- Mass Casualties
- Natural Disasters
- Financial Crisis
- Food Borne Diseases
- US Recall News
- Class Action Lawsuit
- Recent Outbreaks
- Railroad Law
- Court News
- Legal Insight
- Court Watch
- Supreme Court hearing case about online sales tax collection
- Question of sales tax on online purchases goes to high court
- Michigan Democrats back Nessel for state attorney general
- Court: Man can't be retried for murder after mistrial ruling
- Bolivia takes sea access dispute with Chile to world court
- French court issues mixed ruling in Facebook nudity case
- Trump administration backs PLO in victims' high court appeal
- Large Midwest energy project turns to ex-Missouri governor
- Arizona court to hear arguments on immigrant tuition case
- Cambodian court denies opposition leader release on bail
The seven-member Supreme Court was divided in its reasoning but united in the ultimate result of its ruling, which secures state financing for the developer to assemble and maintain large swaths of land. Eventually, Paul McKee's NorthSide Regeneration LLC wants to build 10,000 homes and millions of square feet of office space in a two-square-mile area north of downtown St. Louis.
A lawsuit by two local residents took issue with a 2007 state law enacted with McKee's project in mind. That law authorizes up to $95 million of tax credits to offset part of the cost of buying and maintaining large amounts of property in impoverished areas. NorthSide Regeneration so far has received about $28 million in tax credits.
Tax credits reduce the amount of state income tax owed by a taxpayer. The lawsuit claimed the credits were similar to getting cash from the state and thus violated the Missouri Constitution by granting public money to a private person or corporation. A Cole County judge ruled against the plaintiffs in March 2010 and the case was appealed to the state Supreme Court.
Legal News Media
Legal News is the top headline legal news provider for lawyers and legalprofessionals. Read law articles and breaking news from law firm's across the United States to get the latest updates. We reserve the right, at our discretion, to change, modify, add, or remove portions of the site at any time. Your This site is solely for your personal use. You are, of course, welcome to print or otherwise copy material from this site for your personal use. However, you may not distribute, exchange, modify, sell or transmit anything you copy from this Site, including but not limited to any text, images, audio and video, for any business, commercial or public purpose. Any unauthorized use of the text, images, audio and video may violate copyright laws, trademark laws, the laws of privacy and publicity and civil and criminal statutes.