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Home > Missouri > SB1188
Tagged in: Economic Development, Economic Development, Department Of, Science And Technology, Tax Credits, Taxation And Revenue - General

LR number: 5309S.01I
Latest Update: Sunday, June, 15th 2008

SB 1188 - This act modifies provisions of law which authorize a tax credit for qualified research expenses. The tax credit is limited to research expenses incurred in the research and development of agricultural biotechnology, plant genomic products, and prescription pharmaceuticals consumed by humans or animals. The act modifies the time-line for application and issuance of tax credits under the program. Under current law, no qualified research expense tax credits may be approved, awarded or issued after January 1, 2005. This act removes the prohibition on approval and issuance of tax credits and increases the annual tax credit cap from nine million seven hundred thousand to ten million dollars. In the event the amount of claims for tax credits exceed the annual cap, the act provides a method for pro rating issuance of tax credits.

JASON ZAMKUS

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Latest Actions
  • 04/01/2008 - Hearing Conducted S Ways & Means Committee
  • 04/01/2008 - Voted Do Pass S Ways & Means Committee
  • 04/01/2008 - Hearing Scheduled S Ways & Means Committee
  • 02/27/2008 - Second Read and Referred S Ways & Means Committee
  • 02/26/2008 - S First Read--SB 1188-Shields, et al
Bill Summary
File name Last Updated
SB1188 Bill Summary Introduced HTML02/26/2008

Bill Text
File name Last Updated
SB1188 Bill Text Introduced PDF02/26/2008

Fiscal Notes
File name Last Updated
SB1188 Fiscal Notes Introduced PDF03/12/2008
SB1188 Fiscal Notes Introduced HTML03/12/2008