U.S. Markets open in 4 hrs 50 mins

Mo. governor moderates stance on renters tax break

JEFFERSON CITY, Mo. (AP) -- Missouri Gov. Jay Nixon is moderating his support for legislation to end a tax break for low-income disabled and senior residents who live in rental housing.

Nixon released a statement Thursday urging lawmakers to pass a "comprehensive package of tax credit reforms." Nixon said he would not support a "partial reform that eliminates a single program, such as the renters' portion of the Property Tax Credit."

Legislators so far have handled the renters' tax credit repeal separately from the broader tax credit overhaul. The renters' credit repeal has passed the Senate and been endorsed by a House committee.

Nixon's proposed budget assumes lawmakers will end the renters' tax credit and redistribute the savings to be spent on existing health, mental health and social services that may benefit seniors and the disabled.