Carly Robertson has more from the Capitol:
The bill creates a tax credit equal to 50% of the costs associated with buying the land.
Proponents of the bill say it will encourage developers to come into cities and re-develop downtrodden areas.
Republican Rod Jetton is the Speaker of the House.
He says this bill could boost the economy of the state's largest city.
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|Description: "I think what land assemblage has the potential to do to St. Louis City, a place that we all know we spend lots and lots and lots of state funds, it could turn that from a place money on to a place that's actually producing revenue for the state."|