Glen Carbon is near St. Louis.
[they] want the state to essentially forgive all sales taxes there so the revenue could pay off bonds to build it.
A bill creating that unprecedented "STAR" (sales tax revenue) bond arrangement passed the Legislature earlier this year, but Quinn, citing an estimated $15 million annual loss in revenue to the state, issued an amendatory veto to cut the tax break in half.
Click on the following for the rest of the story: Legoland interested in development seeking tax breaks at Glen Carbon - STLtoday.com
No comments:
Post a Comment