Legislation that would give companies building on blighted and undesirable land a tax break is swiftly making its way through the Senate. But it could be headed for a roadblock.
House Republicans have made it clear they have income tax cuts on the mind – to the tune of costing the state 1 – point-1 billion dollars in revenue during its first full year.
But with a Senate bill that would allow developers to capture some tax revenue to pay for specific projects, the question becomes is there room for both.
Senator Ken Horn is a sponsor of the tax capture bills. He says he is willing to work with members of the House.
“We’ve got many in the House that favor this idea, ‘cause there are a lot of conservative values that are built into it.”
A spokesperson for Senate Majority Leader Alan Meekhof says they are looking to put the legislation up for a full Senate vote within the next couple weeks.