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Thursday, March 6, 2008

BILL WOULD FORCE LAWMAKERS TO DISCLOSE TAX BREAKS

The House Elections Committee on March 4 held a public hearing on legislation to require lawmakers to publicly disclose any state tax credits received by themselves, their spouses or their children. Under HB 1674, such tax breaks would be listed on the personal financial disclosure reports that lawmakers already must file with the Missouri Ethics Commission.
State Rep. Shannon Cooper, R-Clinton, said he got the idea for the bill after it came to light that several Missouri lawmakers have received tax credits, mostly for ethanol plant investments, and weren’t required to disclosure that fact. The Missourinet reported that Cooper doesn’t mind lawmakers getting tax credits but opposes them doing so secretly

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