Title XXIII, CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

348.302. Tax credit, evidenced by certificate — may be used when — limitations on credit, credits transferable. — 1. Any person who makes a qualified contribution to a qualified fund shall be entitled to receive a tax credit equal to fifty percent of the amount of the qualified c…

348.304. Certificates, how issued, limitations, exchanges. — The total amount of credit evidenced by certificates of tax credit issued to taxpayers at the request of any one qualified economic development organization shall not exceed two million dollars; except that, this two-mi…

348.306. Transfer of certificates, procedure, limitations. — No person shall receive, by issuance, transfer or assignment, certificates of tax credit issued under the provisions of sections 348.300 to 348.318* in an amount in excess of one million dollars. Subject to the provisio…

348.308. Duties of director of economic development — issuance of certificates. — 1. The director of the department of economic development shall be responsible for the administration and issuance of the certificate of tax credits authorized by sections 348.300 to 348.318*. The d…

348.310. Acceptance of certificate in lieu of payment, reissuance of certificate for amount of unused balance. — The Missouri department of revenue shall accept a certificate of tax credit in lieu of other payment in such amount as is equal to the lesser of the amount of the tax …

348.312. Construction of provisions. — No provision of sections 348.300 to 348.318* shall be construed to require a qualified economic development organization to accept an interest in any fund, nor shall any provision of sections 348.300 to 348.318* be construed to limit or rest…

348.316. Report required from qualified funds, when, form, verified by affidavit, contents — duties of director of department of economic development — payment of taxes, due when. — 1. Each qualified fund, on or before the due date of its federal income tax return, shall make a r…

348.318. Interest and penalty provisions, how determined — procedural matters, how determined. — Except as otherwise specifically provided in sections 348.300 to 348.318*, interest and penalty provisions and procedural matters under the provisions of sections 348.300 to 348.318* …

348.400. Definitions. — As used in sections 348.400 to 348.415, the following terms mean: (1) "Agricultural business development loan", a loan for the acquisition, construction, improvement, or rehabilitation of agricultural property, or for the expansion, acquisition, constructi…

348.403. Authority to develop program — rules — reject application, when. — 1. In addition to the duties and powers established in sections 348.005 to 348.225, the authority shall develop and implement an agricultural business development loan guarantee program as provided in sec…

348.406. Certificates of guaranty — fee — limitations. — 1. The authority, upon application, may issue certificates of guaranty covering a first loss guarantee up to but not more than fifty percent of the loan on a declining principal basis for loans to eligible borrowers, execut…

348.407. Development and implementation of grants and loans — fee authority's powers — assistance to businesses — rules. — 1. The authority shall develop and implement agricultural products utilization grants as provided in this section. 2. The authority may reject any applicatio…

348.408. Agricultural product utilization grant fund established — limitation on grants. — 1. There is hereby established in the state treasury the "Agricultural Product Utilization Grant Fund". The fund shall consist of money appropriated to it by the general assembly and invest…

348.409. Agricultural product utilization and business loan guarantee fund established. — 1. There is hereby established in the state treasury the "Agricultural Product Utilization and Business Development Loan Guarantee Fund". The fund shall consist of money appropriated to it b…

348.410. Agricultural product utilization business development loan program fund established — duties of department of agriculture. — 1. There is hereby created in the state treasury the "Agricultural Product Utilization Business Development Loan Program Fund". The fund shall con…

348.412. Use of loan proceeds — eligibility — rules. — 1. Eligible borrowers: (1) Shall use the proceeds of the agricultural business development loan to acquire agricultural property or for the expansion, acquisition, construction, improvement, or rehabilitation of a qualifying …

348.414. Executive director's powers, compensation — funds and services not to be provided for projects outside state. — 1. The executive director of the authority shall act for the authority except that the appeal of the executive director's decisions shall be to the authority. …

348.415. Collections. — The authority, by rule, shall determine the policy of collections and recovery of agricultural business development loans, including the use of private collection agencies. The authority may institute action to recover any amount due the state in any loan …

348.426. Rules, effective, when — rules invalid and void, when. — Any rule or portion of a rule promulgated pursuant to this bill* shall become effective only as provided pursuant to chapter 536 including but not limited to section 536.028, if applicable, after August 28, 1997. A…

348.430. Agricultural product utilization contributor tax credit — definitions — requirements — limitations — report. — 1. The tax credit created in this section shall be known as the "Agricultural Product Utilization Contributor Tax Credit". 2. As used in this section, the follo…

348.432. New generation cooperative incentive tax credit — definitions — requirements — limitations — report. — 1. The tax credit created in this section shall be known as the "New Generation Cooperative Incentive Tax Credit". 2. As used in this section, the following terms mean:…

348.434. Limitations on credits issued. — 1. The aggregate of tax credits issued per fiscal year pursuant to sections 348.430 and 348.432 shall not exceed six million dollars. 2. Upon July 2, 1999, and ending June 30, 2000, tax credits shall be issued pursuant to section 348.430,…

348.436. Expiration date. — The provisions of sections 348.430 to 348.436 shall expire December 31, 2033. ­­-------- (L. 1999 H.B. 888 § 4, A.L. 2008 H.B. 2058, A.L. 2016 S.B. 665, A.L. 2022 1st Ex. Sess. H.B. 3, A.L. 2026 S.B. 913) Expires 12-31-33

348.438. Departments to provide assistance. — The department of natural resources, the department of economic development and the department of agriculture may provide to an eligible new generation cooperative any technical support necessary to assist in the operation of the faci…

348.439. Oversight and report on credits. — The tax credits issued in sections 348.430 to 348.439 by the Missouri agricultural and small business development authority shall be subject to oversight provisions. Effective January 1, 2000, notwithstanding the provisions of section 3…

348.491. Citation of law — definitions — program established, eligibility, requirements — rules — sunset provision. — 1. This section shall be known and may be cited as the "Specialty Agricultural Crops Act". 2. As used in this section, the following terms mean: (1) "Authority", …

348.493. Program lenders — tax credit, amount — certificate of tax credit, issuance of, when — tax credit requirements — sunset provision. — 1. As used in this section, "state tax liability" means any state tax liability incurred by a taxpayer under the provisions of chapter 143,…

348.500. Family farms act — definitions — loan program for livestock, qualifications — rulemaking authority. — 1. This section shall be known and may be cited as the "Family Farms Act". 2. As used in this section, "small farmer" means a farmer who is a Missouri resident and who h…

348.505. Tax credit for family farm livestock loan program, procedure. — 1. As used in this section, "state tax liability", any state tax liability incurred by a taxpayer under the provisions of chapters 143, 147, and 148, exclusive of the provisions relating to the withholding o…

348.515. Recognition of benefit of providing assistance to certain family farm operations. — In recognition of the role of animal agriculture in the economic well-being of this state and in recognition that opportunities to succeed in agriculture should not be limited by the econ…

348.518. Livestock feed and crop input loan guarantee program established — rulemaking authority. — 1. In addition to the duties and powers established in sections 348.005 to 348.505, the Missouri agricultural and small business development authority shall develop and implement a…

348.521. Authority to issue certificates of guaranty — eligible lender defined — fee authorized — limit on outstanding guaranteed loans. — 1. The authority may issue certificates of guaranty covering a first loss guarantee up to but not more than fifty percent of the loan on a de…

348.524. Livestock feed and crop input loan guarantee fund established — use of moneys. — 1. There is hereby established in the state treasury the "Livestock Feed and Crop Input Loan Guarantee Fund". The fund shall consist of money appropriated to it by the general assembly, char…

348.527. Investment of fund moneys. — Moneys in the fund, both unobligated and obligated as a reserve, which in the judgment of the authority are not currently needed for payments of defaults of guaranteed loans, may be invested by the state treasurer, and any income therefrom sh…

348.530. Eligibility for loans — rulemaking authority. — 1. Persons eligible for guarantees for loans under the provisions of sections 348.515 to 348.533 are individuals engaged in farming operations as defined in section 348.015, who intend to use the proceeds from the loan to f…

348.533. Policy for collection and recovery of loans — action authorized to recover amounts due. — The authority, by rule, shall determine the policy of collections and recovery of loans, including the use of private collection agencies. The authority may institute action to reco…