Tax Credits Archives - Show-Me Institute https://showmeinstitute.org/topics/tax-credits/ Where Liberty Comes First Tue, 07 Jul 2026 21:21:26 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 https://showmeinstitute.org/wp-content/uploads/2025/09/show-me-icon-150x150.png Tax Credits Archives - Show-Me Institute https://showmeinstitute.org/topics/tax-credits/ 32 32 Senate Bill 1079: Film Tax Credits https://showmeinstitute.org/publication/tax-credits/senate-bill-1079-film-tax-credits/ Wed, 04 Mar 2026 15:54:31 +0000 https://showmeinstitute.org/?post_type=publication&p=602177 On March 4, Show-Me Institute Director of State Budget and Fiscal Policy Elias Tsapelas submits testimony to the Missouri Senate Economic and Workforce Development Committee regarding film tax credits. The […]

The post Senate Bill 1079: Film Tax Credits appeared first on Show-Me Institute.

]]> On March 4, Show-Me Institute Director of State Budget and Fiscal Policy Elias Tsapelas submits testimony to the Missouri Senate Economic and Workforce Development Committee regarding film tax credits. The full testimony text is below.

TO THE HONORABLE MEMBERS OF THE COMMITTEE

Thank you for the opportunity to testify. My name is Elias Tsapelas, and I’m the Director of State Budget and Fiscal Policy at the Show-Me Institute, a nonprofit, nonpartisan, Missouri-based think tank that advances sensible, well-researched, free-market solutions to state and local policy issues. The ideas presented here are my own and are offered in consideration of proposals that will affect tax credits in Missouri.

Senate Bill 1079 consolidates Missouri’s existing film and series production tax credit sub-caps into a single $16 million pool for both, leaving the state’s total commitment the same. The only substantive effect of the bill would be to give the Film Office more flexibility in how the same dollars are allocated. That flexibility does not address the fundamental problem with this program.

Current and Past Tax Credit Failures

Despite the Missouri film tax credit’s recent revival, our state has a long history with this troubling incentive. Until its sunset in 2013, Missouri’s previous iteration made promises similar to what supporters are touting today. Missouri’s own Tax Credit Review Commission recommended the credit be eliminated because it served too narrow an industry and failed to provide a positive return on investment.1

Research confirms that pattern holds nationally. Film tax credits have not resulted in job growth, have not affected market share or industry output, and have produced only short-term wage gains for those already in the industry.2 Credits in many states generated just cents on the dollar. As one Tax Foundation analyst notes, “non-favored activities and businesses remain on the hook to bear the full impact of the state’s tax code.”3

The Missouri Film Office has pointed to the number of projects approved and production spending in the state as evidence the program is working, but that is not the right measure for determining whether the program is a good investment for state taxpayers.4 The relevant question is how much the state receives back in tax revenue and broader economic activity—and by that measure, the research is consistent: film tax credits do not generate a positive return.

The Competitiveness Argument Doesn’t Hold

Supporters of SB 1079 argue that pooling the sub-caps will make Missouri more competitive for productions. Even setting aside the ROI question, that argument doesn’t hold.

Steven Conrad, the showrunner who created a new HBO series set in St. Louis and filmed it entirely in Atlanta, recently suggested that governments may not be well-served by chasing the film industry at all.5 His observation reflects a structural reality: Georgia has spent two decades building the studios, crews, soundstages, and production infrastructure that make large productions possible. Missouri has not. No reallocation of $16 million changes that.

Georgia’s own state auditor found that even Georgia’s fully developed, deeply established program returned just 10 cents to the state for every dollar of credit granted, producing a net revenue loss of $602 million in a single year.6 If one of the most mature film-incentive programs in the country cannot generate a positive return on investment, a program at a fraction of its scale operating in a state without comparable infrastructure has no prospect of doing so.

Targeted Credits Are Poor Economic Policy

Targeted economic development tax credits are just another way for lawmakers to pick winners and losers, a job that is better left to consumers in the market. When tax breaks are given to some, other taxpayers have to make up for the lost revenue. The impulse to do something to support an industry is understandable, but tax credits are a poor substitute for the conditions that make industries thrive organically. A dollar of film tax credits reduces state revenue by exactly the same amount as a dollar of direct appropriations—the difference is that credits bypass the appropriations process and receive less scrutiny.

Prioritize Tax Relief That Benefits All Missourians

Missouri is already a national leader in state spending in the name of economic development. Over the past few decades, Missouri has forgone billions in state tax revenue in favor of a host of narrow incentives that have consistently shown poor results. In FY2025 alone, Missouri redeemed more than $961 million in tax credits—nearly double the $521 million redeemed in 2010.7 The General Assembly is simultaneously weighing whether to eliminate the state income tax, a reform that would deliver broad economic benefits to every Missourian. The legislature should consider whether a growing tax credit portfolio is consistent with that goal. Expanding targeted credits that erode the income-tax base works against broad-based tax relief, and Missouri would be better served by pursuing the latter.

The film tax credit is a small program, but it exemplifies the approach to tax policy that makes comprehensive reform harder to achieve. Tax credit programs have not been successful in Missouri in the past, there is little evidence to suggest the film tax credit is succeeding now, and there is no reason to believe this program will perform differently under a restructured allocation. If increasing economic opportunity is the goal, the research is clear: Instead trying to manufacture more opportunities at the expense of taxpayers, lawmakers should provide broad-based tax relief to every Missourian.

NOTES

  1. “Report of the Missouri Tax Credit Review Commission.” Missouri Tax Credit Review Commission. 2010; https://www.semissourian.com/files/tcrcfinalreport113010.pdf.
  2. “Lights, camera and no action: How state film subsidies fail.” USC Press Release. August 18, 2016; https://pressroom.usc.edu/lights-camera-and-no-action-how-state-film-subsidies-fail.
  3. Loughead, Katherine. “Illuminating the Hidden Costs of State Tax Incentives.” Tax Foundation. 2021; https://taxfoundation.org/state-tax-incentives-costs.
  4. “Made-in-Missouri Film and TV Productions Spent $40.7 Million in 2025.” Missouri Department of Economic Development. February 2026; https://ded.mo.gov/press-room/made-missouri-film-and-tv-productions-spent-407-million-2025.
  5. Neman, Daniel. “HBO’s DTF St. Louis has a dream cast, but it wasn’t shot here.” St. Louis Post-Dispatch. February 26, 2026; https://www.stltoday.com/life-entertainment/local/movies-tv/article_cfa2d34c-435a-40fd-9fa5-75933d716915.html.
  6. “Impact of the Georgia Film Tax Credit.” Georgia Department of Audits and Accounts, Performance Audit Division. Report No. 18-03B. January 2020; https://www.audits.ga.gov/ReportSearch/download/23536.
  7. “Fourth Quarter Tax Credit Report, Fiscal Year 2025.” Missouri Department of Revenue. 2025; https://dor.mo.gov/public-reports/documents/Fourth-Quarter-FY25-Tax-Credit-Report.pdf.

The post Senate Bill 1079: Film Tax Credits appeared first on Show-Me Institute.

]]> House Bill 2142: Film Tax Credits https://showmeinstitute.org/publication/tax-credits/house-bill-2142-film-tax-credits/ Wed, 04 Mar 2026 15:46:54 +0000 https://showmeinstitute.org/?post_type=publication&p=602173 On March 3, Show-Me Institute Director of State Budget and Fiscal Policy Elias Tsapelas submits testimony to the Missouri House Committee on Economic Development regarding film tax credits. The full […]

The post House Bill 2142: Film Tax Credits appeared first on Show-Me Institute.

]]> On March 3, Show-Me Institute Director of State Budget and Fiscal Policy Elias Tsapelas submits testimony to the Missouri House Committee on Economic Development regarding film tax credits. The full testimony is below:

TO THE HONORABLE MEMBERS OF THE COMMITTEE

Thank you for the opportunity to testify. My name is Elias Tsapelas, and I’m the Director of State Budget and Fiscal Policy at the Show-Me Institute, a nonprofit, nonpartisan, Missouri-based think tank that advances sensible, well-researched, free-market solutions to state and local policy issues. The ideas presented here are my own and are offered in consideration of proposals that will affect tax credits in Missouri.

House Bill 2142 consolidates Missouri’s existing film and series production tax credit sub-caps into a single $16 million pool for both, leaving the state’s total commitment the same. The only substantive effect of the bill would be to give the Film Office more flexibility in how the same dollars are allocated. That flexibility does not address the fundamental problem with this program.

Current and Past Tax Credit Failures

Despite the Missouri film tax credit’s recent revival, our state has a long history with this troubling incentive. Until its sunset in 2013, Missouri’s previous iteration made promises similar to what supporters are touting today. Missouri’s own Tax Credit Review Commission recommended the credit be eliminated because it served too narrow an industry and failed to provide a positive return on investment.1

Research confirms that pattern holds nationally. Film tax credits have not resulted in job growth, have not affected market share or industry output, and have produced only short-term wage gains for those already in the industry.2 Credits in many states generated just cents on the dollar. As one Tax Foundation analyst notes, “non-favored activities and businesses remain on the hook to bear the full impact of the state’s tax code.”3

 

The Missouri Film Office has pointed to the number of projects approved and production spending in the state as evidence the program is working, but that is not the right measure for determining whether the program is a good investment for state taxpayers.4 The relevant question is how much the state receives back in tax revenue and broader economic activity—and by that measure, the research is consistent: film tax credits do not generate a positive return.

The Competitiveness Argument Doesn’t Hold

Supporters of HB 2142 argue that pooling the sub-caps will make Missouri more competitive for productions. Even setting aside the ROI question, that argument doesn’t hold.

Steven Conrad, the showrunner who created a new HBO series set in St. Louis and filmed it entirely in Atlanta, recently suggested that governments may not be well-served by chasing the film industry at all.5 His observation reflects a structural reality: Georgia has spent two decades building the studios, crews, soundstages, and production infrastructure that make large productions possible. Missouri has not. No reallocation of $16 million changes that.

Georgia’s own state auditor found that even Georgia’s fully developed, deeply established program returned just 10 cents to the state for every dollar of credit granted, producing a net revenue loss of $602 million in a single year.6 If one of the most mature film-incentive programs in the country cannot generate a positive return on investment, a program at a fraction of its scale operating in a state without comparable infrastructure has no prospect of doing so.

Targeted Credits Are Poor Economic Policy

Targeted economic development tax credits are just another way for lawmakers to pick winners and losers, a job that is better left to consumers in the market. When tax breaks are given to some, other taxpayers have to make up for the lost revenue. The impulse to do something to support an industry is understandable, but tax credits are a poor substitute for the conditions that make industries thrive organically. A dollar of film tax credits reduces state revenue by exactly the same amount as a dollar of direct appropriations—the difference is that credits bypass the appropriations process and receive less scrutiny.

Prioritize Tax Relief That Benefits All Missourians

Missouri is already a national leader in state spending in the name of economic development. Over the past few decades, Missouri has forgone billions in state tax revenue in favor of a host of narrow incentives that have consistently shown poor results. In FY2025 alone, Missouri redeemed more than $961 million in tax credits—nearly double the $521 million redeemed in 2010.7 The General Assembly is simultaneously weighing whether to eliminate the state income tax, a reform that would deliver broad economic benefits to every Missourian. The legislature should consider whether a growing tax credit portfolio is consistent with that goal. Expanding targeted credits that erode the income-tax base works against broad-based tax relief, and Missouri would be better served by pursuing the latter.

The film tax credit is a small program, but it exemplifies the approach to tax policy that makes comprehensive reform harder to achieve. Tax credit programs have not been successful in Missouri in the past, there is little evidence to suggest the film tax credit is succeeding now, and there is no reason to believe this program will perform differently under a restructured allocation. If increasing economic opportunity is the goal, the research is clear: Instead trying to manufacture more opportunities at the expense of taxpayers, lawmakers should provide broad-based tax relief to every Missourian.

NOTES

  1. “Report of the Missouri Tax Credit Review Commission.” Missouri Tax Credit Review Commission. 2010; https://www.semissourian.com/files/tcrcfinalreport113010.pdf.
  2. “Lights, camera and no action: How state film subsidies fail.” USC Press Release. August 18, 2016; https://pressroom.usc.edu/lights-camera-and-no-action-how-state-film-subsidies-fail.
  3. Loughead, Katherine. “Illuminating the Hidden Costs of State Tax Incentives.” Tax Foundation. 2021; https://taxfoundation.org/state-tax-incentives-costs.
  4. “Made-in-Missouri Film and TV Productions Spent $40.7 Million in 2025.” Missouri Department of Economic Development. February 2026; https://ded.mo.gov/press-room/made-missouri-film-and-tv-productions-spent-407-million-2025.
  5. Neman, Daniel. “HBO’s DTF St. Louis has a dream cast, but it wasn’t shot here.” St. Louis Post-Dispatch. February 26, 2026; https://www.stltoday.com/life-entertainment/local/movies-tv/article_cfa2d34c-435a-40fd-9fa5-75933d716915.html.
  6. “Impact of the Georgia Film Tax Credit.” Georgia Department of Audits and Accounts, Performance Audit Division. Report No. 18-03B. January 2020; https://www.audits.ga.gov/ReportSearch/download/23536.
  7. “Fourth Quarter Tax Credit Report, Fiscal Year 2025.” Missouri Department of Revenue. 2025; https://dor.mo.gov/public-reports/documents/Fourth-Quarter-FY25-Tax-Credit-Report.pdf.

The post House Bill 2142: Film Tax Credits appeared first on Show-Me Institute.

]]> House Bill 2058: Film Tax Credits https://showmeinstitute.org/publication/tax-credits/house-bill-2058-film-tax-credits/ Tue, 03 Mar 2026 15:30:49 +0000 https://showmeinstitute.org/?post_type=publication&p=602168 On March 3, Show-Me Institute Director of State Budget and Fiscal Policy Elias Tsapelas submits testimony to the Missouri House Committee on Economic Development regarding film tax credits. The full […]

The post House Bill 2058: Film Tax Credits appeared first on Show-Me Institute.

]]> On March 3, Show-Me Institute Director of State Budget and Fiscal Policy Elias Tsapelas submits testimony to the Missouri House Committee on Economic Development regarding film tax credits. The full testimony is below:

TO THE HONORABLE MEMBERS OF THE COMMITTEE

Thank you for the opportunity to testify. My name is Elias Tsapelas, and I’m the Director of State Budget and Fiscal Policy at the Show-Me Institute, a nonprofit, nonpartisan, Missouri-based think tank that advances sensible, well-researched, free-market solutions to state and local policy issues. The ideas presented here are my own and are offered in consideration of proposals that will affect tax credits in Missouri.

House Bill 2058 consolidates Missouri’s existing film and series production tax credit sub-caps into a single $16 million pool for both, leaving the state’s total commitment the same. The only substantive effect of the bill would be to give the Film Office more flexibility in how the same dollars are allocated. That flexibility does not address the fundamental problem with this program.

Current and Past Tax Credit Failures

Despite the Missouri film tax credit’s recent revival, our state has a long history with this troubling incentive. Until its sunset in 2013, Missouri’s previous iteration made promises similar to what supporters are touting today. Missouri’s own Tax Credit Review Commission recommended the credit be eliminated because it served too narrow an industry and failed to provide a positive return on investment.1

Research confirms that pattern holds nationally. Film tax credits have not resulted in job growth, have not affected market share or industry output, and have produced only short-term wage gains for those already in the industry.2 Credits in many states generated just cents on the dollar. As one Tax Foundation analyst notes, “non-favored activities and businesses remain on the hook to bear the full impact of the state’s tax code.”3

The Missouri Film Office has pointed to the number of projects approved and production spending in the state as evidence the program is working, but that is not the right measure for determining whether the program is a good investment for state taxpayers.4 The relevant question is how much the state receives back in tax revenue and broader economic activity—and by that measure, the research is consistent: film tax credits do not generate a positive return.

The Competitiveness Argument Doesn’t Hold

Supporters of HB 2058 argue that pooling the sub-caps will make Missouri more competitive for productions. Even setting aside the ROI question, that argument doesn’t hold.

Steven Conrad, the showrunner who created a new HBO series set in St. Louis and filmed it entirely in Atlanta, recently suggested that governments may not be well-served by chasing the film industry at all.5 His observation reflects a structural reality: Georgia has spent two decades building the studios, crews, soundstages, and production infrastructure that make large productions possible. Missouri has not. No reallocation of $16 million changes that.

Georgia’s own state auditor found that even Georgia’s fully developed, deeply established program returned just 10 cents to the state for every dollar of credit granted, producing a net revenue loss of $602 million in a single year.6 If one of the most mature film-incentive programs in the country cannot generate a positive return on investment, a program at a fraction of its scale operating in a state without comparable infrastructure has no prospect of doing so.

Targeted Credits Are Poor Economic Policy

Targeted economic development tax credits are just another way for lawmakers to pick winners and losers, a job that is better left to consumers in the market. When tax breaks are given to some, other taxpayers have to make up for the lost revenue. The impulse to do something to support an industry is understandable, but tax credits are a poor substitute for the conditions that make industries thrive organically. A dollar of film tax credits reduces state revenue by exactly the same amount as a dollar of direct appropriations—the difference is that credits bypass the appropriations process and receive less scrutiny.

Prioritize Tax Relief That Benefits All Missourians

Missouri is already a national leader in state spending in the name of economic development. Over the past few decades, Missouri has forgone billions in state tax revenue in favor of a host of narrow incentives that have consistently shown poor results. In FY2025 alone, Missouri redeemed more than $961 million in tax credits—nearly double the $521 million redeemed in 2010.7 The General Assembly is simultaneously weighing whether to eliminate the state income tax, a reform that would deliver broad economic benefits to every Missourian. The legislature should consider whether a growing tax credit portfolio is consistent with that goal. Expanding targeted credits that erode the income-tax base works against broad-based tax relief, and Missouri would be better served by pursuing the latter.

The film tax credit is a small program, but it exemplifies the approach to tax policy that makes comprehensive reform harder to achieve. Tax credit programs have not been successful in Missouri in the past, there is little evidence to suggest the film tax credit is succeeding now, and there is no reason to believe this program will perform differently under a restructured allocation. If increasing economic opportunity is the goal, the research is clear: Instead trying to manufacture more opportunities at the expense of taxpayers, lawmakers should provide broad-based tax relief to every Missourian.

NOTES

  1. “Report of the Missouri Tax Credit Review Commission.” Missouri Tax Credit Review Commission. 2010; https://www.semissourian.com/files/tcrcfinalreport113010.pdf.
  2. “Lights, camera and no action: How state film subsidies fail.” USC Press Release. August 18, 2016; https://pressroom.usc.edu/lights-camera-and-no-action-how-state-film-subsidies-fail.
  3. Loughead, Katherine. “Illuminating the Hidden Costs of State Tax Incentives.” Tax Foundation. 2021; https://taxfoundation.org/state-tax-incentives-costs.
  4. “Made-in-Missouri Film and TV Productions Spent $40.7 Million in 2025.” Missouri Department of Economic Development. February 2026; https://ded.mo.gov/press-room/made-missouri-film-and-tv-productions-spent-407-million-2025.
  5. Neman, Daniel. “HBO’s DTF St. Louis has a dream cast, but it wasn’t shot here.” St. Louis Post-Dispatch. February 26, 2026; https://www.stltoday.com/life-entertainment/local/movies-tv/article_cfa2d34c-435a-40fd-9fa5-75933d716915.html.
  6. “Impact of the Georgia Film Tax Credit.” Georgia Department of Audits and Accounts, Performance Audit Division. Report No. 18-03B. January 2020; https://www.audits.ga.gov/ReportSearch/download/23536.
  7. “Fourth Quarter Tax Credit Report, Fiscal Year 2025.” Missouri Department of Revenue. 2025; https://dor.mo.gov/public-reports/documents/Fourth-Quarter-FY25-Tax-Credit-Report.pdf.

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]]> A Free-Market Guide for Missouri Municipalities, Part Three: Planning and Zoning https://showmeinstitute.org/publication/state-and-local-government/a-free-market-guide-for-missouri-municipalities-part-three-planning-and-zoning/ Sat, 30 Aug 2025 02:04:24 +0000 http://showmeinstitute.local/publications/a-free-market-guide-for-missouri-municipalities-part-three-planning-and-zoning/ This third installment in the free-market municipality series examines the use of planning and zoning in Missouri cities and suggests reforms to improve how they are implemented and managed. It […]

The post A Free-Market Guide for Missouri Municipalities, Part Three: Planning and Zoning appeared first on Show-Me Institute.

]]> This third installment in the free-market municipality series examines the use of planning and zoning in Missouri cities and suggests reforms to improve how they are implemented and managed. It explores several options to expand housing availability while strengthening property rights for Missourians. The report also highlights how the St. Louis and Kansas City metropolitan areas have less restrictive zoning than many comparable cities, and the benefits that result from this.

A Free-Market Guide for Missouri Municipalities, Part Three: Planning and Zoning


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]]> The Free-Market Municipality Project https://showmeinstitute.org/publication/state-and-local-government/a-free-market-guide-for-missouri-municipalities/ Tue, 15 Apr 2025 03:30:23 +0000 http://showmeinstitute.local/publications/the-free-market-municipality-project/ Table of Contents About the Project Part One: Municipal Organization and Structure Part Two: Taxation Part Three: Planning and Zoning Part Four: Parks and Recreation Media About the Project About […]

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]]>

Table of Contents

About the Project

Download Part One and Two

How should cities, towns, and villages in Missouri organize, fund, and operate themselves to better serve residents and taxpayers? What policies lead to more effective service delivery, improved accountability, and greater economic growth?

A Free-Market Guide for Missouri Municipalities is a multi-part series by David Stokes, director of municipal policy at the Show-Me Institute, that answers these questions through a careful application of free market–oriented policies.

This series is designed to serve as a practical resource for municipal officials, taxpayer advocates, and engaged citizens. Each part incorporates historical context, political realities, and academic research relevant to local governance in Missouri.

Part One: Municipal Organization and Structure

Download Part One

This installment examines how Missouri municipalities are structured—from villages with boards of trustees to charter cities with professional managers—and how those structures influence government performance. It addresses city managers vs. city administrators, the size and selection of governing bodies, oversight and accountability practices, and the implications of civil service rules and bureaucracy. Drawing on public choice theory and real-world Missouri examples, the report evaluates how form impacts function in local government.

Part One: Municipal Organization and Structure

Part Two: Taxation

Download Part Two

This report analyzes the sources of municipal revenue in Missouri and evaluates the state’s heavy reliance on sales and income taxes. It makes the case for rebalancing local finance by placing more emphasis on property taxes and user fees, and less on volatile and distortionary sources. Topics include land taxes, special taxing districts, user fees, local gas taxes, and the economic consequences of tax subsidies like TIF. The report offers practical recommendations to make local tax systems more stable, transparent, and conducive to long-term prosperity.

Part Two: Taxation

Part Three: Planning and Zoning

Download Part Three

This third installment in the free-market municipality series examines the use of planning and zoning in Missouri cities and suggests reforms to improve how they are implemented and managed. It explores several options to expand housing availability while strengthening property rights for Missourians. The report also highlights how the St. Louis and Kansas City metropolitan areas have less restrictive zoning than many comparable cities, and the benefits that result from this.

Part Three: Planning and Zoning

Part Four: Parks and Recreation

Download Part Four

This fourth installment in A Free-Market Guide for Missouri Municipalities series examines how cities provide and manage parks and recreational services. It outlines which park assets are best funded through general taxes and which should rely more heavily on user fees, and explains why those distinctions matter. The report also explores opportunities for outsourcing, contracting, and service sharing to reduce costs and improve service quality, while cautioning against taxpayer-funded facilities that unnecessarily compete with the private sector.

Part Four: Parks

Media About the Project

Podcast:

Free Market Policies for Better Local Government with David Stokes

Listen to Episode

The Three-Legged Stool of Taxes with David Stokes

Listen to Episode

A Free-Market Guide to Zoning with David Stokes

Listen to Episode

Related Commentary

“A free-city project for Missouri” by David Stokes in the Columbia Missourian



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]]> Film Tax Credits https://showmeinstitute.org/publication/corporate-welfare/film-tax-credits-2-2/ Tue, 08 Apr 2025 02:46:51 +0000 http://showmeinstitute.local/publications/film-tax-credits/ On April 8, Elias Tsapelas and David Stokes of the Show-Me Institute submit testimony to the Missouri House Committee on Economic Development regarding film tax credits. Click here to read […]

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]]> On April 8, Elias Tsapelas and David Stokes of the Show-Me Institute submit testimony to the Missouri House Committee on Economic Development regarding film tax credits. Click here to read the full testimony.

The post Film Tax Credits appeared first on Show-Me Institute.

]]> Senate Bill 10: Sunset Provisions for Tax Credits https://showmeinstitute.org/publication/subsidies/senate-bill-10-sunset-provisions-for-tax-credits/ Tue, 01 Apr 2025 20:45:02 +0000 http://showmeinstitute.local/publications/senate-bill-10-sunset-provisions-for-tax-credits/ On Tuesday, April 1, Show-Me Institute Senior Fellow Patrick Tuohey submits testimony to the Missouri House Government Efficiency Committee regarding Senate Bill 10 and sunset provisions for various tax credits […]

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]]> On Tuesday, April 1, Show-Me Institute Senior Fellow Patrick Tuohey submits testimony to the Missouri House Government Efficiency Committee regarding Senate Bill 10 and sunset provisions for various tax credits and reimbursement programs. Click here to read the full testimony.

The post Senate Bill 10: Sunset Provisions for Tax Credits appeared first on Show-Me Institute.

]]> The Entertainment Industry Jobs Act: House Bills 133 and 583 https://showmeinstitute.org/publication/tax-credits/the-entertainment-industry-jobs-act-house-bills-133-and-583/ Wed, 15 Feb 2023 03:34:14 +0000 http://showmeinstitute.local/publications/the-entertainment-industry-jobs-act-house-bills-133-and-583/ On February 15, Show-Me Institute Director of Municipal Policy David Stokes submits testimony to the Missouri House Economic Development Committee regarding the Entertainment Jobs Act. Click here to read the […]

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]]> On February 15, Show-Me Institute Director of Municipal Policy David Stokes submits testimony to the Missouri House Economic Development Committee regarding the Entertainment Jobs Act. Click here to read the full testimony.

The post The Entertainment Industry Jobs Act: House Bills 133 and 583 appeared first on Show-Me Institute.

]]> Film and Entertainment Industry Tax Credits https://showmeinstitute.org/publication/tax-credits/film-and-entertainment-industry-tax-credits/ Mon, 30 Jan 2023 03:25:48 +0000 http://showmeinstitute.local/publications/film-and-entertainment-industry-tax-credits/ On January 30, Show-Me Institute Director of State Budget and Fiscal Policy Elias Tsapelas submits testimony to the Missouri Senate Economic Development and Tax Policy Committee regarding Senate Bills 52, […]

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]]> On January 30, Show-Me Institute Director of State Budget and Fiscal Policy Elias Tsapelas submits testimony to the Missouri Senate Economic Development and Tax Policy Committee regarding Senate Bills 52, 57, 58, 67, 94, and 170. Click here to read the full testimony.

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]]> The Chesterfield Mall TIF Proposal https://showmeinstitute.org/publication/corporate-welfare/the-chesterfield-mall-tif-proposal/ Tue, 13 Dec 2022 04:33:14 +0000 http://showmeinstitute.local/publications/the-chesterfield-mall-tif-proposal/ On December 14, Show-Me Institute Director of Municipal Policy David Stokes submits testimony to the Chesterfield City Council regarding the Chesterfield Mall TIF proposal. Click here to read the full […]

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]]> On December 14, Show-Me Institute Director of Municipal Policy David Stokes submits testimony to the Chesterfield City Council regarding the Chesterfield Mall TIF proposal. Click here to read the full testimony.

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]]> Osage Beach Outlet Mall TIF Proposal https://showmeinstitute.org/publication/subsidies/osage-beach-outlet-mall-tif-proposal/ Sat, 25 Jun 2022 02:57:52 +0000 http://showmeinstitute.local/publications/osage-beach-outlet-mall-tif-proposal/ On June 27, Show-Me Institute Director of Municipal Policy David Stokes submits testimony to the Osage Beach Board of Aldermen regarding a TIF proposal in connection with the Osage Beach […]

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]]> On June 27, Show-Me Institute Director of Municipal Policy David Stokes submits testimony to the Osage Beach Board of Aldermen regarding a TIF proposal in connection with the Osage Beach Outlet Mall redevelopment plan. Click here to read the full testimony.

Late note: It is our understanding that the June 27 Board of Aldermen meeting has been cancelled.

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]]> Missouri’s Low-income Housing Tax Credit https://showmeinstitute.org/publication/tax-credits/missouris-low-income-housing-tax-credit/ Tue, 24 May 2022 22:05:50 +0000 http://showmeinstitute.local/publications/missouris-low-income-housing-tax-credit/ The cost of housing plays a key role in the financial well-being of not only every family, but also an area’s economy. Access to affordable housing is crucial to the […]

The post Missouri’s Low-income Housing Tax Credit appeared first on Show-Me Institute.

]]> The cost of housing plays a key role in the financial well-being of not only every family, but also an area’s economy. Access to affordable housing is crucial to the establishment of prosperous communities, which raises the question of what should be done when sufficient housing is out of reach for too many.

The low-income housing tax credit (LIHTC) program is the federal government’s largest tax expenditure on affordable rental housing. In Missouri, LIHTC is the state’s primary housing policy tool and its most expensive tax credit program. Despite the program’s cost and political durability, the question remains: is the LIHTC program an effective and cost-efficient approach to improving housing affordability? This report explores this question, providing details on the structure of Missouri’s LIHTC program and the economic incentives it creates, along with a discussion of the conclusions that can be drawn following the temporary suspension of Missouri’s LIHTC program from 2017 to 2019.

Click here to read the full report.

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]]> House Bill 2038: The Entertainment Industry Jobs Act https://showmeinstitute.org/publication/tax-credits/house-bill-2038-the-entertainment-industry-jobs-act/ Wed, 09 Mar 2022 22:45:32 +0000 http://showmeinstitute.local/publications/house-bill-2038-the-entertainment-industry-jobs-act/ On March 9, the Show-Me Institute’s Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri House Downsizing State Government Committee regarding House Bill 2038, which would establish […]

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]]> On March 9, the Show-Me Institute’s Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri House Downsizing State Government Committee regarding House Bill 2038, which would establish a tax credit for the entertainment industry. Click here to read the full testimony.

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]]> Senate Bill 721 and the “Show Missouri Film and Digital Media Act” https://showmeinstitute.org/publication/tax-credits/senate-bill-721-and-the-show-missouri-film-and-digital-media-act/ Tue, 08 Mar 2022 01:54:05 +0000 http://showmeinstitute.local/publications/senate-bill-721-and-the-show-missouri-film-and-digital-media-act/ On March 8, the Show-Me Institute’s Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri Senate Economic Development Committee regarding Senate Bill 721. Click here to read […]

The post Senate Bill 721 and the “Show Missouri Film and Digital Media Act” appeared first on Show-Me Institute.

]]> On March 8, the Show-Me Institute’s Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri Senate Economic Development Committee regarding Senate Bill 721. Click here to read the full testimony.

The post Senate Bill 721 and the “Show Missouri Film and Digital Media Act” appeared first on Show-Me Institute.

]]> Senate Bill 961 and the Entertainment Industry Jobs Act https://showmeinstitute.org/publication/tax-credits/senate-bill-961-and-the-entertainment-industry-jobs-act/ Tue, 08 Mar 2022 01:50:25 +0000 http://showmeinstitute.local/publications/senate-bill-961-and-the-entertainment-industry-jobs-act/ On March 8, the Show-Me Institute’s Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri Senate Economic Development Committee regarding Senate Bill 961 and a tax-credit program […]

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]]> On March 8, the Show-Me Institute’s Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri Senate Economic Development Committee regarding Senate Bill 961 and a tax-credit program for the entertainment industry. Click here to read the full testimony.

The post Senate Bill 961 and the Entertainment Industry Jobs Act appeared first on Show-Me Institute.

]]> Senate Bill 732 and Film Tax Credits https://showmeinstitute.org/publication/corporate-welfare/senate-bill-732-and-film-tax-credits/ Wed, 19 Jan 2022 02:14:35 +0000 http://showmeinstitute.local/publications/senate-bill-732-and-film-tax-credits/ On January 18, Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri Senate Economic Development Committee regarding Senate Bill 733 / the “Entertainment Industry Jobs Act.” Click […]

The post Senate Bill 732 and Film Tax Credits appeared first on Show-Me Institute.

]]> On January 18, Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri Senate Economic Development Committee regarding Senate Bill 733 / the “Entertainment Industry Jobs Act.” Click here to read the full testimony.

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]]> Senate Bill 733 and Entertainment Industry Tax Credits https://showmeinstitute.org/publication/tax-credits/senate-bill-733-and-entertainment-industry-tax-credits/ Sat, 15 Jan 2022 04:05:38 +0000 http://showmeinstitute.local/publications/senate-bill-733-and-entertainment-industry-tax-credits/ On January 18, Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri Senate Economic Development Committee regarding Senate Bill 733 / the “Entertainment Industry Jobs Act.” Click […]

The post Senate Bill 733 and Entertainment Industry Tax Credits appeared first on Show-Me Institute.

]]> On January 18, Corianna Baier, David Stokes, and Elias Tsapelas submit testimony to the Missouri Senate Economic Development Committee regarding Senate Bill 733 / the “Entertainment Industry Jobs Act.” Click here to read the full testimony.

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]]> House Bill 1598 and Changes to Laws Regarding Tax-Increment Financing Districts https://showmeinstitute.org/publication/corporate-welfare/house-bill-1598-and-changes-to-laws-regarding-tax-increment-financing-districts/ Thu, 13 Jan 2022 04:36:39 +0000 http://showmeinstitute.local/publications/house-bill-1598-and-changes-to-laws-regarding-tax-increment-financing-districts/ On January 13, Corianna Baier and David Stokes submit testimony to the Missouri House Local Government Committee regarding House Bill 1598 and tax-increment financing districts. Click here to read the […]

The post House Bill 1598 and Changes to Laws Regarding Tax-Increment Financing Districts appeared first on Show-Me Institute.

]]> On January 13, Corianna Baier and David Stokes submit testimony to the Missouri House Local Government Committee regarding House Bill 1598 and tax-increment financing districts. Click here to read the full testimony.

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]]> An Updated Look at Tax-Increment Financing https://showmeinstitute.org/publication/corporate-welfare/an-updated-look-at-tax-increment-financing/ Thu, 16 Dec 2021 03:42:45 +0000 http://showmeinstitute.local/publications/an-updated-look-at-tax-increment-financing/ Tax-increment financing (TIF) is a widely used economic development incentive in which property tax revenues are redistributed back to developers. Millions of tax dollars are diverted away from the state, […]

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]]> Tax-increment financing (TIF) is a widely used economic development incentive in which property tax revenues are redistributed back to developers. Millions of tax dollars are diverted away from the state, cities, and other taxing districts each year. This report takes an updated look at the use of TIF in Missouri, with data from the 2020 Annual TIF Report produced by the Missouri Department of Revenue. Ultimately, TIF has many procedural problems and little proof of success. With millions of dollars on the line, it’s time for Missouri and its cities to rethink the use of TIF.

Click here to view the report.

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]]> Lee’s Summit’s Paragon Star Development https://showmeinstitute.org/publication/corporate-welfare/lees-summits-paragon-star-development/ Tue, 21 Sep 2021 01:17:52 +0000 http://showmeinstitute.local/publications/lees-summits-paragon-star-development/ On September 21, the Show-Me Institute’s David Stokes submits testimony to the Lee’s Summit City Council regarding the Paragon Star Development.  Click here to read the full testimony.

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]]> On September 21, the Show-Me Institute’s David Stokes submits testimony to the Lee’s Summit City Council regarding the Paragon Star Development.  Click here to read the full testimony.

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