouri Senate, Gov. Nixon named Sen. Matt Bartle (R- Lee's Summit), Sen. Jolie Justus (D
Kansas City) and Sen. Robin Wright-Jones (D- St. Louis). Gov. Nixon's appointees from the Missouri House
are Rep. Tim Flook (R- Liberty) and Rep. Sam Komo (D- House Springs).
Gov. Nixon also named: Zack Boyers of U.S. Bancorp Community Development Corporation in St. Louis; Mark
Gardner of Gardner Capital in Springfield; Luana Gifford of the American Federation of Teachers in Jefferson
City; Bill Hall of Hallmark in Kansas City; Dee Joyner of Commerce Bank in St. Louis; David Kendrick of the
Kansas City Building and Construction Trades Council; Alan Marble, President of Crowder College in Neosho;
Troy Nash of Zimmer Real Estate Services in Kansas City; Melissa Randol of the Missouri School Boards
Association in Jefferson City; Tom Re~ves of Pulaski Bank in St. Louis; Penney Rector of the Missouri
Association of School Administrators in Jefferson City; Russ Still, a member of the State Board of Education
from Columbia; Craig Van Matre, a member of the coordinating Board for Higher Education from Columbia;
Ray Wagner of Enterprise Rent-A-Car in St. Louis; Todd Weaver of Legacy Building Group of St. Louis;
Shannon Weber of the Carpenters' District Council of Greater St. Louis and Vicinity; Mike Wood of the
Missouri State Teachers Association; and David Zimmerman of the Sheet Metal Workers International
Association, Local 36.
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