By AP/KWMU
Jefferson City, MO – The state of Missouri now offers about 50 different tax credits designed to encourage economic development or public service. But there's no way to make sure that recipients of the credits are
using them legitimately.
The state provides no funding to pay for tax credit auditors. Tax credit recipients aren't required to prove that the money from the credits brought about results.
State Senator Michael Gibbons
(R-Kirkwood) calls the current system a runaway train. He's sponsoring legislation that requires tax credit recipients to submit a detailed report of what they'd do with the money.