IDEAS home Printed from
   My bibliography  Save this article

Transferable tax credits in Missouri: an analytical review


  • Paul Rothstein
  • Nathan Wineinger


In 2005, Missouri had 53 legally authorized tax credit programs. In this paper, the authors assemble basic information on all of these programs and further analyze the six largest (by tax credits issued) that include freely transferable credits. Their analysis focuses on the institutional features of these programs, the kinds of market failures or disparities they may address, and whether the design of each program is consistent with its economic rationale. The authors also consider whether the evaluation of each program by the state is consistent with its economic rationale. They conclude with a brief discussion of the transactions prices for the credits on which they have data and whether making the tax credits refundable as well as transferable could reduce the transactions costs associated with these programs.

Suggested Citation

  • Paul Rothstein & Nathan Wineinger, 2007. "Transferable tax credits in Missouri: an analytical review," Regional Economic Development, Federal Reserve Bank of St. Louis, issue Nov, pages 53-74.
  • Handle: RePEc:fip:fedlrd:y:2007:i:nov:p:53-74:n:v.3no.2

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Wildasin, David E., 1989. "Interjurisdictional capital mobility: Fiscal externality and a corrective subsidy," Journal of Urban Economics, Elsevier, vol. 25(2), pages 193-212, March.
    2. Timothy J. Bartik, 2007. "Solving the Problems of Economic Development Incentives," Book chapters authored by Upjohn Institute researchers,in: Ann Markusen (ed.), Reining in the Competition for Capital, chapter 5, pages 103-139 W.E. Upjohn Institute for Employment Research.
    3. Zodrow, George R. & Mieszkowski, Peter, 1986. "Pigou, Tiebout, property taxation, and the underprovision of local public goods," Journal of Urban Economics, Elsevier, vol. 19(3), pages 356-370, May.
    4. Myers, Gordon M., 1990. "Optimality, free mobility, and the regional authority in a federation," Journal of Public Economics, Elsevier, vol. 43(1), pages 107-121, October.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Tax credits ; Economic development ; Missouri;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedlrd:y:2007:i:nov:p:53-74:n:v.3no.2. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kathy Cosgrove). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.