Missouri Revised Statutes

Chapter 135
Tax Relief

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Rsmo Number Section Description
   
SENIOR CITIZENS PROPERTY TAX RELIEF
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.010. Definitions.
135.015. Time for filing and other procedural matters, how governed.
135.020. Credits, how applied, considered overpayment, when.
135.025. Accrued taxes and rent constituting taxes to be totaled--maximum amount allowable--allocation regulations, when.
135.030. Formula for determining credits--table to be prepared by director of revenue--taxpayer not applying for credit to be notified of eligibility.
135.035. Claims for calendar year 1975 and later affected.
   
SURVIVING SPOUSES OF PUBLIC SAFETY OFFICERS TAX CREDIT
135.090. Income tax credit for surviving spouses of public safety officers--sunset provision.
   
DEDUCTION FOR LONG-TERM CARE INSURANCE
135.096. Long-term care insurance tax deduction, amount.
   
NEW OR EXPANDED BUSINESS FACILITY TAX CREDIT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.100. Definitions.
135.110. Tax credit for new or expanded business facility--computation--maximum years and amount allowed--no credit allowed a public utility and certain businesses--definitions.
135.115. Vesting of tax credits, when--waiver, applicable when.
135.120. Deferment of tax credit--election--notice.
135.130. Transfer of business facility, all or part--apportionment of tax credit--estate of taxpayer entitled to credit and distributee of estate also entitled to credit.
135.140. Termination and resumption of operation of business--consent of director required for claim of credit.
135.150. Rules, promulgation duties--certification of applications for tax credit--application requesting credit granted when--denial, protest procedure--review by administrative hearing commission authorized.
135.155. Prohibition on certain enterprises receiving certain incentives--expansion deemed new business facility--certain properties considered one facility, when.
   
ENTERPRISE ZONE--URBAN REDEVELOPMENT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.200. Definitions.
135.204. Contingent effective date for certain sections.
135.205. Requirements to qualify as enterprise zone.
135.206. Counties, certain third class counties to have one enterprise zone designated, requirements.
135.207. Satellite zones may be established in certain cities or villages, requirements.
135.208. Additional enterprise zones to be designated, certain third class counties, Independence, Camden County, Randolph County, Ste. Genevieve County, Jefferson County, the city of Ava, the city of Portageville, the city of Lamar, requirements.
135.209. Satellite enterprise zone may be established, city of Independence.
135.210. Designation as enterprise zone, procedure--maximum number, exceptions--report required from all zones--cancellation of zone, procedure.
135.212. Additional enterprise zones to be designated--certain zones not to expire before certain date (Linn, Macon counties).
135.215. Real property improvements exemption from assessment and ad valorem taxes--procedure--maximum period granted--abatement or exemption ceases, when.
135.220. Income earned by business, revenue producing enterprise, in zone, residential units, exemption, how computed.
135.225. Tax credit for new or expanded business facility, requirements--definitions--apportionment of credits--period for which tax credit granted--election to forfeit and claim tax credit under section 135.110--vesting of credits and exemptions, when--waiver of credits and exemptions, when.
135.230. Tax credits and exemptions, maximum period granted--calculation formula--employee requirements, waived or reduced, when--motor carrier, tax credits, conditions--expansion of boundaries of enterprise zone--petition for additional period, qualifications.
135.235. Tax credit for expense of training employees--small corporations and partnerships.
135.240. Employees for which employer may claim training credit.
135.245. Income tax refund limited to taxpayer establishing new facility in enterprise zone--refund if tax credits earned exceed tax liability, when, limitations.
135.247. Federal empowerment, enterprise community deemed state enterprise zone--credits, exemption, refund--retail businesses eligible for benefits.
135.250. Rules authorized, procedure.
135.255. Displaced enterprise zone resident assistance, when, limitations.
135.256. Enterprise zone to be established in certain cities (Rolla).
135.257. Enterprise zone to be established in city not within a county (St. Louis).
135.258. Letter of intent required, when.
135.259. Enterprise zone designated for a certain county (Wright County)
135.260. Enterprise zone designated for a certain city (Carl Junction)
135.262. Any area meeting enterprise zone requirements shall be designated as such.
135.270. Strategic initiative investment income tax refund, automobile manufacturers or assemblers.
   
ENTERPRISE ZONE--RETAINED BUSINESS FACILITIES
135.276. Definitions.
135.277. Taxable income of retained business facility exempt from income taxation, amount.
135.279. Tax credit, amount (Hazelwood Ford Plant)--calculation and limitations on credit.
135.281. Application for income tax refund (Hazelwood Ford Plant)--approval procedures.
135.283. Program application--approval by department--executed agreement required, contents.
135.284. Contingent expiration of certain sections.
135.286. Revenue-producing enterprises not eligible for certain tax benefits--time period of exemptions.
   
WOOD ENERGY PRODUCERS TAX CREDIT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.300. Definitions.
135.305. Eligibility--amount of tax credit.
135.307. Credit exceeding tax, not refunded, effect.
135.309. Assignment of credit, procedure.
135.311. Application, content, filed where.
135.313. Credit for charcoal producers.
   
ADOPTING SPECIAL NEEDS CHILD TAX CREDIT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.325. Title.
135.326. Definitions.
135.327. Special needs child adoption tax credit--nonrecurring adoption expenses, amount--individual and business entities tax credit, amount, time for filing application--assignment of tax credit, when.
135.329. Credit not allowed, when.
135.331. Adopted child eighteen years of age or older, credit not allowed--exception.
135.333. Credit exceeding tax due or applied for, not refunded--may be carried forward, time limit--effect of assignment, transfer or sale of tax credit.
135.335. Credit reduced, amount, when.
135.337. Credit not to be considered for adoption subsidy.
135.339. Rules authorized, procedure.
   
CHAMPION FOR CHILDREN TAX CREDIT
135.341. Definitions--tax credit authorized, amount--application procedure--assignment--rulemaking authority--sunset provision.
   
MISSOURI LOW-INCOME HOUSING TAX CREDIT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.350. Definitions.
135.352. Taxpayer owning interest in qualified project shall be allowed a state tax credit, how determined, cap--carry-back and carry-forward of credit authorized--rules promulgation and procedure.
135.355. Eligibility statement must be filed with tax return, failure to comply, effect--federal requirement to recapture, state requires to recapture, amount.
135.357. Capital gain exclusion, when.
135.359. Rules authorized, procedure.
135.361. Rules, effective, when--rules invalid and void, when.
135.362. Eligibility statement, low-income housing credit, not applicable, when.
135.363. Sale, assignment, transfer of tax credits allowed, when--statement required, submission to director--rules.
   
INVESTMENTS IN MISSOURI SMALL BUSINESSES TAX CREDIT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.400. Definitions.
135.401. Community development fund, creation, administration by development of economic development, expenditures.
135.403. Tax credit for qualified investment in Missouri small businesses and qualified investors in community banks or community development corporations--credit evidenced by certificate, limitation of amount of investment eligible for tax credit.
135.405. Total tax credit minimum--maximum--not to limit other investments.
135.408. Qualified investment in a small business, requirements--to be eligible for tax credit--required purposes for investments.
135.411. Investment to remain in business for five years--failure to comply, repayment of tax credit.
135.414. Requirements for business to be eligible for tax credit investments--ineligible persons or entities.
135.416. Investment percentage required to be spent in Missouri.
135.420. Director of department of economic development, duties, certificate of tax credit--procedure to request.
135.423. Revocation of tax credit, grounds for--procedures.
135.426. Unused balance of tax credit--director to issue a new certificate for unused balance.
135.429. Penalties and procedural matters how determined.
135.430. Department of social services, rulemaking authority.
135.432. Rulemaking authority, procedure.
   
YOUTH OPPORTUNITIES AND VIOLENCE PREVENTION ACT
135.460. Citation of law--tax credit, amount, claim, limitation--allowable programs--report--apportionment of credits--rulemaking authority.
   
REHABILITATION AND CONSTRUCTION OF RESIDENCES IN DISTRESSED COMMUNITIES AND CENSUS BLOCKS TAX CREDIT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.475. Rebuilding communities and neighborhood preservation act cited.
135.478. Definitions.
135.481. Taxpayers incurring eligible costs entitled to tax credit, amount, qualifications.
135.484. Limitation on available tax credits, allocation of available credits.
135.487. Procedure for application for tax credit--department of economic development may cooperate with political subdivisions to determine eligibility--department to conduct annual program evaluation.
   
ADA ACCESS, EXPENDITURES BY SMALL BUSINESSES TAX CREDIT
135.490. Eligible small business to receive tax credit for efforts to comply with Americans With Disabilities Act, amount--joint administration of tax credit.
   
INVESTMENTS OF CERTIFIED CAPITAL--CERTIFIED CAPITAL COMPANIES TAX CREDIT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.500. Title of law--definitions.
135.503. Amount of credit, how calculated, reduction--insurance companies not required to pay retaliatory tax, when--carry forward--limitation on amounts of certified capital, allocation of certified capital--notification of limitation.
135.505. Funding period.
135.508. Certification of profit or not-for-profit entities--limitation on insurance companies, management or direction of certified capital company--seventy-five days to issue or refuse certification--responsibility for administration of tax credits--rulemaking authority.
135.516. Schedule of qualified investments--qualified distributions, when, requirements--qualified investment cost limit--company documents as closed records, when--company report to department of economic development.
135.517. Qualified investments, requirements.
135.520. Annual review by division of finance, report of findings--decertification, grounds, notice of noncompliance--notice of decertification, decertification.
135.523. Certification revocation, application misrepresentations.
135.526. Registration of investments.
135.529. Sale or transfer of credit--rulemaking authority--administrative review.
   
INVESTMENT IN, OR RELOCATING A BUSINESS TO, A DISTRESSED COMMUNITY TAX CREDITS
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.530. Distressed community defined.
135.535. Tax credit for relocating a business to a distressed community, approval by department of economic development, application--employees eligible to receive credit--credit for expenditures on equipment--transfer of certificate of credit--maximum amount allowed, credit carried over--limitations--tax credit for existing business in a distressed community which hires new employees, conditions and types of businesses eligible.
135.545. Tax credit for investing in the transportation development of a distressed community--approval of investment by economic development, credit carried forward, transfer of certificate of credit, maximum amount allowed.
135.546. Tax credits for investing in the transportation development of a distressed community prohibited, when.
   
CONTRIBUTIONS TO SHELTERS FOR VICTIMS OF DOMESTIC VIOLENCE TAX CREDIT
135.550. Definitions--tax credit, amount--limitations--director of social services determinations, classification of shelters--effective date.
   
RESIDENTIAL RENOVATIONS FOR DISABILITY TAX CREDIT
135.562. Principal dwellings, tax credit for renovations for disability access.
   
DONATIONS TO MISSOURI HEALTH CARE ACCESS FUND TAX CREDIT
135.575. Definitions--tax credit, amount--limitations--director of revenue, rules--sunset provision.
   
CONTRIBUTIONS TO MATERNITY HOMES TAX CREDIT
135.600. Definitions--tax credit, amount--limitations--director of social services determinations, classification of maternity homes--effective date--no new credits issued, when.
   
CONTRIBUTIONS TO PREGNANCY RESOURCE CENTERS TAX CREDIT
135.630. Tax credit for contributions to pregnancy resource centers, definitions--amount--limitations--determination of qualifying centers--cumulative amount of credits--apportionment procedure, reapportionment of credits--identity of contributors provided to director, confidentiality--sunset provision.
   
DONATED FOOD TAX CREDIT
135.647. Donated food tax credit--definitions--amount--procedure to claim the credit--rulemaking authority--sunset provision.
   
QUALIFIED BEEF TAX CREDIT
135.679. Citation--definitions--tax credit, amount, claim procedure--rulemaking authority.
   
QUALIFIED EQUITY INVESTMENT TAX CREDIT
135.680. Definitions--tax credit, amount--recapture, when--rulemaking authority--reauthorization procedure--sunset provision.
135.682. Letter rulings to be issued, procedure--letter rulings closed records.
   
MEAT PROCESSING FACILITY INVESTMENT TAX CREDIT
135.686. Citation--definitions--tax credit, amount, claim procedure--rulemaking authority.
   
GRAPE AND WINE PRODUCERS TAX CREDIT
135.700. Tax credit for grape and wine producers.
   
ALTERNATIVE FUEL VEHICLE REFUELING PROPERTY AND ELECTRIC VEHICLE RECHARGING PROPERTY TAX CREDIT
135.710. Tax credit authorized, procedure--director of revenue duties--rulemaking authority--sunset provision.
   
FILM PRODUCTION COMPANIES TAX CREDIT
135.750. Tax credit for qualified film production projects--definitions--application--cap--transfer of credits--sunset provision.
   
SMALL BUSINESS GUARANTY FEES TAX CREDIT
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.766. Tax credit for guaranty fee paid by small businesses, when.
   
TAX CREDIT ACCOUNTABILITY
Cross Reference

Tax Credit Accountability Act of 2004, additional requirements, 135.800 to 135.830 ***

135.800. Citation--definitions.
135.802. Information required to be submitted with tax credit applications--certain information required for specific tax credits--rulemaking authority--requirements to apply to certain recipients, when--duties of agencies.
135.803. Ineligibility based on conflict of interest, when.
135.805. Certain information to be submitted annually, who, time period--due date of reporting requirements--requirements to apply to certain recipients, when--applicant in compliance, when, written notification, when, records available for review--effective date--names of recipients to be made public.
135.810. Failure to report, penalties--notice required, when, taxpayer liable for penalties, when--change of address notification required--rulemaking authority.
135.815. Verification of applicant's tax payment status, when, effect of delinquency--employment of unauthorized aliens, effect of.
135.825. Tracking system for tax credits required--exception--rulemaking authority.
135.830. Tax credit accountability act of 2004 to be in addition to existing tax laws.
   
RURAL EMPOWERMENT ZONES
135.900. Definitions.
135.903. Rural empowerment zone criteria--application, zone created, reapplication--limitation.
135.906. Taxable income of certain entities exempt, when.
135.909. Expiration date.
   
ENHANCED ENTERPRISE ZONES
135.950. Definitions.
135.953. Enhanced enterprise zone criteria--zone may be established in certain areas--additional criteria.
135.957. Enhanced enterprise zone board required, members--terms--board actions--chair--role of board.
135.960. Public hearing required--ordinance requirements--expiration date--annual report.
135.963. Improvements exempt, when--authorizing resolution, contents--public hearing required, notice--certain property exempt from ad valorem taxes, duration--time period--property affected--assessor's duties.
135.967. Tax credit allowed, duration--prohibition on receiving other tax credits--limitations on issuance of tax credits--cap--eligibility of certain expansions--employee calculations--computation of credit--flow-through tax treatments--credits may be claimed, when--certificates--refunds--verification procedures.
135.968. Megaprojects, tax credit authorized, eligibility--department duties--binding contract required, when--issuance of credits, procedure.
135.970. Rulemaking authority.
135.973. Eligibility of existing enterprise zones.
   
PUBLIC FINANCIAL INCENTIVE (ST. LOUIS CITY)
135.980. No restriction by ballot permitted for certain businesses with NAIC code--expiration date.
   
RESIDENTIAL TREATMENT AGENCY TAX CREDIT
135.1150. Citation of law--definitions--tax credit, amount--claim application--limitation--transferability of credit--rulemaking authority.
   
DEVELOPMENTAL DISABILITY CARE PROVIDER TAX CREDIT
135.1180. Citation of law--definitions--tax credit, amount, procedure--rulemaking authority.
   
RELOCATION OF JOBS FROM KANSAS TO MISSOURI
135.1670. Relocated jobs, eligibility for tax credits and financial incentives--director's duties--expiration date.

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