All Tax Credits Legislation - Missouri
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Latest Action: 05/16/2008 - Referred: Special Committee on Job Creation & Eco Dev (H) Bill Text HB 2570 - TAX EXPENDITURE BUDGETS - Robb, Ed Specifies that no tax credits can be issued or certified unless approved by the Budget Committee of the House of Representatives and the Senate Appropriations Committee with a specific exception Comment on Bill Latest Action: 05/16/2008 - Referred: Special Committee on Job Creation & Eco Dev (H) Bill Text HB 2571 - TAX CREDITS - Robb, Ed Prohibits a taxpayer from carrying certain tax credits back to any of the three prior taxable years HB2574 - HB 2574 - TAX CREDITS FOR ENERGY PRODUCERS - Scharnhorst, Dwight
Latest Action: 05/16/2008 - Referred: Special Committee on Energy and Environment (H) Bill Text HB 2574 - TAX CREDITS FOR ENERGY PRODUCERS - Scharnhorst, Dwight Changes the laws regarding tax credits for energy producers HB2556 - HB 2556 - CHILD INITIATIVE PROGRAM - Hubbard, Rodney R.
Latest Action: 05/08/2008 - Rules - Executive Session Completed (H) Bill Text HB 2556 - CHILD INITIATIVE PROGRAM - Hubbard, Rodney R. Establishes the Child Initiative Program and authorizes a tax credit for certain taxpayers who participate in the program HB2517 - HB 2517 - INCOME TAX CREDIT FOR THE ELDERLY - Hoskins, Theodore
Latest Action: 04/03/2008 - Referred: Ways and Means (H) Bill Text HB 2517 - INCOME TAX CREDIT FOR THE ELDERLY - Hoskins, Theodore Authorizes an income tax credit for resident taxpayers who are 65 years of age or older with an adjusted gross income of $9,570 or less HB2521 - HB 2521 - EARNED INCOME TAX CREDIT ACT - Oxford, Jeanette Mott
Latest Action: 05/16/2008 - Referred: Ways and Means (H) Bill Text HB 2521 - EARNED INCOME TAX CREDIT ACT - Oxford, Jeanette Mott Establishes the Missouri Earned Income Tax Credit Act which authorizes an individual income tax credit equal to 20% of any earned income tax credit claimed by the taxpayer on his or her federal income tax return Latest Action: 05/16/2008 - Referred: Special Committee on Job Creation & Eco Dev (H) Bill Text HB 2502 - TAX CREDITS FOR ATHLETIC TEAMS - Roorda, Jeff Specifies that a professional athletic team will be ineligible for state income tax credits if it is a member of a league that does not ban athletes for testing positive for anabolic steroids Latest Action: 05/16/2008 - Referred: Special Committee on Job Creation & Eco Dev (H) Bill Text HB 2470 - ECONOMIC DEVELOPMENT PROGRAMS - Flook, Tim Changes the laws regarding economic development and assistance including the establishment of the Community Assistance Program, the Small Business Incubators Act, and the Development Tax Credit Program Latest Action: 04/23/2008 - Rules - Reported Do Pass (H) Bill Text HB 2458 - EDUCATIONAL TAX CREDITS - Jones, Timothy W. Establishes the Children's Education Freedom Act which authorizes a 50% tax credit for taxpayers who donate to a scholarship-granting organization under certain circumstances HB2411 - HB 2411 - INCOME TAX CREDIT FOR RECYCLING - Spreng, Michael
Latest Action: 05/16/2008 - Referred: Ways and Means (H) Bill Text HB 2411 - INCOME TAX CREDIT FOR RECYCLING - Spreng, Michael Authorizes an income tax credit equal to 75% of the costs of recycling reusable waste material from construction HB2361 - HB 2361 - INCOME TAX CREDIT FOR PEACE OFFICERS - Jones, Timothy W.
Latest Action: 04/17/2008 - Public Hearing Completed (H) Bill Text HB 2361 - INCOME TAX CREDIT FOR PEACE OFFICERS - Jones, Timothy W. Authorizes an individual income tax credit of $4,000 for each year in which the taxpayer is licensed and employed as a full-time peace officer SB1274 - SB1274 - Creates a tax credit for contributions to mentally retarded and developmental type disability care providers
Latest Action: 03/03/2008 - Second Read and Referred S Ways & Means Committee Bill Text SB 1274 - The act creates an income tax credit in an amount equal to fifty percent of the amount of an eligible donation made, on or after January 1, 2009, to a qualifying mentally retarded and developmental type disability care provider. The tax credit may not be applied against withholding taxes. The tax credit is non-refundable, but may be carried forward four years. The tax credit is transferable. A provider may apply to the Department of Revenue for the tax credits. The provisions of this act shall automatically sunset six years after the effective date of the act unless reauthorized. JASON ZAMKUS SB1270 - SB1270 - Modifies provisions of the enhanced enterprise tax benefit program
Latest Action: 03/27/2008 - Bill Combined w/(SCS/SBs 1234 & 1270) Bill Text SPECIAL NOTE: This bill has been combined with other bills. Please refer to lead bill (SB 1234) for more information SB1262 - SB1262 - Creates incentives and requirements for renewable energy production and use
Latest Action: 04/10/2008 - Bill Combined w/(SCS/SBs 1181, 1100, 1262 & 1263) Bill Text SPECIAL NOTE: This bill has been combined with other bills. Please refer to lead bill (SB 1181) for more information Latest Action: 03/13/2008 - Referred: Health Care Policy (H) Bill Text HB 2293 - BREAST CANCER TAX CHECKOFF - Faith, Sally A. Creates an income tax checkoff for contributions by individuals and corporations to the Breast Cancer Awareness Trust Fund on the annual filing form Latest Action: 05/16/2008 - Referred: Ways and Means (H) Bill Text HB 2290 - FEDERAL ECONOMIC STIMULUS PAYMENTS - Lembke, Jim Exempts any advance refund amount received from the federal Economic Stimulus Act of 2008 from the Missouri individual income tax HB2274 - HB 2274 - ALTERNATIVE FUEL TAX INCENTIVES - Munzlinger, Brian
Latest Action: 05/16/2008 - Referred: Special Committee on Energy and Environment (H) Bill Text HB 2274 - ALTERNATIVE FUEL TAX INCENTIVES - Munzlinger, Brian Changes the laws regarding tax incentives for certain alternative fuel uses and authorizes an individual income tax deduction for the purchase of a qualified hybrid vehicle SB1234 - SB1234 - Modifies provisions of the enhanced enterprise tax benefit program
Latest Action: 05/16/2008 - S Informal Calendar S Bills for Perfection--SBs 1234 & 1270-Shields, with SCS & SS#2 for SCS (pending) Bill Text SS/SCS/SB's 1234 & 1270 - This act creates a new type of project under the enhanced enterprise zone tax benefit act known as mega-projects. A taxpayer who establishes a mega-project within an enhanced enterprise zone will be allowed an income tax credit equal to a percentage of the taxpayer's new annual payroll for employees located at the project. In order to be approved as a mega-project, the new capitol investment must be projected to exceed three hundred million dollars and the project must be projected to create at least one thousand new jobs over a period of eight years. The new jobs created must have an average wage in excess of the county average wage and the taxpayer must offer health insurance to all new jobs and pay at least half of the premiums for such insurance. The taxpayer must provide an acceptable plan for repayment of tax credits received. Prior to final approval of a mega-project, the department and the taxpayer must enter into a binding contract which: sets out the [...] show full description SB1220 - SB1220 - Modifies provisions of various state tax credit programs
Latest Action: 04/01/2008 - Hearing Conducted S Ways & Means Committee Bill Text SB 1220 - This act requires all members of the General Assembly to file a financial interest statement with the Missouri Ethics Commission disclosing any state tax credits claimed on the most recent state income tax return of the member, the member's spouse, or the member's dependent child. The Department of Revenue must make information regarding state tax credits claimed by a member of the General Assembly available to the public. The maximum upper limit and minimum base amounts, for the senior citizen property tax credit for calendar year 2008, are extended to all subsequent calendar years. The maximum award under the senior citizen property tax credit program is increased from seven hundred fifty dollars to one thousand dollars. As of June 30, 2010, no new tax credits may be authorized under the wood energy tax credit program. The act repeals the manufacturing and recycling flexible cellulose casing tax credit and the sponsorship and mentoring tax credit. JASON ZAMKUS SB1204 - SB1204 - Requires the governor to disclose information regarding tax credits and state contracts
Latest Action: 03/26/2008 - S Consent Calendar--SB 1204-Goodman Bill Text SB 1204 - The Office of Administration shall administer the Missouri Accountability Portal website to provide the public with information relating to state contracts and tax credit issuance. The Governor shall submit ordered and detailed information regarding state contracts as part of the state budget. This act is similar to HB 975 (2007). CHRIS HOGERTY SB1188 - SB1188 - Modifies provisions of the qualified research expense tax credit program
Latest Action: 04/01/2008 - Hearing Conducted S Ways & Means Committee Bill Text 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 HB2260 - HB2260 - Modifies provisions of the qualified research expense tax credit program
Latest Action: 05/06/2008 - Second Read and Referred S Ways & Means Committee Bill Text HB 2260 - QUALIFIED RESEARCH EXPENSES CREDIT - Storch, Rachel Re-authorizes the tax credits for qualified research expenses, establishes the annual cap at $10 million, limits the qualified research activities, and requires that the credits be issued HB2259 - HB 2259 - CREDIT FOR SENIOR CENTER DONATIONS - Brandom, Ellen
Latest Action: 04/16/2008 - Voted Do Pass (H) Bill Text HB 2259 - CREDIT FOR SENIOR CENTER DONATIONS - Brandom, Ellen Authorizes an income tax credit for food or cash donations to senior citizen services centers HB2249 - HB 2249 - CREDIT FOR QUALIFIED RESEARCH COSTS - Onder, Bob
Latest Action: 04/10/2008 - Referred: Special Committee on Small Business (H) Bill Text HB 2249 - CREDIT FOR QUALIFIED RESEARCH COSTS - Onder, Bob Authorizes a tax credit for qualified research costs paid by a qualified Missouri business Latest Action: 04/16/2008 - Public Hearing Completed (H) Bill Text HB 2215 - QUALITY JOBS PROGRAM - Flook, Tim Increases the annual cap on the amount of tax credits the Department of Economic Development may issue for the Quality Jobs Program from $40 million to $60 million SB1166 - SB1166 - Provides for cost of living increases for Department of Mental Health contracted community providers
Latest Action: 03/04/2008 - Hearing Conducted S Health and Mental Health Committee Bill Text SB 1166 - This act provides that annual cost of living percentage increases for contracted community providers with the Department of Mental Health shall be no less than the annual percentage pay increase for Department of Mental Health state employees. ADRIANE CROUSE Latest Action: 05/16/2008 - Referred: Ways and Means (H) Bill Text HB 2187 - INCOME TAX CREDIT FOR POLL WORKERS - Low, Beth Authorizes an income tax credit for service as a poll worker Latest Action: 04/23/2008 - Public Hearing Completed (H) Bill Text HB 2136 - PUBLIC SCHOOL FOUNDATION DONATIONS - Dixon, Bob Authorizes an income tax credit for certain donations to public school foundations HB2156 - HB 2156 - TAX CREDIT FOR STAY-AT-HOME PARENTS - Grill, Jason
Latest Action: 04/16/2008 - Taken Up for Perfection (H) Bill Text HB 2156 - TAX CREDIT FOR STAY-AT-HOME PARENTS - Grill, Jason Authorizes the Motherhood/Fatherhood Stay-at-Home tax credit for certain parents who stay at home to provide care for a child up to 24 months of age HB2167 - HB 2167 - PROMOTING MISSOURI FOOD PRODUCTS ACT - Grill, Jason
Latest Action: 03/06/2008 - Public Hearing Completed (H) Bill Text HB 2167 - PROMOTING MISSOURI FOOD PRODUCTS ACT - Grill, Jason Establishes the Promoting Missouri Food Products Act and authorizes a tax credit for certain purchasers of Missouri food products Latest Action: 04/10/2008 - SCS Voted Do Pass S Commerce, Energy and the Environment Committee - (3110S.10C) Bill Text SCS/SB 1117 - This act creates the "Show Me Green Sales Tax Holiday." For 2009 and every year thereafter, during the seven day period beginning on April 19th and ending April 25th, the first $1,500 paid per appliance for an Energy Star certified appliance will be exempt from state sales tax. Political subdivisions may opt in to the sales tax holiday at their choosing. The provisions of the act shall expire August 28, 2012. ERIKA JAQUES Latest Action: 05/29/2008 - Signed by House Speaker(H) Bill Text HB 2058 - BUSINESS DEVELOPMENT TAX INCENTIVES - Pearce, David Changes the laws regarding tax incentives for business development HB1974 - HB 1974 - PUBLIC-PRIVATE PARTNERSHIPS - Schlottach, Charles
Latest Action: 04/16/2008 - Rules - Executive Session Completed (H) Bill Text HB 1974 - PUBLIC-PRIVATE PARTNERSHIPS - Schlottach, Charles Changes the laws regarding the Missouri Public-Private Partnerships Transportation Act and authorizes a sales and use tax exemption on sales and purchases of certain items used in public-private projects HB1981 - HB 1981 - TAX CREDIT FOR CERTAIN VEHICLES - Spreng, Michael
Latest Action: 04/16/2008 - Second Read/Referred: Ways and Means (S) Bill Text HB 1981 - TAX CREDIT FOR CERTAIN VEHICLES - Spreng, Michael Authorizes a tax credit equal to 100% of the state sales tax paid on any motor vehicle assembled and purchased in Missouri HB1892 - HB 1892 - ALTERNATIVE ENERGY TAX DEDUCTION - Holsman, Jason R.
Latest Action: 04/08/2008 - Public Hearing Scheduled, Bill not Heard (H) Bill Text HB 1892 - ALTERNATIVE ENERGY TAX DEDUCTION - Holsman, Jason R. Allows taxpayers who use specified types of fuel cell or solar energy to generate electricity for their residences to claim a tax deduction Latest Action: 03/05/2008 - HCS Reported Do Pass (H) Bill Text HB 1882 - CREDIT FOR MILITARY BENEFITS - Kraus, Will Authorizes an individual income tax credit for military retirement benefits HB1886 - HB 1886 - SPECIAL NEEDS SCHOLARSHIP TAX CREDIT - Scharnhorst, Dwight
Latest Action: 03/13/2008 - HCS#2 PENDING Bill Text HB 1886 - SPECIAL NEEDS SCHOLARSHIP TAX CREDIT - Scharnhorst, Dwight Establishes Bryce's Law which authorizes a tax credit for individuals who donate to a scholarship-granting organization if the donation is not claimed on their federal income tax return SB1028 - SB1028 - Requires reporting of taxpayer information regarding the utilization of state tax credits
Latest Action: 03/03/2008 - Hearing Conducted S Ways & Means Committee Bill Text SB 1028 - This act requires the administering agency of any tax credit program now, or hereafter, authorized under Missouri law to report to the State Auditor: the name and address of the applicant; the amount of tax credits issued to such applicant; and the program under which the tax credit is authorized. The Department of Revenue is required to provide similar information to the State Auditor regarding taxpayers upon the redemption of state tax credits. The information provided to the State Auditor will be made available for public inspection on the Auditor's website. JASON ZAMKUS Latest Action: 02/20/2008 - Public Hearing Completed (H) Bill Text HB 1810 - TAXATION - Cooper, Shannon Changes the laws regarding sales and use, property, and motor fuel taxes Latest Action: 01/30/2008 - Public Hearing Completed (H) Bill Text HB 1757 - ILLEGAL ALIENS - Davis, Cynthia L. Requires any employer convicted of hiring illegal aliens to repay double the value of any state-administered or subsidized tax credit, tax abatement, or loan HB1714 - HB 1714 - CREDIT FOR NATURAL DISASTER LOSSES - Norr, Charlie
Latest Action: 02/28/2008 - Referred: Ways and Means (H) Bill Text HB 1714 - CREDIT FOR NATURAL DISASTER LOSSES - Norr, Charlie Authorizes an income tax credit for costs of repairs or losses incurred in a federally and state-declared natural disaster area Latest Action: 05/16/2008 - Referred: Ways and Means (H) Bill Text HB 1743 - INCOME TAX CREDIT - Dusenberg, Gary Clarifies that the surviving spouse of a public safety officer can claim an income tax credit for the real property taxes paid for each year he or she remains unmarried beginning when the spouse dies Latest Action: 03/11/2008 - Executive Session Completed (H) Bill Text HB 1674 - FINANCIAL DISCLOSURES - Cooper, Shannon Requires all members of the General Assembly to file a financial interest statement showing whether any state tax credits were claimed on the most recent tax return of the member or the member's family Latest Action: 04/16/2008 - Public Hearing Scheduled, Bill not Heard (H) Bill Text HB 1699 - IDLE REDUCING TECHNOLOGY TAX CREDIT - Wasson, Jay Authorizes an income tax credit for up to 50% of the cost to purchase and install idle reduction technology on a class 8 truck Latest Action: 02/13/2008 - HCS Reported Do Pass (H) Bill Text HB 1668 - TAX CREDIT FOR STORM SHELTERS - Ruzicka, Don Authorizes an income tax credit for 50% of the cost of the construction of a storm shelter or $2,000, whichever is less HB1590 - HB 1590 - AGRICULTURAL INCENTIVES AND PROGRAMS - Munzlinger, Brian
Latest Action: 04/02/2008 - Rules - Executive Session Completed (H) Bill Text HB 1590 - AGRICULTURAL INCENTIVES AND PROGRAMS - Munzlinger, Brian Changes the laws regarding the administration of agricultural incentives and programs HB1595 - HB1595 - Creates a tax credit for the construction of storm shelters
Latest Action: 05/16/2008 - S Inf Calendar H Bills for Third Reading--HCS for HBs 1595 & 1668 (Mayer) Bill Text HB 1595 - TAX CREDIT FOR STORM SHELTERS - Swinger, Terry Authorizes an income tax credit for 50% of the cost of the construction of a storm shelter or $2,000, whichever is less HB1554 - HB 1554 - CREDIT FOR SPECIAL NEEDS EDUCATION - Hughes, Leonard
Latest Action: 04/09/2008 - Executive Session Completed (H) Bill Text HB 1554 - CREDIT FOR SPECIAL NEEDS EDUCATION - Hughes, Leonard Authorizes an income tax credit for contributions to nonprofit special needs education support organizations HB1562 - HB 1562 - TAX CREDIT FOR MILITARY COMPENSATION - LeVota, Paul
Latest Action: 04/07/2008 - Rules - Executive Session Completed (H) Bill Text HB 1562 - TAX CREDIT FOR MILITARY COMPENSATION - LeVota, Paul Authorizes a tax credit to a taxpayer for 100% of the salary and benefits paid to an employee while on active military duty SB898 - SB898 - Modifies provisions pertaining to the administration of agriculture incentives and programs
Latest Action: 05/16/2008 - S Formal Calendar S Bills for Third Reading--SS for SCS for SB 898-Clemens (In Fiscal Oversight) Bill Text SS/SCS/SB 898 - This act modifies provisions pertaining to the administration of agriculture incentives and programs. SECTIONS 32.057 and 105.485 - State Tax Credit ReportingThis act requires all members of the General Assembly to file a financial interest statement with the Missouri Ethics Commission disclosing any state tax credits claimed on the most recent state income tax return of the member, the member's spouse, or the member's dependent child. The Department of Revenue must make information regarding state tax credits claimed by a member of the General Assembly available to the public. SECTION 135.633 - Tax Credit for Odor AbatementThis act creates a tax credit for agricultural odor abatement activities. The tax credit shall be equal to either the lesser of $25,000 or 50% of the eligible expenses incurred by a Class IC or smaller concentrated animal feeding operation to implement certain odor abatement best management practices. The cumulative amount of tax credits issued [...] show full description HB1434 - HB 1434 - EMPLOYMENT OF ILLEGAL ALIENS - Wildberger, Edward
Latest Action: 01/24/2008 - Referred: Special Committee on Immigration (H) Bill Text HB 1434 - EMPLOYMENT OF ILLEGAL ALIENS - Wildberger, Edward Requires individuals or businesses convicted of knowingly accepting any state-administered or subsidized tax credit, tax abatement, or loan while employing illegal aliens to repay the amount to the state SB879 - SB879 - Modifies the maximum amount of certain agricultural tax credits that may be issued each fiscal year and extends the expiration date for the tax credits
Latest Action: 01/15/2008 - Second Read and Referred S Agriculture, Conservation, Parks & Natural Resources Committee Bill Text SB 879 - This act increases from $6 million to $12 million the aggregate amount of tax credits that may be issued per fiscal year for the Agricultural Product Utilization Contributor tax credit and the New Generation Cooperative Incentive tax credit. The Missouri Agricultural and Small Business Development Authority is allowed to issue up to $1 million in Agricultural Product Utilization tax credits in any fiscal year to individuals contributing cash funds to the Authority. The Authority may issue additional Agricultural Product Utilization tax credits in circumstances as described in the act. Currently, both tax credit programs are scheduled to expire on December 31, 2010. The act extends the expiration date until December 31, 2016. This act is similar to SB 489 (2007) and HB 346 (2007). ERIKA JAQUES Latest Action: 04/17/2008 - Rules - Executive Session Completed (H) Bill Text HB 1425 - AGRICULTURAL TAX CREDITS - Munzlinger, Brian Increases the cap on the aggregate of certain agricultural tax credits and extends the expiration date for the Missouri Agricultural and Small Business Development Authority to issue tax credits Latest Action: 02/14/2008 - Referred: Transportation (H) Bill Text HJR 50 - DIRECTOR OF TRANSPORTATION - Dusenberg, Gary Proposes a constitutional amendment replacing the Highways and Transportation Commission with a Director of Transportation Latest Action: 05/16/2008 - Referred: Agriculture Policy (H) Bill Text HB 1390 - FAMILY FARM LIVESTOCK LOAN PROGRAM - Loehner, Tom Increases the maximum amount of tax credits that can be annually authorized to eligible lenders participating in the Farmily Farm Livestock Loan Program HB1367 - HB 1367 - VOLUNTEER FIREFIGHTER TAX CREDIT - Ruestman, Marilyn
Latest Action: 03/03/2008 - Executive Session Completed (H) Bill Text HB 1367 - VOLUNTEER FIREFIGHTER TAX CREDIT - Ruestman, Marilyn Authorizes an income tax credit for certain volunteer firefighters SB717 - SB717 - Increases the amount of tax credits available for taxpayers who modify their home for disabled persons residing with such taxpayers
Latest Action: 05/16/2008 - S Informal Calendar S Bills for Perfection--SB 717-Kennedy and Shields Bill Text SB 717 - This act increases the amount of tax credits available for taxpayers who modify their home to be accessible for disabled people who reside with such taxpayer. Under current law, up to one hundred thousand dollars in tax credits remaining unused under the rebuilding communities tax credit program are allocated for use by taxpayers who modify their homes for disabled persons residing with such taxpayers. This act increases the amount of available tax credits by allocating all unused tax credits under the rebuilding communities tax credit program for use by taxpayers who modify their homes for disabled persons residing with such taxpayers. The rebuilding communities tax credit program is capped at ten million dollars annually. JASON ZAMKUS SB718 - SB718 - Modifies provisions of certain tax credit programs administered by the Department of Economic Development
Latest Action: 05/29/2008 - Reported Duly Enrolled S Rules Committee Bill Text CCS/HCS#2/SS/SCS/SB 718 - This act increases the annual cap on the amount of tax credits the Department of Economic Development may authorize for the Enhanced Enterprise Zone Program from fourteen million dollars to twenty-four million dollars. The fiscal year cap on economic development tax credits that are approved as part of the Neighborhood Assistance Program is increased from four million dollars to six million dollars. The city of Harrisonville is authorized to impose, upon voter approval, a sales tax of up to one half of one percent for the operation of public safety departments including employee compensation, pension programs, health care, employment of additional police officers, and additional equipment and facilities. The city of Raytown is authorized to impose, upon voter approval, a sales tax of up to one half of one percent for the purpose of improving public safety in the city, including expenditures on equipment, city employee salaries and benefits, and facilities for [...] show full description SB735 - SB735 - Requires mandatory review and sunset of certain tax credit programs
Latest Action: 01/10/2008 - Second Read and Referred S Ways & Means Committee Bill Text SB 735 - This act requires the Joint Committee on Tax Policy to review all state tax credit programs which are not currently subject to a sunset. The joint committee is required to report its findings to the general assembly. Effective December 31, 2013, no tax credits, authorized under programs which are not subject to a sunset, may be issued unless the general assembly adopts a concurrent resolution approving and re-authorizing such tax credit program after it has been reviewed by the joint committee, or a general law is enacted modifying provisions of such tax credit program. Any tax credit program re-authorized in accordance with this act will be deemed a new program and thus subject to a six year sunset provision. JASON ZAMKUS SB772 - SB772 - Establishes a tax credit for recycling construction waste and directs the Department of Natural Resources to establish and administer construction and demolition waste reduction grants
Latest Action: 01/10/2008 - Second Read and Referred S Commerce, Energy and the Environment Committee Bill Text SB 772 - This act creates a tax credit for expenses incurred in recycling construction waste. The credit shall be equal to 75% of the expenses incurred for recycling the construction waste. The tax credit is non-refundable and non-transferrable but may be carried forward up to three subsequent tax years. The Department of Natural Resources shall administer the tax credit program and shall maintain a list of all taxpayers eligible for the tax credit. The total amount of tax credits issued in any year shall not exceed $1,000,000 and the tax credit program shall sunset after 6 years. This act also directs the Department of Natural Resources to establish and administer a state-funded grant program for construction and demolition waste reduction. This act is identical to SCS/SB 220 (2007) and similar to HB 707 (2007). ERIKA JAQUES |
 Bill Categories in Missouri
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