"Fiscally irresponsible carve-outs were not accounted for in the budget passed by the General Assembly or in the budgets of local jurisdictions they would impact", said Nixon.
JEFFERSON CITY, Mo. — Gov. Jay Nixon today vetoed legislation containing more than a dozen special breaks and exemptions passed in the final hours of the legislative session.
These special interest carve-outs would reduce state and local revenues by up to $776 million annually and were not accounted for in the Fiscal Year 2015 budget passed by the legislature or in the budgets of the local jurisdictions they would impact.
In a letter addressed to members of the General Assembly, the Governor faulted the legislature for ignoring the legislative process and adding new loopholes to the tax code that will shift a greater tax burden to the majority of taxpayers.