Missouri's Tax Credit Crisis
Read the full document (PDF)Since the late 1990s, Missouri's tax credit system has grown into one of the biggest burdens on the state's annual budgets, expending billions of dollars over the last decade and setting the stage for significant budgetary crises in the near future. In fiscal year 2013, Missouri expects tax credit redemptions to cost the state as much as the state is spending on its correctional and public safety systems — roughly $700 million. Put in another context, the entirety of 2013's projected deficit is less than the state's expected tax credit payout by about $200 million. Suffice to say, this is real money that legislators will have to understand and grapple with, given the squeeze tax credits have put on the FY2013 budget and will put on state budgets in future years.
(This publication page summarizes a full report; the complete analysis is a linked PDF, not reproduced here — see full_report_pdf above.)
View the original at Show-Me Institute →
As confirmed against the Show-Me Institute's website on August 15, 2026, the Institute's stated policy permits reprinting of its published articles and commentary provided the original author receives credit. Letting the Institute know about a reprint is appreciated but is not a condition of use.
This entry was archived under that permission as it stood on the date above. If the Institute's policy changes after that date, it does not apply retroactively to entries already reproduced here under the terms in effect at the time — this is a record of the grant as confirmed, not a live status check.
The original remains hosted at the Institute's own site — use the link below for the canonical version, current formatting, and any images.