Gov. Jay Nixon announced Wednesday the creation of the Tax Credit Review Commission, a state committee that will review and make recommendations to Missouri tax credit programs.
The commission will determine the effectiveness and return on investment for all of the state's 61 credit programs, according to a news release from the governor's office.
Nixon said the commission will be a tool that the state can use to stimulate job growth and strengthen Missouri communities financially.
“This commission will perform a critical analysis to ensure taxpayers receive the greatest possible return on investment from tax credit programs and that those programs are used efficiently and effectively," he said in the release. "The work of the commission will play a vital role in reshaping the way the state uses financial incentives to achieve those important goals.”
Nixon appointed 25 business, legislative and community leaders to serve on the commission, according to the release.
Steve Stogel, president of St. Louis-based DFC Group Inc., and Chuck Gross, St. Charles County director of administration, were chosen to co-chair the commission.
Members of the Missouri Senate, the Missouri House and community and business leaders across the state were also added to the committee. Out of Springfield, Mark Gardner of Gardner Capital Inc. was appointed to the committee, the release said.[[In-content Ad]]