Title X — TAXATION AND REVENUE

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. — 1. To obtain any credit allowed pursuant to sections 135.475 to 135.487, …

135.490. Eligible small business to receive tax credit for efforts to comply with Americans With Disabilities Act, amount — joint administration of tax credit. — 1. In order to encourage and foster community improvement, an eligible small business, as defined in Section 44 of the…

135.500. Title of law — definitions. — 1. Sections 135.500 to 135.529 shall be known and may be cited as the "Missouri Certified Capital Company Law". 2. As used in sections 135.500 to 135.529, the following terms mean: (1) "Affiliate of a certified company": (a) Any person, dire…

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. — 1. Any investor that makes an investm…

135.505. Funding period. — A Missouri certified capital company shall have a funding period of one year from the date of receiving certification from the director. All investments in the Missouri certified capital company shall be made within such three hundred sixty-five-day fun…

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. — 1. To continue to be certified, a Missouri certified ca…

135.517. Qualified investments, requirements. — In order for investments of a qualifying investing entity to be counted as qualified investments pursuant to sections 135.500 to 135.529, each such investment of a qualifying investing entity must have received prior approval from t…

135.520. Annual review by division of finance, report of findings — decertification, grounds, notice of noncompliance — notice of decertification, decertification. — 1. The division of finance shall conduct an annual review of each Missouri certified capital company and any quali…

135.523. Certification revocation, application misrepresentations. — The department may revoke the certification of a Missouri certified capital company if any material representation to the department in connection with the application process proves to have been falsely made or…

135.526. Registration of investments. — All investments for which tax credits are claimed under the provisions of sections 135.500 to 135.529 shall satisfy the conditions of being registered or specifically exempt from registration by provisions or regulations under chapter 409. …

135.529. Sale or transfer of credit — rulemaking authority — administrative review. — 1. The tax credit established pursuant to sections 135.500 to 135.529 may be sold or transferred in accordance with regulations adopted by the department. Any such sale or transfer shall not aff…

135.530. Distressed community defined. — For the purposes of sections 100.010, 100.710, 100.850, 135.110, 135.200, 135.258, 135.313, 135.403, 135.405, 135.503, 135.530, 135.545, 215.030, 348.300, 348.302, and 620.1400 to 620.1460*, "distressed community" means either a Missouri m…

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 …

[Repealed or reserved.]

135.546. Tax credits for investing in the transportation development of a distressed community prohibited, when. — For all tax years beginning on or after January 1, 2005, no tax credits shall be approved, awarded, or issued to any person or entity claiming any tax credit under s…

135.550. Definitions — tax credit, amount — limitations — director of social services determinations, classification of shelters and centers — effective date. — 1. As used in this section, the following terms shall mean: (1) "Contribution", a donation of cash, stock, bonds or oth…

135.562. Principal dwellings, tax credit for renovations for disability access. — 1. If any taxpayer with a federal adjusted gross income of thirty thousand dollars or less incurs costs for the purpose of making all or any portion of such taxpayer's principal dwelling accessible …

135.600. Definitions — tax credit, amount — limitations — director of social services determinations, classification of maternity homes — effective date. — 1. As used in this section, the following terms shall mean: (1) "Contribution", a donation of cash, stock, bonds or other ma…

135.621. Definitions — tax credit authorized, amount — department duties, procedures — taxpayer identity, diaper banks to provide to department — sunset provision. — 1. As used in this section, the following terms mean: (1) "Contribution", a donation of cash, stock, bonds, other …

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, conf…

135.647. Donated food tax credit — definitions — amount — procedure to claim the credit — rulemaking authority — sunset provision. — 1. As used in this section, the following terms shall mean: (1) "Local food pantry", any food pantry that is: (a) Exempt from taxation under sectio…

135.679. Citation — definitions — tax credit, amount, claim procedure — rulemaking authority. — 1. This section shall be known and may be cited as the "Qualified Beef Tax Credit Act". 2. As used in this section, the following terms mean: (1) "Agricultural property", any real and …

135.680. Definitions — tax credit, amount — recapture, when — rulemaking authority — reauthorization procedure — sunset provision. — 1. As used in this section, the following terms shall mean: (1) "Adjusted purchase price", the product of: (a) The amount paid to the issuer of a q…

135.682. Letter rulings to be issued, procedure — letter rulings closed records. — 1. The director of the department of economic development or the director's designee shall issue letter rulings regarding the tax credit program authorized under section 135.680, subject to the ter…

135.686. Citation — definitions — tax credit, amount, claim procedure — rulemaking authority. — 1. This section shall be known and may be cited as the "Meat Processing Facility Investment Tax Credit Act". 2. As used in this section, the following terms mean: (1) "Authority", the …

135.690. Faculty preceptors tax credit — definitions — amount — procedure — fund created, use of moneys — rules. — 1. As used in this section, the following terms mean: (1) "Community-based faculty preceptor", a physician or physician assistant who is licensed in Missouri and pro…

135.700. Tax credit for grape and wine producers. — For all tax years beginning on or after January 1, 1999, a grape grower or wine producer shall be allowed a tax credit against the state tax liability incurred pursuant to chapter 143, exclusive of the provisions relating to the…

135.710. Tax credit authorized, procedure — director of revenue duties — rulemaking authority — sunset provision. — 1. As used in this section, the following terms mean: (1) "Alternative fuel vehicle refueling property", property in this state owned by an eligible applicant and u…

135.712. Citation of law — definitions. — 1. Sections 135.712 to 135.719 and sections 166.700 to 166.720 establish the "Missouri Empowerment Scholarship Accounts Program" to provide options toward ensuring the education of students in this state. 2. As used in sections 135.712 to…

135.713. Educational assistance organization contribution tax credit — amount, procedure — effective, when. — 1. Any taxpayer who makes a qualifying contribution to an educational assistance organization after August 28, 2021, may claim a credit against the tax otherwise due unde…

135.714. Educational assistance organization duties — annual audit — duties of state treasurer — information to be posted on state treasurer's website. — 1. Each educational assistance organization shall: (1) Notify the state treasurer of such organization's intent to provide sch…

135.715. Tax credit, cumulative amount — limitation on number of organizations — board established, members, powers and duties — deposit of moneys in fund — definition. — 1. The cumulative amount of tax credits that may be allocated to all taxpayers contributing to educational as…

135.716. Contribution receipts and reports, standardized formats — state treasurer report, contents — fund created, use of moneys. — 1. The state treasurer shall provide a standardized format for a receipt to be issued by an educational assistance organization to a taxpayer to in…

135.719. Rulemaking authority. — 1. The state treasurer and the department of revenue may promulgate rules to implement the provisions of sections 135.712 to 135.719. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority de…

135.750. Tax credit for qualified motion media production projects (Show MO Act) — definitions — application — cap — transfer of credits — rulemaking — sunset provision — contingent termination date. — 1. This section shall be known and may be referred to as the "Show MO Act". 2.…

135.753. Entertainment industry jobs act, tax credit — definitions — amount — transfer of credits — conditions and limitations — cap — rulemaking — sunset provision — contingent termination date. — 1. This section shall be known and may be cited as the "Entertainment Industry Job…

135.766. Tax credit for guaranty fee paid by small businesses, when. — An eligible small business, as defined in Section 44 of the Internal Revenue Code, shall be allowed a credit against the tax otherwise due pursuant to chapter 143, not including sections 143.191 to 143.265, in…

135.772. High ethanol — definitions — seller tax credit amount, claim procedure — rules — sunset provision. — 1. For the purposes of this section, the following terms shall mean: (1) "Department", the Missouri department of revenue; (2) "Distributor", a person, firm, or corporati…

135.775. Biodiesel blend — definitions — seller tax credit, amount, procedure — rules — sunset provision. — 1. As used in this section, the following terms mean: (1) "Biodiesel blend", a blend of diesel fuel and biodiesel fuel of at least five percent and not more than twenty per…

135.778. Biodiesel producer — definitions — producer tax credit, amount, procedure — rules — sunset provision. — 1. For the purposes of this section, the following terms shall mean: (1) "Biodiesel fuel", a renewable, biodegradable, mono alkyl ester combustible liquid fuel that is…

135.800. Citation — definitions. — 1. The provisions of sections 135.800 to 135.830 shall be known and may be cited as the "Tax Credit Accountability Act of 2004". 2. As used in sections 135.800 to 135.830, the following terms mean: (1) "Administering agency", the state agency or…

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. — 1. Beginning January 1, 2005, all applications for…

135.803. Ineligibility based on conflict of interest, when. — A taxpayer shall not be deemed ineligible for any state tax credit program in effect or hereinafter established on the basis that there exists a conflict of interest due to a relationship of any degree or affinity to a…

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 r…

135.810. Failure to report, penalties — notice required, when, taxpayer liable for penalties, when — change of address notification required — rulemaking authority. — 1. After credits have been issued, any failure to meet the annual reporting requirements established in section 1…

135.815. Verification of applicant's tax payment status, when, effect of delinquency — employment of unauthorized aliens, effect of. — 1. Prior to authorization of any tax credit application, an administering agency shall verify through the department of revenue that the tax cred…

135.825. Tracking system for tax credits required — exception — rulemaking authority. — 1. The administering agencies for all tax credit programs shall, in cooperation with the department of revenue and the department of economic development, implement a system for tracking the a…

135.830. Tax credit accountability act of 2004 to be in addition to existing tax laws. — The provisions of sections 135.800 to 135.830 shall be construed, wherever necessary, to be in addition to existing requirements, duties, or obligations present in other provisions of law, wi…

135.950. Definitions. — The following terms, whenever used in sections 135.950 to 135.970 mean: (1) "Average wage", the new payroll divided by the number of new jobs; (2) "Blighted area", the same meaning as defined pursuant to section 99.805; (3) "Board", an enhanced enterprise …