SB1130 - Missouri: SB1130 - Expands types of projects that may be completed under Public-Private Transportation Act and creates various tax incentives for their completion

SB 1130 - Under this act, taxpayers are allowed tax credits for revenues received from public-private transportation projects. The tax credit shall be equal to the amount of revenues received in the taxable year for which the tax credit is claimed. The tax credit is not transferable or assignable. The tax credit provision is subject to the provisions of the Missouri Sunset Act and the tax credit shall sunset on August 28, 2014, unless reauthorized by the General Assembly. This act creates a sales tax exemption on items and services bought for use in public-private transportation projects. This act modifies the public-private transportation act by expanding the types of projects that may be completed under it. Under current law, the public-private transportation act is limited to the Mississippi River bridge project. Under this act, a public-private transportation project may include any bridge, street, road, highway, access road, interchange, intersection, traffic sign, traffic [...]

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