JEFFERSON CITY, Mo. (AP) - Missouri senators have passed legislation scaling back tax breaks for developers and offering new incentives for high-tech businesses and world trade.
The Senate's 27-7 vote Thursday sends the bill to the House, where it already faces opposition over some provisions.
House Speaker Tim Jones has said that senators "over-reached" by significantly lowering the amount of tax credits that can be awarded for the construction of low-income housing and the renovation of historic buildings. But Jones likes other parts of the Senate bill that create new tax credits for air cargo exports, computer data centers and investors in high-tech, start-up businesses.
Senators have said they are willing to negotiate on their differences with the House. A similar proposal to overhaul Missouri's tax credits failed during a 2011 special session.