SECONDREGULARSESSION
HOUSEBILLNO.2319
102NDGENERALASSEMBLY
INTRODUCEDBYREPRESENTATIVEOWEN.
4638H.01I DANARADEMANMILLER,ChiefClerk
ANACT
Torepealsections32.125,68.075,100.286,100.297,100.850,135.090,135.110,135.326,
135.339,135.341,135.432,135.460,135.487,135.490,135.550,135.562,135.600,
135.630,135.647,135.690,135.700,135.719,135.772,135.775,135.778,135.1125,
135.1150,135.1180,137.1018,143.119,143.177,143.471,148.030,192.2015,
208.770,348.505,and447.708,RSMo,andtoenactinlieuthereofthirty-sevennew
sectionsrelatingtotaxcredits.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Sections32.125,68.075,100.286,100.297,100.850,135.090,135.110,
2135.326,135.339,135.341,135.432,135.460,135.487,135.490,135.550,135.562,135.600,
3135.630,135.647,135.690,135.700,135.719,135.772,135.775,135.778,135.1125,
4135.1150,135.1180,137.1018,143.119,143.177,143.471,148.030,192.2015,208.770,
5348.505,and447.708,RSMo,arerepealedandthirty-sevennewsectionsenactedinlieu
6thereof,tobeknownassections32.125,68.075,100.286,100.297,100.850,135.090,
7135.110,135.326,135.339,135.341,135.432,135.460,135.487,135.490,135.550,135.562,
8135.600,135.630,135.647,135.690,135.700,135.719,135.772,135.775,135.778,
9135.1125,135.1150,135.1180,137.1018,143.119,143.177,143.471,148.030,192.2015,
10208.770,348.505,and447.708,toreadasfollows:
32.125.1.Noruleorportionofarulepromulgatedundertheauthorityofthischapter
2shallbecomeeffectiveunlessithasbeenpromulgatedpursuanttotheprovisionsofsection
3536.024.
4 2.Undersection23.253oftheMissourisunsetact:
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 5 (1)Theprovisionsoftheprogramauthorizedundersections32.105to32.125
6shallautomaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
7generalassembly;
8 (2)Ifsuchprogramisreauthorized,theprogramauthorizedundersections
932.105to32.125shallautomaticallysunsetonDecemberthirty-first,sixyearsafterthe
10effectivedateofthereauthorizationofsections32.105to32.125;
11 (3)Sections32.105to32.125shallterminateonSeptemberfirstofthecalendar
12yearimmediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunder
13sections32.105to32.125issunset;and
14 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
15impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
16programauthorizedunderthissectionexpires.
68.075.1.Thissectionshallbeknownandmaybecitedasthe"AdvancedIndustrial
2ManufacturingZonesAct".
3 2.Asusedinthissection,thefollowingtermsshallmean:
4 (1)"AIMzone",anareaidentifiedthrougharesolutionpassedbytheportauthority
5boardofcommissionersappointedundersection68.045thatisbeingdevelopedor
6redevelopedforanypurposesolongasanyinfrastructureandbuildingbuiltorimprovedisin
7thedevelopmentarea.Theportauthorityboardofcommissionersshallfileanannualreport
8indicatingtheestablishedAIMzoneswiththedepartmentofrevenue;
9 (2)"Countyaveragewage",theaveragewageineachcountyasdeterminedbythe
10Missouridepartmentofeconomicdevelopmentforthemostrecentlycompletedfullcalendar
11year.However,ifthecomputedcountyaveragewageisabovethestatewideaveragewage,
12thestatewideaveragewageshallbedeemedthecountyaveragewageforsuchcountyforthe
13purposeofdeterminingeligibility;
14 (3)"Newjob",thenumberoffull-timeemployeeslocatedattheprojectfacilitythat
15exceedstheprojectfacilitybaseemploymentlessanydecreaseinthenumberoffull-time
16employeesatrelatedfacilitiesbelowtherelatedfacilitybaseemployment.Nojobthatwas
17createdpriortothedateofthenoticeofintentshallbedeemedanewjob.Anemployeethat
18spendslessthanfiftypercentoftheemployee'sworktimeatthefacilityisstillconsideredto
19belocatedatafacilityiftheemployeereceiveshisorherdirectionsandcontrolfromthat
20facility,isonthefacility'spayroll,onehundredpercentoftheemployee'sincomefromsuch
21employmentisMissouriincome,andtheemployeeispaidatorabovethecountyaverage
22wage;
23 (4)"Relatedfacility",afacilityoperatedbyacompanyorarelatedcompanypriorto
24theestablishmentoftheAIMzoneinquestionlocatedwithinanyportdistrict,asdefined
HB2319 2 25undersection68.015,whichisdirectlyrelatedtotheoperationsofthefacilitywithinthenew
26AIMzone.
27 3.AnyportauthoritylocatedinthisstatemayestablishanAIMzone.Suchzonemay
28onlyincludetheareawithintheportauthority'sjurisdiction,ownership,orcontrol,andmay
29includeanysucharea.TheportauthorityshalldeterminetheboundariesforeachAIMzone,
30andmorethanoneAIMzonemayexistwithintheportauthority'sjurisdictionorunderthe
31portauthority'sownershiporcontrol,andmaybeexpandedorcontractedbyresolutionofthe
32portauthorityboardofcommissioners.
33 4.(1)Fiftypercentofthestatetaxwithholdingsimposedbysections143.191to
34143.265onnewjobswithinsuchzoneafterdevelopmentorredevelopmenthascommenced
35shallnotberemittedtothegeneralrevenuefundofthestateofMissouri.Suchmoneysshall
36bedepositedintotheportauthorityAIMzonefundestablishedundersubsection5ofthis
37sectionforthepurposeofcontinuingtoexpand,develop,andredevelopAIMzonesidentified
38bytheportauthorityboardofcommissionersandmaybeusedformanagerial,engineering,
39legal,research,promotion,planning,satisfactionofbondsissuedundersection68.040,and
40anyotherexpenses.
41 (2)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
42amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
43totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
44highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
45fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
46 (3)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
47thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
48allowedbasedontheorderinwhichtheyareclaimed.
49 5.Thereisherebycreatedinthestatetreasurythe"PortAuthorityAIMZoneFund",
50whichshallconsistofmoneycollectedunderthissection.Thestatetreasurershallbe
51custodianofthefundandshallapprovedisbursementsfromthefundinaccordancewith
52sections30.170and30.180totheportauthoritiesfromwhichthefundswerecollected,less
53thepro-rataportionappropriatedbythegeneralassemblytobeusedsolelyforthe
54administrationofthissectionwhichshallnotexceedtenpercentofthetotalamountcollected
55withinthezonesofaportauthority.Notwithstandingtheprovisionsofsection33.080tothe
56contrary,anymoneysremaininginthefundattheendofthebienniumshallnotreverttothe
57creditofthegeneralrevenuefund.Thestatetreasurershallinvestmoneysinthefundinthe
58samemannerasotherfundsareinvested.Anyinterestandmoneysearnedonsuch
59investmentsshallbecreditedtothefund.
60 6.Theportauthorityshallapproveanyprojectsthatbeginconstructionanddisperse
61anymoneycollectedunderthissection.Theportauthorityshallsubmitanannualbudgetfor
HB2319 3 62thefundstothedepartmentofeconomicdevelopmentexplaininghowandwhensuchmoney
63willbespent.
64 7.Theprovisionofsection23.253notwithstanding,noAIMzonemaybeestablished
65afterAugust28,2030.AnyAIMzonecreatedpriortothatdateshallcontinuetoexistandbe
66coterminouswiththeretirementofalldebtsincurredundersubsection4ofthissection.No
67debtsmaybeincurredorreauthorizedusingAIMzonerevenueafterAugust28,2030.
100.286.1.Withinthediscretionoftheboard,thedevelopmentandreservefund,the
2infrastructuredevelopmentfundortheexportfinancefundmaybepledgedtosecurethe
3paymentofanybondsornotesissuedbytheboard,ortosecurethepaymentofanyloanmade
4bytheboardoraparticipatinglenderwhichloan:
5 (1)Isrequestedtofinanceanyprojectorexporttradeactivity;
6 (2)Isrequestedbyaborrowerwhoisdemonstratedtobefinanciallyresponsible;
7 (3)Canreasonablybeexpectedtoprovideabenefittotheeconomyofthisstate;
8 (4)Isotherwisesecuredbyamortgageordeedoftrustonrealorpersonalpropertyor
9othersecuritysatisfactorytotheboard;providedthatloanstofinanceexporttradeactivities
10maybesecuredbyexportaccountsreceivableorinventoriesofexportablegoodssatisfactory
11totheboard;
12 (5)Doesnotexceedfivemilliondollars;
13 (6)Doesnothaveatermlongerthanfiveyearsifsuchloanismadetofinanceexport
14tradeactivities;and
15 (7)Is,whenusedtofinanceexporttradeactivities,madetosmallormediumsize
16businessesoragriculturalbusinesses,asmaybedefinedbytheboard.
17 2.Theboardshallprescribestandardsfortheevaluationofthefinancialcondition,
18businesshistory,andqualificationsofeachborrowerandthetermsandconditionsofloans
19whichmaybesecured,andmayrequireeachapplicationtoincludeafinancialreportand
20evaluationbyanindependentcertifiedpublicaccountingfirm,inadditiontosuch
21examinationandevaluationasmaybeconductedbyanyparticipatinglender.
22 3.Eachapplicationforaloansecuredbythedevelopmentandreservefund,the
23infrastructuredevelopmentfundortheexportfinancefundshallbereviewedinthefirst
24instancebyanyparticipatinglendertowhomtheapplicationwassubmitted.Ifsatisfiedthat
25thestandardsprescribedbytheboardaremetandthattheloanisotherwiseeligibletobe
26securedbythedevelopmentandreservefund,theinfrastructuredevelopmentfundorthe
27exportfinancefund,theparticipatinglendershallcertifythesameandforwardtheapplication
28forfinalapprovaltotheboard.
29 4.Thesecuringofanyloansbythedevelopmentandreservefund,theinfrastructure
30developmentfundortheexportfinancefundshallbeconditioneduponapprovalofthe
HB2319 4 31applicationbytheboard,andreceiptofanannualreserveparticipationfee,asprescribedby
32theboard,submittedbyoronbehalfoftheborrower.
33 5.Thesecuringofanyloanbytheexportfinancefundforexporttradeactivitiesshall
34beconditionedupontheboard'scompliancewithanyapplicabletreatiesandinternational
35agreements,suchasthegeneralagreementontariffsandtradeandthesubsidiescode,to
36whichtheUnitedStatesisthenaparty.
37 6.Anytaxpayer,includinganycharitableorganizationthatisexemptfromfederal
38incometaxandwhoseMissouriunrelatedbusinesstaxableincome,ifany,wouldbesubjectto
39thestateincometaximposedunderchapter143,may,subjecttothelimitationsprovided
40undersubsection8ofthissection,receiveataxcreditagainstanytaxotherwisedueunderthe
41provisionsofchapter143,excludingwithholdingtaximposedbysections143.191to
42143.261,chapter147,orchapter148,intheamountoffiftypercentofanyamount
43contributedinmoneyorpropertybythetaxpayertothedevelopmentandreservefund,the
44infrastructuredevelopmentfundortheexportfinancefundduringthetaxpayer'staxyear,
45provided,however,thetotaltaxcreditsawardedinanycalendaryearbeginningafterJanuary
461,1994,shallnotbethegreateroftenmilliondollarsorfivepercentoftheaveragegrowthin
47generalrevenuereceiptsintheprecedingthreefiscalyears.Thislimitmaybeexceededonly
48uponjointagreementbythecommissionerofadministration,thedirectorofthedepartmentof
49economicdevelopment,andthedirectorofthedepartmentofrevenuethatsuchactionis
50essentialtoensureretentionorattractionofinvestmentinMissouri.Iftheboardreceives,asa
51contribution,realproperty,thecontributoratsuchcontributor'sownexpenseshallhavetwo
52independentappraisalsconductedbyappraiserscertifiedbytheMasterAppraisalInstitute.
53Bothappraisalsshallbesubmittedtotheboard,andthetaxcreditcertifiedbytheboardtothe
54contributorshallbebaseduponthevalueofthelowerofthetwoappraisals.Theboardshall
55notcertifythetaxcredituntilthepropertyisdeededtotheboard.Suchcreditshallnotapply
56toreserveparticipationfeespaidbyborrowersundersections100.250to100.297.The
57portionofearnedtaxcreditswhichexceedsthetaxpayer'staxliabilitymaybecarriedforward
58foruptofiveyears.
59 7.Notwithstandinganyprovisionoflawtothecontrary,anytaxpayermaysell,
60assign,exchange,conveyorotherwisetransfertaxcreditsallowedinsubsection6ofthis
61sectionunderthetermsandconditionsprescribedinsubdivisions(1)and(2)ofthis
62subsection.Suchtaxpayer,hereinaftertheassignorforthepurposeofthissubsection,may
63sell,assign,exchangeorotherwisetransferearnedtaxcredits:
64 (1)Fornolessthanseventy-fivepercentoftheparvalueofsuchcredits;and
65 (2)Inanamountnottoexceedonehundredpercentofannualearnedcredits.
66
HB2319 5 67Thetaxpayeracquiringearnedcredits,hereinaftertheassigneeforthepurposeofthis
68subsection,mayusetheacquiredcreditstooffsetuptoonehundredpercentofthetax
69liabilitiesotherwiseimposedbychapter143,excludingwithholdingtaximposedbysections
70143.191to143.261,chapter147,orchapter148.Unusedcreditsinthehandsoftheassignee
71maybecarriedforwardforuptofiveyears,providedallsuchcreditsshallbeclaimedwithin
72tenyearsfollowingthetaxyearsinwhichthecontributionwasmade.Theassignorshall
73enterintoawrittenagreementwiththeassigneeestablishingthetermsandconditionsofthe
74agreementandshallperfectsuchtransferbynotifyingtheboardinwritingwithinthirty
75calendardaysfollowingtheeffectivedayofthetransferandshallprovideanyinformationas
76mayberequiredbytheboardtoadministerandcarryouttheprovisionsofthissection.
77Notwithstandinganyotherprovisionoflawtothecontrary,theamountreceivedbythe
78assignorofsuchtaxcreditshallbetaxableasincomeoftheassignor,andtheexcessofthepar
79valueofsuchcreditovertheamountpaidbytheassigneeforsuchcreditshallbetaxableas
80incomeoftheassignee.
81 8.Provisionsofsubsections1to7ofthissectiontothecontrarynotwithstanding,no
82morethantenmilliondollarsintaxcreditsprovidedunderthissection,maybeauthorizedor
83approvedannually.Thelimitationontaxcreditauthorizationandapprovalprovidedunder
84thissubsectionmaybeexceededonlyuponmutualagreement,evidencedbyasignedand
85properlynotarizedletter,bythecommissioneroftheofficeofadministration,thedirectorof
86thedepartmentofeconomicdevelopment,andthedirectorofthedepartmentofrevenuethat
87suchactionisessentialtoensureretentionorattractionofinvestmentinMissouriprovided,
88however,thatinnocaseshallmorethantwenty-fivemilliondollarsintaxcreditsbe
89authorizedorapprovedduringsuchyear.Taxpayersshallfile,withtheboard,anapplication
90fortaxcreditsauthorizedunderthissectiononaformprovidedbytheboard.Theprovisions
91ofthissubsectionshallnotbeconstruedtolimitorinanywayimpairtheabilityoftheboard
92toauthorizetaxcreditsforissuanceforprojectsauthorizedorapproved,byavoteofthe
93board,onorbeforethethirtiethdayfollowingtheeffectivedateofthisact,orataxpayer's
94abilitytoredeemsuchtaxcredits.
95 9.Undersection23.253oftheMissourisunsetact:
96 (1)Thetaxcreditprovisionsoftheprogramauthorizedunderthissectionshall
97automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthegeneral
98assembly;
99 (2)Ifsuchtaxcreditprovisionsarereauthorized,thetaxcreditprovisions
100authorizedunderthissectionshallautomaticallysunsetonDecemberthirty-first,six
101yearsaftertheeffectivedateofthereauthorizationofthissection;
HB2319 6 102 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
103immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
104sectionissunset;and
105 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
106impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
107programauthorizedunderthissectionexpires.
100.297.1.Theboardmayauthorizeataxcredit,asdescribedinthissection,tothe
2ownerofanyrevenuebondsornotesissuedbytheboardpursuanttotheprovisionsof
3sections100.250to100.297,forinfrastructurefacilitiesasdefinedinsubdivision(9)of
4section100.255,if,priortotheissuanceofsuchbondsornotes,theboarddeterminesthat:
5 (1)Theavailabilityofsuchtaxcreditisamaterialinducementtotheundertakingof
6theprojectinthestateofMissouriandtothesaleofthebondsornotes;
7 (2)Theloanwithrespecttotheprojectisadequatelysecuredbyafirstdeedoftrustor
8mortgageorcomparablelien,orothersecuritysatisfactorytotheboard.
9 2.Uponmakingthedeterminationsspecifiedinsubsection1ofthissection,theboard
10maydeclarethateachownerofanissueofrevenuebondsornotesshallbeentitled,inlieuof
11anyotherdeductionwithrespecttosuchbondsornotes,toataxcreditagainstanytax
12otherwiseduebysuchownerpursuanttotheprovisionsofchapter143,excluding
13withholdingtaximposedbysections143.191to143.261,chapter147,orchapter148,inthe
14amountofonehundredpercentoftheunpaidprincipalofandunpaidinterestonsuchbonds
15ornotesheldbysuchownerinthe[taxable] taxyearofsuchownerfollowingthecalendar
16yearofthedefaultoftheloanbytheborrowerwithrespecttotheproject.Theoccurrenceofa
17defaultshallbegovernedbydocumentsauthorizingtheissuanceofthebonds.Thetaxcredit
18allowedpursuanttothissectionshallbeavailabletotheoriginalownersofthebondsornotes
19oranysubsequentownerorownersthereof.Onceanownerisentitledtoaclaim,anysuch
20taxcreditsshallbetransferableasprovidedinsubsection7ofsection100.286.
21NotwithstandinganyprovisionofMissourilawtothecontrary,anyportionofthetax
22credittowhichanyownerofarevenuebondornoteisentitledpursuanttothissectionwhich
23exceedsthetotalincometaxliabilityofsuchownerofarevenuebondornoteshallbecarried
24forwardandallowedasacreditagainstanyfuturetaxesimposedonsuchownerwithinthe
25nexttenyearspursuanttotheprovisionsofchapter143,excludingwithholdingtaximposed
26bysections143.191to143.261,chapter147,orchapter148.Theeligibilityoftheownerof
27anyrevenuebondornoteissuedpursuanttotheprovisionsofsections100.250to100.297for
28thetaxcreditprovidedbythissectionshallbeexpresslystatedonthefaceofeachsuchbond
29ornote.Thetaxcreditallowedpursuanttothissectionshallalsobeavailabletoanyfinancial
30institutionorguarantorwhichexecutesanycreditfacilityassecurityforbondsissued
31pursuanttothissectiontothesameextentasifsuchfinancialinstitutionorguarantorwasan
HB2319 7 32ownerofthebondsornotes,providedhowever,insuchcasethetaxcreditsprovidedbythis
33sectionshallbeavailableimmediatelyfollowinganydefaultoftheloanbytheborrowerwith
34respecttotheproject.Inadditiontoreimbursingthefinancialinstitutionorguarantorfor
35claimsrelatingtounpaidprincipalandinterest,suchclaimmayincludepaymentofany
36unpaidfeesimposedbysuchfinancialinstitutionorguarantorforuseofthecreditfacility.
37 3.Theaggregateprincipalamountofrevenuebondsornotesoutstandingatanytime
38withrespecttowhichthetaxcreditprovidedinthissectionshallbeavailableshallnotexceed
39fiftymilliondollars.
40 4.Undersection23.253oftheMissourisunsetact:
41 (1)Theprovisionsofthetaxcreditprogramauthorizedunderthissectionshall
42automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthegeneral
43assembly;
44 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
45shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
46thereauthorizationofthissection;
47 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
48immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
49sectionissunset;and
50 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
51impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
52programauthorizedunderthissectionexpires.
100.850.1.Theapprovedcompanyshallremittotheboardajobdevelopment
2assessmentfee,nottoexceedfivepercentofthegrosswagesofeacheligibleemployee
3whosejobwascreatedasaresultoftheeconomicdevelopmentproject,ornottoexceedten
4percentiftheeconomicdevelopmentprojectislocatedwithinadistressedcommunityas
5definedinsection135.530,forthepurposeofretiringbondswhichfundtheeconomic
6developmentproject.
7 2.Anyapprovedcompanyremittinganassessmentasprovidedinsubsection1ofthis
8sectionshallmakeitspayrollbooksandrecordsavailabletotheboardatsuchreasonable
9timesastheboardshallrequestandshallfilewiththeboarddocumentationrespectingthe
10assessmentastheboardmayrequire.
11 3.Anyassessmentremittedpursuanttosubsection1ofthissectionshallceaseonthe
12datethebondsareretired.
13 4.Anyapprovedcompanywhichhaspaidanassessmentfordebtreductionshallbe
14allowedataxcreditequaltotheamountoftheassessment.Thetaxcreditmaybeclaimed
15againsttaxesotherwiseimposedbychapters143and148,exceptwithholdingtaxesimposed
HB2319 8 16undertheprovisionsofsections143.191to143.265,whichwereincurredduringthetax
17periodinwhichtheassessmentwasmade.
18 5.Innoeventshalltheaggregateamountoftaxcreditsauthorizedbysubsection4of
19thissectionexceedtwenty-fivemilliondollarsannually.Ofsuchamount,ninehundredfifty
20thousanddollarsshallbereservedforanapprovedprojectforaworldheadquartersofa
21businesswhoseprimaryfunctionistaxreturnpreparationthatislocatedinanyhomerulecity
22withmorethanfourhundredthousandinhabitantsandlocatedinmorethanonecounty,which
23amountreservedshallendintheyearofthefinalmaturityofthecertificatesissuedforsuch
24approvedproject.
25 6.Thedirectorofrevenueshallissuearefundtotheapprovedcompanytotheextent
26thattheamountofcreditsallowedinsubsection4ofthissectionexceedstheamountofthe
27approvedcompany'sincometax.
28 7.Undersection23.253oftheMissourisunsetact:
29 (1)Theprovisionsoftheprogramauthorizedundersections100.700to100.850
30shallautomaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
31generalassembly;
32 (2)Ifsuchprogramisreauthorized,theprogramauthorizedundersections
33100.700to100.850shallautomaticallysunsetonDecemberthirty-first,sixyearsafter
34theeffectivedateofthereauthorizationofsections100.700to100.850;
35 (3)Sections100.700to100.850shallterminateonSeptemberfirstofthe
36calendaryearimmediatelyfollowingthecalendaryearinwhichtheprogramauthorized
37undersections100.700to100.850issunset;and
38 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
39impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
40programauthorizedunderthissectionexpires.
135.090.1.Asusedinthissection,thefollowingtermsmean:
2 (1)"Homestead",thedwellinginMissouriownedbythesurvivingspouseandnot
3exceedingfiveacresoflandsurroundingitasisreasonablynecessaryforuseofthedwelling
4asahome.Asusedinthissection,"homestead"shallnotincludeanydwellingwhichis
5occupiedbymorethantwofamilies;
6 (2)"Publicsafetyofficer",anyfirefighter,policeofficer,capitolpoliceofficer,parole
7officer,probationofficer,correctionalemployee,waterpatrolofficer,parkranger,
8conservationofficer,commercialmotorvehicleenforcementofficer,emergencymedical
9responder,asdefinedinsection190.100,emergencymedicaltechnician,firstresponder,or
10highwaypatrolmanemployedbythestateofMissouriorapoliticalsubdivisionthereofwho
11iskilledinthelineofduty,unlessthedeathwastheresultoftheofficer'sownmisconductor
12abuseofalcoholordrugs;
HB2319 9 13 (3)"Survivingspouse",aspouse,whohasnotremarried,ofapublicsafetyofficer.
14 2.ForalltaxyearsbeginningonorafterJanuary1,2008,asurvivingspouseshallbe
15allowedacreditagainstthetaxotherwisedueunderchapter143,excludingwithholdingtax
16imposedbysections143.191to143.265,inanamountequaltothetotalamountofthe
17propertytaxesonthesurvivingspouse'shomesteadpaidduringthetaxyearforwhichthe
18creditisclaimed.Asurvivingspousemayclaimthecreditauthorizedunderthissectionfor
19eachtaxyearbeginningtheyearofdeathofthepublicsafetyofficerspouseuntilthetaxyear
20inwhichthesurvivingspouseremarries.Nocreditshallbeallowedforthetaxyearinwhich
21thesurvivingspouseremarries.Iftheamountallowableasacreditexceedstheincometax
22reducedbyothercredits,thentheexcessshallbeconsideredanoverpaymentoftheincome
23tax.
24 3.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
25amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
26totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
27highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
28fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartmentof
29revenue.
30 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
31thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
32allowedbasedontheorderinwhichtheyareclaimed.
33 4.Aftertheeffectivedateofthissection,thedepartmentofpublicsafetyshall
34administerthetaxcreditprovidedunderthissection.
35 5.Thedepartmentof[revenue] publicsafetyshallpromulgaterulestoimplementthe
36provisionsofthissection.
37 [4.]6.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
38createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies
39withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.
40Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe
41generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto
42disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof
43rulemakingauthorityandanyruleproposedoradoptedafterAugust28,2007,shallbeinvalid
44andvoid.
45 [5.]7.Pursuanttosection23.253oftheMissourisunsetact:
46 (1)TheprogramauthorizedunderthissectionshallexpireonDecember31,2027,
47unlessreauthorizedbythegeneralassembly;and
48 (2)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately
49followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset;and
HB2319 10 50 (3)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
51impairthedepartment'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
52programauthorizedunderthissectionexpiresorataxpayer'sabilitytoredeemsuchtax
53credits.
135.110.1.Anytaxpayerwhoshallestablishanewbusinessfacilityshallbeallowed
2acredit,eachyearfortenyears,inanamountdeterminedpursuanttosubsection2or3ofthis
3section,whicheverisapplicable,againstthetaximposedbychapter143,excluding
4withholdingtaximposedbysections143.191to143.265,oraninsurancecompanywhich
5shallestablishanewbusinessfacilitybysatisfyingtherequirementsinsubdivision(9)of
6section135.100shallbeallowedacreditagainstthetaxotherwiseimposedbychapter148,
7andinthecaseofaninsurancecompanyexemptfromthethirtypercentemployee
8requirementofsection135.230,againstanyobligationimposedpursuanttosection375.916,
9exceptthatnotaxpayershallbeentitledtomultipleten-yearperiodsforsubsequent
10expansionsatthesamefacility,exceptasotherwiseprovidedinthissection.Forthepurpose
11ofthissection,theterm"facility"shallmean,andbelimitedto,thefacilityorfacilitieswhich
12arelocatedonthesamesiteinwhichthenewbusinessfacilityislocated,andinwhichthe
13businessconductedatsuchfacilityorfacilitiesisdirectlyrelatedtothebusinessconductedat
14thenewbusinessfacility.Notwithstandingtheprovisionsofthissubsection,ataxpayermay
15beentitledtoanadditionalten-yearperiod,andanadditionalsix-yearperiodafterthe
16expirationofsuchadditionalten-yearperiod,ifanewbusinessfacilityisexpandedinthe
17eighth,ninthortenthyearofthecurrentten-yearperiodorinsubsequentyearsfollowingthe
18expirationoftheten-yearperiod,ifthenumberofnewbusinessfacilityemployeesattributed
19tosuchexpansionisatleasttwenty-fiveandtheamountofnewbusinessfacilityinvestment
20attributedtosuchexpansionisatleastonemilliondollars.Creditsmaynotbecarried
21forwardbutshallbeclaimedforthe[taxable] taxyearduringwhichcommencementof
22commercialoperationsoccursatsuchnewbusinessfacility,andforeachofthenine
23succeeding[taxable] taxyears.Aletterofintent,asprovidedforinsection135.258,mustbe
24filedwiththedepartmentofeconomicdevelopmentnolaterthanfifteendayspriortothe
25commencementofcommercialoperationsatthenewbusinessfacility.Theinitialapplication
26forclaimingtaxcreditsmustbemadeinthetaxpayer'staxperiodimmediatelyfollowingthe
27taxperiodinwhichcommencementofcommercialoperationsbeganatthenewbusiness
28facility.ThisprovisionshallhaveeffectonallinitialapplicationsfiledonorafterAugust28,
291992.Nocreditshallbeallowedpursuanttothissectionunlessthenumberofnewbusiness
30facilityemployeesengagedormaintainedinemploymentatthenewbusinessfacilityforthe
31[taxable] taxyearforwhichthecreditisclaimedequalsorexceedstwo;exceptthatthe
32numberofnewbusinessfacilityemployeesengagedormaintainedinemploymentbya
33revenue-producingenterpriseotherthanarevenue-producingenterprisedefinedinparagraphs
HB2319 11 34(a)to(g)and(i)to(l)ofsubdivision(12)ofsection135.100whichestablishesanofficeas
35definedinsubdivision(9)ofsection135.100shallequalorexceedtwenty-five.
36 2.FortaxperiodsbeginningafterAugust28,1991,inthecaseofataxpayeroperating
37anexistingbusinessfacility,thecreditallowedbysubsection1ofthissectionshalloffsetthe
38greaterof:
39 (1)Someportionoftheincometaxotherwiseimposedbychapter143,excluding
40withholdingtaximposedbysections143.191to143.265,orinthecaseofaninsurance
41company,thetaxonthedirectpremiums,asdefinedinchapter148,andinthecaseofan
42insurancecompanyexemptfromthethirtypercentemployeerequirementofsection135.230,
43againstanyobligationimposedpursuanttosection375.916withrespecttosuchtaxpayer's
44newbusinessfacilityincomeforthe[taxable] taxyearforwhichsuchcreditisallowed;or
45 (2)Uptofiftypercentor,inthecaseofaneconomicdevelopmentprojectlocated
46withinadistressedcommunityasdefinedinsection135.530,seventy-fivepercentofthe
47businessincometaxotherwiseimposedbychapter143,excludingwithholdingtaximposed
48bysections143.191to143.265,orinthecaseofaninsurancecompany,thetaxonthedirect
49premiums,asdefinedinchapter148,andinthecaseofaninsurancecompanyexemptfrom
50thethirtypercentemployeerequirementofsection135.230,againstanyobligationimposed
51pursuanttosection375.916ifthebusinessoperatesnootherfacilitiesinMissouri.Inthecase
52ofanexistingbusinessfacilityoperatingmorethanonefacilityinMissouri,thecredit
53allowedinsubsection1ofthissectionshalloffsetuptothegreateroftheportionprescribed
54insubdivision(1)ofthissubsectionortwenty-fivepercentor,inthecaseofaneconomic
55developmentprojectlocatedwithinadistressedcommunityasdefinedinsection135.530,
56thirty-fivepercentofthebusiness'tax,exceptthatnotaxpayeroperatingmorethanone
57facilityinMissourishallbeallowedtooffsetmorethantwenty-fivepercentor,inthecaseof
58aneconomicdevelopmentprojectlocatedwithinadistressedcommunityasdefinedinsection
59135.530,thirty-fivepercentofthetaxpayer'sbusinessincometaxinanytaxperiodunderthe
60methodprescribedinthissubdivision.Suchcreditshallbeanamountequaltothesumofone
61hundreddollarsor,inthecaseofaneconomicdevelopmentprojectlocatedwithinadistressed
62communityasdefinedinsection135.530,onehundredfiftydollarsforeachnewbusiness
63facilityemployeeplusonehundreddollarsor,inthecaseofaneconomicdevelopmentproject
64locatedwithinadistressedcommunityasdefinedinsection135.530,onehundredfifty
65dollarsforeachonehundredthousanddollars,ormajorfractionthereof(whichshallbe
66deemedtobefifty-onepercentormore)innewbusinessfacilityinvestment.Forthepurpose
67ofthissection,taxcreditsearnedbyataxpayer,whoestablishesanewbusinessfacility
68becauseitsatisfiestherequirementsofparagraph(c)ofsubdivision(5)ofsection135.100,
69shalloffsetthegreateroftheportionprescribedinsubdivision(1)ofthissubsectionorupto
70fiftypercentor,inthecaseofaneconomicdevelopmentprojectlocatedwithinadistressed
HB2319 12 71communityasdefinedinsection135.530,seventy-fivepercentofthebusiness'taxprovided
72thebusinessoperatesnootherfacilitiesinMissouri.Inthecaseofabusinessoperatingmore
73thanonefacilityinMissouri,thecreditallowedinsubsection1ofthissectionshalloffsetup
74tothegreateroftheportionprescribedinsubdivision(1)ofthissubsectionortwenty-five
75percentor,inthecaseofaneconomicdevelopmentprojectlocatedwithinadistressed
76communityasdefinedinsection135.530,thirty-fivepercentofthebusiness'tax,exceptthat
77notaxpayeroperatingmorethanonefacilityinMissourishallbeallowedtooffsetmorethan
78twenty-fivepercentor,inthecaseofaneconomicdevelopmentprojectlocatedwithina
79distressedcommunityasdefinedinsection135.530,thirty-fivepercentofthetaxpayer's
80businessincometaxinanytaxperiodunderthemethodprescribedinthissubdivision.
81 3.FortaxperiodsbeginningafterAugust28,1991,inthecaseofataxpayernot
82operatinganexistingbusinessfacility,thecreditallowedbysubsection1ofthissectionshall
83offsetthegreaterof:
84 (1)Someportionoftheincometaxotherwiseimposedbychapter143,excluding
85withholdingtaximposedbysections143.191to143.265,orinthecaseofaninsurance
86company,thetaxonthedirectpremiums,asdefinedinchapter148,andinthecaseofan
87insurancecompanyexemptfromthethirtypercentemployeerequirementofsection135.230,
88againstanyobligationimposedpursuanttosection375.916withrespecttosuchtaxpayer's
89newbusinessfacilityincomeforthe[taxable] taxyearforwhichsuchcreditisallowed;or
90 (2)Uptoonehundredpercentofthebusinessincometaxotherwiseimposedby
91chapter143,excludingwithholdingtaximposedbysections143.191to143.265,orinthe
92caseofaninsurancecompany,thetaxonthedirectpremiums,asdefinedinchapter148,and
93inthecaseofaninsurancecompanyexemptfromthethirtypercentemployeerequirementof
94section135.230,againstanyobligationimposedpursuanttosection375.916ifthebusiness
95hasnootherfacilitiesoperatinginMissouri.Inthecaseofataxpayernotoperatingan
96existingbusinessandoperatingmorethanonefacilityinMissouri,thecreditallowedby
97subsection1ofthissectionshalloffsetuptothegreateroftheportionprescribedin
98subdivision(1)ofthissubsectionortwenty-fivepercentor,inthecaseofaneconomic
99developmentprojectlocatedwithinadistressedcommunityasdefinedinsection135.530,
100thirty-fivepercentofthebusiness'tax,exceptthatnotaxpayeroperatingmorethanone
101facilityinMissourishallbeallowedtooffsetmorethantwenty-fivepercentor,inthecaseof
102aneconomicdevelopmentprojectlocatedwithinadistressedcommunityasdefinedinsection
103135.530,thirty-fivepercentofthetaxpayer'sbusinessincometaxinanytaxperiodunderthe
104methodprescribedinthissubdivision.Suchcreditshallbeanamountequaltothesumof
105seventy-fivedollarsor,inthecaseofaneconomicdevelopmentprojectlocatedwithina
106distressedcommunityasdefinedinsection135.530,onehundredtwenty-fivedollarsforeach
107newbusinessfacilityemployeeplusseventy-fivedollarsor,inthecaseofaneconomic
HB2319 13 108developmentprojectlocatedwithinadistressedcommunityasdefinedinsection135.530,
109onehundredtwenty-fivedollarsforeachonehundredthousanddollars,ormajorfraction
110thereof(whichshallbedeemedtobefifty-onepercentormore)innewbusinessfacility
111investment.
112 4.Thenumberofnewbusinessfacilityemployeesduringany[taxable] taxyearshall
113bedeterminedbydividingbytwelvethesumofthenumberofindividualsemployedonthe
114lastbusinessdayofeachmonthofsuch[taxable] taxyear.Ifthenewbusinessfacilityisin
115operationforlessthantheentire[taxable] taxyear,thenumberofnewbusinessfacility
116employeesshallbedeterminedbydividingthesumofthenumberofindividualsemployedon
117thelastbusinessdayofeachfullcalendarmonthduringtheportionofsuch[taxable] taxyear
118duringwhichthenewbusinessfacilitywasinoperationbythenumberoffullcalendar
119monthsduringsuchperiod.Forthepurposeofcomputingthecreditallowedbythissection
120inthecaseofafacilitywhichqualifiesasanewbusinessfacilitybecauseitqualifiesasa
121separatefacilitypursuanttosubsection6ofthissection,and,inthecaseofanewbusiness
122facilitywhichsatisfiestherequirementsofparagraph(c)ofsubdivision(5)ofsection
123135.100,orsubdivision(11)ofsection135.100,thenumberofnewbusinessfacility
124employeesatsuchfacilityshallbereducedbytheaveragenumberofindividualsemployed,
125computedasprovidedinthissubsection,atthefacilityduringthe[taxable] taxyear
126immediatelyprecedingthe[taxable] taxyearinwhichsuchexpansion,acquisition,or
127replacementoccurredandshallfurtherbereducedbythenumberofindividualsemployedby
128thetaxpayerorrelatedtaxpayerthatwassubsequentlytransferredtothenewbusinessfacility
129fromanotherMissourifacilityandforwhichcreditsauthorizedinthissectionarenotbeing
130earned,whethersuchcreditsareearnedbecauseofanexpansion,acquisition,relocationorthe
131establishmentofanewfacility.
132 5.Forthepurposeofcomputingthecreditallowedbythissectioninthecaseofa
133facilitywhichqualifiesasanewbusinessfacilitybecauseitqualifiesasaseparatefacility
134pursuanttosubsection6ofthissection,and,inthecaseofanewbusinessfacilitywhich
135satisfiestherequirementsofparagraph(c)ofsubdivision(5)ofsection135.100or
136subdivision(11)ofsection135.100,theamountofthetaxpayer'snewbusinessfacility
137investmentinsuchfacilityshallbereducedbytheaverageamount,computedasprovidedin
138subdivision(8)ofsection135.100fornewbusinessfacilityinvestment,oftheinvestmentof
139thetaxpayer,orrelatedtaxpayerimmediatelyprecedingsuchexpansionorreplacementorat
140thetimeofacquisition.Furthermore,theamountofthetaxpayer'snewbusinessfacility
141investmentshallalsobereducedbytheamountofinvestmentemployedbythetaxpayeror
142relatedtaxpayerwhichwassubsequentlytransferredtothenewbusinessfacilityfromanother
143Missourifacilityandforwhichcreditsauthorizedinthissectionarenotbeingearned,
HB2319 14 144whethersuchcreditsareearnedbecauseofanexpansion,acquisition,relocationorthe
145establishmentofanewfacility.
146 6.Ifafacility,whichdoesnotconstituteanewbusinessfacility,isexpandedbythe
147taxpayer,theexpansionshallbeconsideredaseparatefacilityeligibleforthecreditallowed
148bythissectionif:
149 (1)Thetaxpayer'snewbusinessfacilityinvestmentintheexpansionduringthetax
150periodinwhichthecreditsallowedinthissectionareclaimedexceedsonehundredthousand
151dollars,or,ifless,onehundredpercentoftheinvestmentintheoriginalfacilitypriorto
152expansionandifthenumberofnewbusinessfacilityemployeesengagedormaintainedin
153employmentattheexpansionfacilityforthe[taxable] taxyearforwhichcreditisclaimed
154equalsorexceedstwo,exceptthatthenumberofnewbusinessfacilityemployeesengagedor
155maintainedinemploymentattheexpansionfacilityforthe[taxable] taxyearforwhichthe
156creditisclaimedequalsorexceedstwenty-fiveifanofficeasdefinedinsubdivision(9)of
157section135.100isestablishedbyarevenue-producingenterpriseotherthanarevenue-
158producingenterprisedefinedinparagraphs(a)to(g)and(i)to(l)ofsubdivision(12)of
159section135.100andthetotalnumberofemployeesatthefacilityaftertheexpansionisat
160leasttwogreaterthanthetotalnumberofemployeesbeforetheexpansion,exceptthatthe
161totalnumberofemployeesatthefacilityaftertheexpansionisatleastgreaterthanthe
162numberofemployeesbeforetheexpansionbytwenty-five,ifanofficeasdefinedin
163subdivision(9)ofsection135.100isestablishedbyarevenue-producingenterpriseotherthan
164arevenue-producingenterprisedefinedinparagraphs(a)to(g)and(i)to(l)ofsubdivision
165(12)ofsection135.100;and
166 (2)Theexpansionotherwiseconstitutesanewbusinessfacility.Thetaxpayer's
167investmentintheexpansionandintheoriginalfacilitypriortoexpansionshallbedetermined
168inthemannerprovidedinsubdivision(8)ofsection135.100.
169 7.Nocreditshallbeallowedpursuanttothissectiontoapublicutility,assuchtermis
170definedinsection386.020.Notwithstandinganyprovisionofthissubsectiontothecontrary,
171motorcarriers,bargelinesorrailroadsengagedintransportingpropertyforhire,orany
172interexchangetelecommunicationscompanyorlocalexchangetelecommunicationscompany
173thatestablishesanewbusinessfacilityshallbeeligibletoqualifyforcreditsallowedinthis
174section.
175 8.Forthepurposesofthecreditdescribedinthissection,inthecaseofacorporation
176describedinsection143.471orpartnership,incomputingMissouri'staxliability,thiscredit
177shallbeallowedtothefollowing:
178 (1)Theshareholdersofthecorporationdescribedinsection143.471;
179 (2)Thepartnersofthepartnership.
180
HB2319 15 181Thiscreditshallbeapportionedtotheentitiesdescribedinsubdivisions(1)and(2)ofthis
182subsectioninproportiontotheirshareofownershiponthelastdayofthetaxpayer'stax
183period.
184 9.Notwithstandinganyprovisionoflawtothecontrary,anyemployee-owned
185engineeringfirmclassifiedasSIC8711,architecturalfirmasclassifiedSIC8712,or
186accountingfirmclassifiedSIC8721establishinganewbusinessfacilitybecauseitqualifies
187asaheadquartersasdefinedinsubsection10ofthissection,shallbeallowedthecredits
188describedinsubsection11ofthissectionunderthesametermsandconditionsprescribedin
189sections135.100to135.150;provided:
190 (1)Suchfacilitymaintainsanaverageofatleastfivehundrednewbusinessfacility
191employeesasdefinedinsubdivision(6)ofsection135.100duringthetaxpayer'staxperiodin
192whichsuchcreditsarebeingclaimed;and
193 (2)Suchfacilitymaintainsanaverageofatleasttwentymilliondollarsinnew
194businessfacilityinvestmentasdefinedinsubdivision(8)ofsection135.100duringthe
195taxpayer'staxperiodinwhichsuchcreditsarebeingclaimed.
196 10.Forthepurposeofthecreditsallowedinsubsection9ofthissection:
197 (1)"Employee-owned"meansthebusinessemployeesowndirectlyorindirectly,
198includingthroughanemployeestockownershipplanortrustatleast:
199 (a)Seventy-fivepercentofthetotalbusinessstock,ifthetaxpayerisacorporation
200describedinsection143.441;or
201 (b)Onehundredpercentoftheinterestinthebusinessifthetaxpayerisacorporation
202describedinsection143.471,apartnership,oralimitedliabilitycompany;and
203 (2)"Headquarters"means:
204 (a)Theadministrativemanagementofatleastthreeintegratedfacilitiesoperatedby
205thetaxpayerorrelatedtaxpayer;and
206 (b)Thetaxpayer'sbusinesshasbeenheadquarteredinthisstateformorethanfifty
207years.
208 11.Thetaxcreditsallowedinsubsection9ofthissectionshallbethegreaterof:
209 (1)Fourhundreddollarsforeachnewbusinessfacilityemployeeascomputedin
210subsection4ofthissectionandfourpercentofnewbusinessfacilityinvestmentascomputed
211insubsection5ofthissection;or
212 (2)Fivehundreddollarsforeachnewbusinessfacilityemployeeascomputedin
213subsection4ofthissection,andfivehundreddollarsofeachonehundredthousanddollarsof
214newbusinessfacilityinvestmentascomputedinsubsection5ofthissection.
215 12.Forthepurposeofthecreditdescribedinsubsection9ofthissection,inthecase
216ofasmallcorporationdescribedinsection143.471,orapartnership,oralimitedliability
217company,thecreditsallowedinsubsection9ofthissectionshallbeapportionedinproportion
HB2319 16 218totheshareofownershipofeachshareholder,partnerorstockholderonthelastdayofthe
219taxpayer'staxperiodforwhichsuchcreditsarebeingclaimed.
220 13.Forthepurposeofthecreditdescribedinsubsection9ofthissection,taxcredits
221earned,totheextentsuchcreditsexceedthetaxpayer'sMissouritaxontaxablebusiness
222income,shallconstituteanoverpaymentoftaxesandinsuchcase,berefundedtothetaxpayer
223providedsuchrefundsareusedbythetaxpayertopurchasespecifiedfacilityitems.Forthe
224purposeoftherefundasauthorizedinthissubsection,"specifiedfacilityitems"means
225equipment,computers,computersoftware,copiers,tenantfinishing,furnitureandfixtures
226installedandinuseatthenewbusinessfacilityduringthetaxpayer's[taxable] taxyear.The
227taxpayershallperfectsuchrefundbyattestinginwritingtothedirector,subjecttothe
228penaltiesofperjury,therequirementsprescribedinthissubsectionhavebeenmetand
229submittinganyotherinformationthedirectormayrequire.
230 14.Notwithstandinganyprovisionoflawtothecontrary,anytaxpayermaysell,
231assign,exchange,conveyorotherwisetransfertaxcreditsallowedinsubsection9ofthis
232sectionunderthetermsandconditionsprescribedinsubdivisions(1)and(2)ofthis
233subsection.Suchtaxpayer,referredtoastheassignorforthepurposeofthissubsection,may
234sell,assign,exchangeorotherwisetransferearnedtaxcredits:
235 (1)Fornolessthanseventy-fivepercentoftheparvalueofsuchcredits;and
236 (2)Inanamountnottoexceedonehundredpercentofsuchearnedcredits.
237
238Thetaxpayeracquiringtheearnedcreditsreferredtoastheassigneeforthepurposeofthis
239subsectionmayusetheacquiredcreditstooffsetuptoonehundredpercentofthetax
240liabilitiesotherwiseimposedbychapter143,excludingwithholdingtaximposedbysections
241143.191to143.261,orchapter148,orinthecaseofaninsurancecompanyexemptfromthe
242thirtypercentemployeerequirementofsection135.230,againstanyobligationimposed
243pursuanttosection375.916.Unusedcreditsinthehandsoftheassigneemaybecarried
244forwardforuptofivetaxperiods,providedallsuchcreditsshallbeclaimedwithintentax
245periodsfollowingthetaxperiodinwhichcommencementofcommercialoperationsoccurred
246atthenewbusinessfacility.Theassignorshallenterintoawrittenagreementwiththe
247assigneeestablishingthetermsandconditionsoftheagreementandshallperfectsuchtransfer
248bynotifyingthedirectorinwritingwithinthirtycalendardaysfollowingtheeffectivedateof
249thetransferandshallprovideanyinformationasmayberequiredbythedirectortoadminister
250andcarryouttheprovisionsofthissubsection.Notwithstandinganyotherprovisionoflawto
251thecontrary,theamountreceivedbytheassignorofsuchtaxcreditshallbetaxableasincome
252oftheassignor,andthedifferencebetweentheamountpaidbytheassigneeandtheparvalue
253ofthecreditsshallbetaxableasincomeoftheassignee.
HB2319 17 254 15.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
255amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
256totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
257highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
258fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
259 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
260thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
261allowedbasedontheorderinwhichtheyareclaimed.
135.326.Asusedinsections135.325to135.339,thefollowingtermsshallmean:
2 (1)"Businessentity",person,firm,apartnerinafirm,corporationorashareholderin
3anScorporationdoingbusinessinthestateofMissouriandsubjecttothestateincometax
4imposedbytheprovisionsofchapter143,oracorporationsubjecttotheannualcorporation
5franchisetaximposedbytheprovisionsofchapter147,oraninsurancecompanypayingan
6annualtaxonitsgrosspremiumreceiptsinthisstate,orotherfinancialinstitutionpaying
7taxestothestateofMissourioranypoliticalsubdivisionofthisstateundertheprovisionsof
8chapter148,oranexpresscompanywhichpaysanannualtaxonitsgrossreceiptsinthisstate
9pursuanttochapter153;
10 (2)"Child",anyindividualwho:
11 (a)Hasnotattainedanageofatleasteighteenyears;or
12 (b)Iseighteenyearsofageorolderbutisphysicallyormentallyincapableofcaring
13forhimselforherself;
14 (3)"Department",thedepartmentofsocialservices;
15 (4)"Disability",amental,physical,oremotionalimpairmentthatsubstantiallylimits
16oneormoremajorlifeactivities,whethertheimpairmentiscongenitaloracquiredby
17accident,injuryordisease,andwheretheimpairmentisverifiedbymedicalfindings;
18 [(4)](5)"Nonrecurringadoptionexpenses",reasonableandnecessaryadoptionfees,
19courtcosts,[attorney] attorney'sfees,andotherexpenseswhicharedirectlyrelatedtothe
20legaladoptionofachildandwhicharenotincurredinviolationoffederal,state,orlocallaw;
21 [(5)](6)"Specialneedschild",achildforwhomithasbeendeterminedbythe
22children'sdivision,orbyachild-placingagencylicensedbythestate,orbyacourtof
23competentjurisdictiontobeachild:
24 (a)Thatcannotorshouldnotbereturnedtothehomeofhisorherparents;and
25 (b)Whohasaspecificfactororconditionsuchasage,membershipinasiblinggroup,
26medicalconditionordiagnosis,ordisabilitybecauseofwhichitisreasonabletoconcludethat
27suchchildcannotbeeasilyplacedwithadoptiveparents;
28 [(6)](7)"Statetaxliability",anyliabilityincurredbyataxpayerundertheprovisions
29ofchapter143,chapter147,chapter148,andchapter153,exclusiveoftheprovisionsrelating
HB2319 18 30tothewithholdingoftaxasprovidedforinsections143.191to143.265andrelated
31provisions.
135.339.1.Aftertheeffectivedateofthissection,thedepartmentofsocial
2servicesshalladministerthetaxcreditprovidedundersections135.325to135.339.
3 2.The[directorofrevenue,inconsultationwiththechildren'sdivision,] department
4ofsocialservicesshallprescribesuchrulesandregulationsnecessarytocarryoutthe
5provisionsofsections135.325to135.339.Noruleorportionofarulepromulgatedunderthe
6authorityofsections135.325to135.339shallbecomeeffectiveunlessithasbeen
7promulgatedpursuanttotheprovisionsofsection536.024.
8 3.Undersection23.253oftheMissourisunsetact:
9 (1)Theprovisionsoftheprogramauthorizedundersections135.325to135.339
10shallautomaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
11generalassembly;
12 (2)Ifsuchprogramisreauthorized,theprogramauthorizedundersections
13135.325to135.339shallautomaticallysunsetonDecemberthirty-first,sixyearsafter
14theeffectivedateofthereauthorizationofsections135.325to135.339;
15 (3)Sections135.325to135.339shallterminateonSeptemberfirstofthe
16calendaryearimmediatelyfollowingthecalendaryearinwhichtheprogramauthorized
17undersections135.325to135.339issunset;and
18 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
19impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
20programauthorizedunderthissectionexpires.
135.341.1.Asusedinthissection,thefollowingtermsshallmean:
2 (1)"CASA",anentitywhichreceivesfundingfromthecourt-appointedspecial
3advocatefundestablishedundersection476.777,includinganassociationbasedinthisstate,
4affiliatedwithanationalassociation,organizedtoprovidesupporttoentitiesreceiving
5fundingfromthecourt-appointedspecialadvocatefund;
6 (2)"Childadvocacycenters",theregionalchildassessmentcenterslistedin
7subsection2ofsection210.001,includinganassociationbasedinthisstate,affiliatedwitha
8nationalassociation,andorganizedtoprovidesupporttoentitieslistedinsubsection2of
9section210.001;
10 (3)"Contribution",theamountofdonationtoaqualifiedagency;
11 (4)"Crisiscarecenter",entitiescontractedwiththisstatewhichprovidetemporary
12careforchildrenwhoseagerangesfrombirththroughseventeenyearsofagewhoseparents
13orguardianareexperiencinganunexpectedandunstableorseriousconditionthatrequires
14immediateactionresultinginshort-termcare,usuallythreetofivecontinuous,uninterrupted
15days,forchildrenwhomaybeatriskforchildabuse,neglect,orinanemergencysituation;
HB2319 19 16 (5)"Department",thedepartmentof[revenue] socialservices;
17 (6)"Director",thedirectorofthedepartmentof[revenue] socialservices;
18 (7)"Qualifiedagency",CASA,childadvocacycenters,oracrisiscarecenter;
19 (8)"Taxliability",thetaxdueunderchapter143otherthantaxeswithheldunder
20sections143.191to143.265.
21 2.ForalltaxyearsbeginningonorafterJanuary1,2013,ataxcreditmaybeclaimed
22inanamountequaltouptofiftypercentofaverifiedcontributiontoaqualifiedagencyand
23shallbenamedthechampionforchildrentaxcredit.Theminimumamountofanytaxcredit
24issuedshallnotbelessthanfiftydollarsandshallbeappliedtotaxesdueunderchapter143,
25excludingsections143.191to143.265.Acontributionverificationshallbeissuedtothe
26taxpayerbytheagencyreceivingthecontribution.Suchcontributionverificationshall
27includethetaxpayer'sname,SocialSecuritynumber,amountoftaxcredit,amountof
28contribution,thenameandaddressoftheagencyreceivingthecredit,andthedatethe
29contributionwasmade.Thetaxcreditprovidedunderthissubsectionshallbeinitiallyfiled
30fortheyearinwhichtheverifiedcontributionismade.
31 3.Thecumulativeamountofthetaxcreditsredeemedshallnotexceedonemillion
32dollarsforallfiscalyearsendingonorbeforeJune30,2019,andonemillionfivehundred
33thousanddollarsforallfiscalyearsbeginningonorafterJuly1,2019.Theamountavailable
34shallbeequallydividedamongthethreequalifiedagencies:CASA,childadvocacycenters,
35orcrisiscarecenters,tobeusedtowardstaxcreditsissued.Intheeventtaxcreditsclaimed
36underoneagencydonottotaltheallocatedamountforthatagency,theunusedportionforthat
37agencywillbemadeavailabletotheremainingagenciesequally.Intheeventthetotal
38amountoftaxcreditsclaimedforanyoneagencyexceedstheamountavailableforthat
39agency,theamountredeemedshallandwillbeapportionedequallytoalleligibletaxpayers
40claimingthecreditunderthatagency.
41 4.PriortoDecemberthirty-firstofeachyear,eachqualifiedagencyshallapplytothe
42departmentofsocialservicesinordertoverifytheirqualifiedagencystatusandapplyfor
43thechampionforchildrentaxcredit.Uponadeterminationthattheagencyiseligibletobe
44aqualifiedagency,thedepartmentofsocialservicesshallprovidealetterofeligibilitytosuch
45agency.NolaterthanFebruaryfirstofeachyear,thedepartmentofsocialservicesshall
46providealistofqualifiedagenciestothedepartmentofrevenue.Alltaxcreditapplicationsto
47claimthechampionforchildrentaxcreditshallbefiledbetweenJulyfirstandAprilfifteenth
48ofeachfiscalyear.[Ataxpayershallapplyforthechampionforchildrentaxcreditby
49attachingacopyofthecontributionverificationprovidedbyaqualifiedagencytosuch
50taxpayer'sincometaxreturn.]
HB2319 20 51 5.Anyamountoftaxcreditwhichexceedsthetaxdueorwhichisappliedforand
52otherwiseeligibleforissuancebutnotissuedshallnotberefundedbutmaybecarriedoverto
53anysubsequenttaxyear,nottoexceedatotaloffiveyears.
54 6.Taxcreditsmaynotbeassigned,transferredorsold.
55 7.(1)Intheeventacreditdenial,duetolackofavailablefunds,causesabalance-due
56noticetobegeneratedbythedepartmentofrevenue,oranyotherredeemingagency,the
57taxpayerwillnotbeheldliableforanypenaltyorinterest,providedthebalanceispaid,or
58approvedpaymentarrangementshavebeenmade,withinsixtydaysfromthenoticeofdenial.
59 (2)Intheeventthebalanceisnotpaidwithinsixtydaysfromthenoticeofdenial,the
60remainingbalanceshallbedueandpayableundertheprovisionsofchapter143.
61 8.Thedepartmentofsocialservicesmaypromulgatesuchrulesorregulationsasare
62necessarytoadministertheprovisionsofthissection.Anyruleorportionofarule,asthat
63termisdefinedinsection536.010,thatiscreatedundertheauthoritydelegatedinthissection
64shallbecomeeffectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsof
65chapter536and,ifapplicable,section536.028.Thissectionandchapter536are
66nonseverableandifanyofthepowersvestedwiththegeneralassemblypursuanttochapter
67536toreview,todelaytheeffectivedate,ortodisapproveandannularulearesubsequently
68heldunconstitutional,thenthegrantofrulemakingauthorityandanyruleproposedor
69adoptedafterAugust28,2013,shallbeinvalidandvoid.
70 9.Pursuanttosection23.253,oftheMissourisunsetact:
71 (1)TheprogramauthorizedunderthissectionshallbereauthorizedasofDecember
7231,2019,andshallexpireonDecember31,2025,unlessreauthorizedbythegeneral
73assembly;and
74 (2)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately
75followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset;and
76 (3)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
77impairthedepartment'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
78programauthorizedunderthissectionexpiresorataxpayer'sabilitytoredeemsuchcredits.
79 10.BeginningonMarch29,2013,anyverifiedcontributiontoaqualifiedagency
80madeonorafterJanuary1,2013,shallbeeligiblefortaxcreditsasprovidedbythissection.
81 11.Aftertheeffectivedateofthissection,thedepartmentofsocialservicesshall
82administerthetaxcreditprovidedunderthissection.
135.432.1.Thedepartmentofeconomicdevelopmentshallpromulgatesuchrules
2andregulationsasarenecessarytoimplementtheprovisionsofsections135.400to135.430.
3 2.Noruleorportionofarulepromulgatedundertheauthorityofthischaptershall
4becomeeffectiveuntilithasbeenapprovedbythejointcommitteeonadministrativerulesin
5accordancewiththeproceduresprovidedinthissection,andthedelegationofthelegislative
HB2319 21 6authoritytoenactlawbytheadoptionofsuchrulesisdependentuponthepowerofthejoint
7committeeonadministrativerulestoreviewandsuspendrulespendingratificationbythe
8senateandthehouseofrepresentativesasprovidedinthissection.
9 3.Uponfilinganyproposedrulewiththesecretaryofstate,thedepartmentshall
10concurrentlysubmitsuchproposedruletothecommittee,whichmayholdhearingsuponany
11proposedruleorportionthereofatanytime.
12 4.Afinalorderofrulemakingshallnotbefiledwiththesecretaryofstateuntilthirty
13daysaftersuchfinalorderofrulemakinghasbeenreceivedbythecommittee.Thecommittee
14mayholdoneormorehearingsuponsuchfinalorderofrulemakingduringthethirty-day
15period.Ifthecommitteedoesnotdisapprovesuchorderofrulemakingwithinthethirty-day
16period,thedepartmentmayfilesuchorderofrulemakingwiththesecretaryofstateandthe
17orderofrulemakingshallbedeemedapproved.
18 5.Thecommitteemay,bymajorityvoteofthemembers,suspendtheorderof
19rulemakingorportionthereofbyactiontakenpriortothefilingofthefinalorderof
20rulemakingonlyforoneormoreofthefollowinggrounds:
21 (1)Anabsenceofstatutoryauthorityfortheproposedrule;
22 (2)Anemergencyrelatingtopublichealth,safetyorwelfare;
23 (3)Theproposedruleisinconflictwithstatelaw;
24 (4)Asubstantialchangeincircumstancesinceenactmentofthelawuponwhichthe
25proposedruleisbased.
26 6.Ifthecommitteedisapprovesanyruleorportionthereof,thedepartmentshallnot
27filesuchdisapprovedportionofanyrulewiththesecretaryofstateandthesecretaryofstate
28shallnotpublishintheMissouriRegisteranyfinalorderofrulemakingcontainingthe
29disapprovedportion.
30 7.Ifthecommitteedisapprovesanyruleorportionthereof,thecommitteeshallreport
31itsfindingstothesenateandthehouseofrepresentatives.Noruleorportionthereof
32disapprovedbythecommitteeshalltakeeffectsolongasthesenateandthehouseof
33representativesratifytheactofthejointcommitteebyresolutionadoptedineachhouse
34withinthirtylegislativedaysaftersuchruleorportionthereofhasbeendisapprovedbythe
35jointcommittee.
36 8.Uponadoptionofaruleasprovidedinthissection,anysuchruleorportionthereof
37maybesuspendedorrevokedbythegeneralassemblyeitherbybillor,pursuanttoSection8,
38ArticleIVoftheConstitutionofMissouri,byconcurrentresolutionuponrecommendationof
39thejointcommitteeonadministrativerules.Thecommitteeshallbeauthorizedtohold
40hearingsandmakerecommendationspursuanttotheprovisionsofsection536.037.The
41secretaryofstateshallpublishintheMissouriRegister,assoonaspracticable,noticeofthe
42suspensionorrevocation.
HB2319 22 43 9.Undersection23.253oftheMissourisunsetact:
44 (1)Theprovisionsoftheprogramauthorizedundersections135.400to135.432
45shallautomaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
46generalassembly;
47 (2)Ifsuchprogramisreauthorized,theprogramauthorizedundersections
48135.400to135.432shallautomaticallysunsetonDecemberthirty-first,sixyearsafter
49theeffectivedateofthereauthorizationofsections135.400to135.432;
50 (3)Sections135.400to135.432shallterminateonSeptemberfirstofthe
51calendaryearimmediatelyfollowingthecalendaryearinwhichtheprogramauthorized
52undersections135.400to135.432issunset;and
53 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
54impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
55programauthorizedunderthissectionexpires.
135.460.1.Thissectionandsections620.1100and620.1103shallbeknownand
2maybecitedasthe"YouthOpportunitiesandViolencePreventionAct".
3 2.Asusedinthissection,theterm"taxpayer"shallincludecorporationsasdefinedin
4section143.441or143.471,anycharitableorganizationwhichisexemptfromfederalincome
5taxandwhoseMissouriunrelatedbusinesstaxableincome,ifany,wouldbesubjecttothe
6stateincometaximposedunderchapter143,andindividuals,individualproprietorshipsand
7partnerships.
8 3.Ataxpayershallbeallowedataxcreditagainstthetaxotherwiseduepursuantto
9chapter143,excludingwithholdingtaximposedbysections143.191to143.265,chapter147,
10chapter148,orchapter153inanamountequaltothirtypercentforpropertycontributions
11andfiftypercentformonetarycontributionsoftheamountsuchtaxpayercontributedtothe
12programsdescribedinsubsection5ofthissection,nottoexceedtwohundredthousand
13dollarsper[taxable] taxyear,pertaxpayer;exceptasotherwiseprovidedinsubdivision(5)of
14subsection5ofthissection.Thedepartmentofeconomicdevelopmentshallprescribethe
15methodforclaimingthetaxcreditsallowedinthissection.Noruleorportionofarule
16promulgatedundertheauthorityofthissectionshallbecomeeffectiveunlessithasbeen
17promulgatedpursuanttotheprovisionsofchapter536.Allrulemakingauthoritydelegated
18priortoJune27,1997,isofnoforceandeffectandrepealed;however,nothinginthissection
19shallbeinterpretedtorepealoraffectthevalidityofanyrulefiledoradoptedpriortoJune27,
201997,ifsuchrulecompliedwiththeprovisionsofchapter536.Theprovisionsofthissection
21andchapter536arenonseverableandifanyofthepowersvestedwiththegeneralassembly
22pursuanttochapter536,includingtheabilitytoreview,todelaytheeffectivedate,orto
23disapproveandannularuleorportionofarule,aresubsequentlyheldunconstitutional,then
HB2319 23 24thepurportedgrantofrulemakingauthorityandanyrulesoproposedandcontainedinthe
25orderofrulemakingshallbeinvalidandvoid.
26 4.Thetaxcreditsallowedbythissectionshallbeclaimedbythetaxpayertooffset
27thetaxesthatbecomedueinthetaxpayer'staxperiodinwhichthecontributionwasmade.
28Anytaxcreditnotusedinsuchtaxperiodmaybecarriedoverthenextfivesucceedingtax
29periods.
30 5.Thetaxcreditallowedbythissectionmayonlybeclaimedformonetaryor
31propertycontributionstopublicorprivateprogramsauthorizedtoparticipatepursuanttothis
32sectionbythedepartmentofeconomicdevelopmentandmaybeclaimedforthe
33development,establishment,implementation,operation,andexpansionofthefollowing
34activitiesandprograms:
35 (1)Anadopt-a-schoolprogram.Componentsoftheadopt-a-schoolprogramshall
36includedonationsforschoolactivities,seminars,andfunctions;school-businessemployment
37programs;andthedonationofpropertyandequipmentofthecorporationtotheschool;
38 (2)Expansionofprogramstoencourageschooldropoutstoreenterandcompletehigh
39schoolortocompleteagraduateequivalencydegreeprogram;
40 (3)Employmentprograms.Suchprogramsshallinitially,butnotexclusively,target
41unemployedyouthlivinginpovertyandyouthlivinginareaswithahighincidenceofcrime;
42 (4)Neworexistingyouthclubsorassociations;
43 (5)Employment/internship/apprenticeshipprogramsinbusinessortradesforpersons
44lessthantwentyyearsofage,inwhichcasethetaxcreditclaimedpursuanttothissection
45shallbeequaltoone-halfoftheamountpaidtotheinternorapprenticeinthattaxyear,except
46thatsuchcreditshallnotexceedtenthousanddollarsperperson;
47 (6)Mentorandrolemodelprograms;
48 (7)Drugandalcoholabusepreventiontrainingprogramsforyouth;
49 (8)Donationofpropertyorequipmentofthetaxpayertoschools,includingschools
50whichprimarilyeducatechildrenwhohavebeenexpelledfromotherschools,ordonationof
51thesametomunicipalities,ornot-for-profitcorporationsorothernot-for-profitorganizations
52whichofferprogramsdedicatedtoyouthviolencepreventionasauthorizedbythe
53department;
54 (9)Not-for-profit,privateorpublicyouthactivitycenters;
55 (10)Nonviolentconflictresolutionandmediationprograms;
56 (11)Youthoutreachandcounselingprograms.
57 6.Anyprogramauthorizedinsubsection5ofthissectionshall,atleastannually,
58submitareporttothedepartmentofeconomicdevelopmentoutliningthepurposeand
59objectivesofsuchprogram,thenumberofyouthserved,thespecificactivitiesprovided
HB2319 24 60pursuanttosuchprogram,thedurationofsuchprogramandrecordedyouthattendancewhere
61applicable.
62 7.Thedepartmentofeconomicdevelopmentshall,atleastannuallysubmitareportto
63theMissourigeneralassemblylistingtheorganizationsparticipating,servicesofferedandthe
64numberofyouthservedastheresultoftheimplementationofthissection.
65 8.Thetaxcreditallowedbythissectionshallapplytoall[taxable] taxyears
66beginningafterDecember31,1995.
67 9.Forthepurposesofthecreditsdescribedinthissection,inthecaseofacorporation
68describedinsection143.471,partnership,limitedliabilitycompanydescribedinsection
69347.015,cooperative,marketingenterprise,orpartnership,incomputingMissouri'stax
70liability,suchcreditsshallbeallowedtothefollowing:
71 (1)Theshareholdersofthecorporationdescribedinsection143.471;
72 (2)Thepartnersofthepartnership;
73 (3)Themembersofthelimitedliabilitycompany;and
74 (4)Individualmembersofthecooperativeormarketingenterprise.
75
76Suchcreditsshallbeapportionedtotheentitiesdescribedinsubdivisions(1)and(2)ofthis
77subsectioninproportiontotheirshareofownershiponthelastdayofthetaxpayer'stax
78period.
79 10.Undersection23.253oftheMissourisunsetact:
80 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
81automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
82generalassembly;
83 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
84shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
85thereauthorizationofthissection;
86 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
87immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
88sectionissunset;and
89 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
90impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
91programauthorizedunderthissectionexpires.
135.487.1.Toobtainanycreditallowedpursuanttosections135.475to135.487,a
2taxpayershallsubmittothedepartment,forpreliminaryapproval,anapplicationfortax
3credit.Thedirectorshall,uponfinalapprovalofanapplicationandpresentationof
4acceptableproofofsubstantialcompletionofconstruction,issuethetaxpayeracertificateof
5taxcredit.Thedirectorshallissueallcreditsallowedpursuanttosections135.475to135.487
HB2319 25 6intheordertheapplicationsarereceived.Inthecaseofataxpayerotherthananowner-
7occupant,thedirectorshallnotdelaytheissuanceofataxcreditpursuanttosections135.475
8to135.487untilthesaleofaresidenceatmarketrateforowner-occupancy.Ataxpayer,
9[taxpayer] otherthananowner-occupantwhoreceivesacertificateoftaxcreditpursuantto
10sections135.475to135.487, shall,withinthirtydaysofthedateofthesaleofaresidence,
11furnishtothedirectorsatisfactoryproofthatsuchresidencewassoldatmarketratefor
12owner-occupancy.Ifthedirectorreasonablydeterminesthataresidencewasnotingoodfaith
13intendedforlong-termowneroccupancy,thedirectormakerevokeanytaxcreditsissuedand
14seekrecoveryofanytaxcreditsissuedpursuanttosection620.017.
15 2.Thedepartmentmaycooperatewithamunicipalityoracountyinwhichaproject
16islocatedtohelpidentifythelocationoftheproject,thetypeandeligibilityoftheproject,the
17estimatedcostoftheprojectandthecompletiondateoftheproject.
18 3.Thedepartmentmaypromulgatesuchrulesorregulationsorissueadministrative
19guidelinesasarenecessarytoadministertheprovisionsofsections135.475to135.487.No
20ruleorportionofarulepromulgatedpursuanttotheauthorityofthissectionshallbecome
21effectiveunlessithasbeenpromulgatedpursuanttotheprovisionsofchapter536.
22 4.Thedepartmentshallconductannuallyacomprehensiveprogramevaluation
23illustratingwherethetaxcreditsallowedpursuanttosections135.475to135.487arebeing
24utilized,explainingtheeconomicimpactofsuchprogramandmakingrecommendationson
25appropriateprogrammodificationstoensuretheprogram'ssuccess.
26 5.Undersection23.253oftheMissourisunsetact:
27 (1)Theprovisionsoftheprogramauthorizedundersections135.475to135.487
28shallautomaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
29generalassembly;
30 (2)Ifsuchprogramisreauthorized,theprogramauthorizedundersections
31135.475to135.487shallautomaticallysunsetonDecemberthirty-first,sixyearsafter
32theeffectivedateofthereauthorizationofsections135.475to135.487;
33 (3)Sections135.475to135.487shallterminateonSeptemberfirstofthe
34calendaryearimmediatelyfollowingthecalendaryearinwhichtheprogramauthorized
35undersections135.475to135.487issunset;and
36 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
37impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
38programauthorizedunderthissectionexpires.
135.490.1.Inordertoencourageandfostercommunityimprovement,aneligible
2smallbusiness,asdefinedinSection44oftheInternalRevenueCode,shallbealloweda
3creditnottoexceedfivethousanddollarsagainstthetaxotherwiseduepursuanttochapter
4143,notincludingsections143.191to143.265,inanamountequaltofiftypercentofall
HB2319 26 5eligibleaccessexpendituresexceedingthemonetarycapprovidedbySection44ofthe
6InternalRevenueCode.Forpurposesofthissection,"eligibleaccessexpenditures"means
7amountspaidorincurredbythetaxpayerinordertocomplywithapplicableaccess
8requirementsprovidedbytheAmericansWithDisabilitiesActof1990,asfurtherdefinedin
9Section44oftheInternalRevenueCodeandfederalrulingsinterpretingSection44ofthe
10InternalRevenueCode.
11 2.Thetaxcreditallowedbythissectionshallbeclaimedbythetaxpayeratthetime
12suchtaxpayerfilesareturn.Anyamountoftaxcreditwhichexceedsthetaxdueshallbe
13carriedovertoanysubsequent[taxable] taxyear,butshallnotberefundedandshallnotbe
14transferable.
15 3.Aftertheeffectivedateofthissection,thedirectorofthedepartmentofeconomic
16development[andthedirectorofthedepartmentofrevenue] shall[jointly] administerthetax
17creditauthorizedbythissection.[Both] Thedirectorofthedepartmentofeconomic
18development[andthedirectorofthedepartmentofrevenueare]isauthorizedtopromulgate
19rulesandregulationsnecessarytoadministertheprovisionsofthissection.Noruleorportion
20ofarulepromulgatedpursuanttotheauthorityofthissectionshallbecomeeffectiveunlessit
21hasbeenpromulgatedpursuanttotheprovisionsofchapter536.
22 4.TheprovisionsofthissectionshallbecomeeffectiveonJanuary1,2000,andshall
23applytoall[taxable] taxyearsbeginningafterDecember31,1999.
24 5.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
25amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
26totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
27highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
28fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
29 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
30thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
31allowedbasedontheorderinwhichtheyareclaimed.
32 6.Undersection23.253oftheMissourisunsetact:
33 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
34automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
35generalassembly;
36 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
37shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
38thereauthorizationofthissection;
39 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
40immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
41sectionissunset;and
HB2319 27 42 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
43impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
44programauthorizedunderthissectionexpires.
135.550.1.Asusedinthissection,thefollowingtermsshallmean:
2 (1)"Contribution",adonationofcash,stock,bondsorothermarketablesecurities,or
3realproperty;
4 (2)"Rapecrisiscenter",acommunity-basednonprofitrapecrisiscenter,asdefinedin
5section455.003,locatedinthisstateandthatprovidesthetwenty-four-hourcoreservicesof
6hospitaladvocacyandcrisishotlinesupporttosurvivorsofrapeandsexualassault;
7 (3)"Shelterforvictimsofdomesticviolence",afacilitylocatedinthisstatewhich
8meetsthedefinitionofashelterforvictimsofdomesticviolencepursuanttosection455.200
9andwhichmeetstherequirementsofsection455.220,oranonprofitorganizationestablished
10andoperatingexclusivelyforthepurposeofsupportingashelterforvictimsofdomestic
11violenceoperatedbythestateoroneofitspoliticalsubdivisions;
12 (4)"Statetaxliability",inthecaseofabusinesstaxpayer,anyliabilityincurredby
13suchtaxpayerpursuanttotheprovisionsofchapter143,chapter147,chapter148,andchapter
14153,exclusiveoftheprovisionsrelatingtothewithholdingoftaxasprovidedforinsections
15143.191to143.265andrelatedprovisions,andinthecaseofanindividualtaxpayer,any
16liabilityincurredbysuchtaxpayerpursuanttotheprovisionsofchapter143;
17 (5)"Taxpayer",aperson,firm,apartnerinafirm,corporationorashareholderinan
18ScorporationdoingbusinessinthestateofMissouriandsubjecttothestateincometax
19imposedbytheprovisionsofchapter143,oracorporationsubjecttotheannualcorporation
20franchisetaximposedbytheprovisionsofchapter147,includinganycharitableorganization
21whichisexemptfromfederalincometaxandwhoseMissouriunrelatedbusinesstaxable
22income,ifany,wouldbesubjecttothestateincometaximposedunderchapter143,oran
23insurancecompanypayinganannualtaxonitsgrosspremiumreceiptsinthisstate,orother
24financialinstitutionpayingtaxestothestateofMissourioranypoliticalsubdivisionofthis
25statepursuanttotheprovisionsofchapter148,oranexpresscompanywhichpaysanannual
26taxonitsgrossreceiptsinthisstatepursuanttochapter153,oranindividualsubjecttothe
27stateincometaximposedbytheprovisionsofchapter143.
28 2.Ataxpayershallbeallowedtoclaimataxcreditagainstthetaxpayer'sstatetax
29liability,inanamountequaltofiftypercentoftheamountsuchtaxpayercontributedtoa
30shelterforvictimsofdomesticviolenceorrapecrisiscenterforallfiscalyearsendingonor
31beforeJune30,2022,andseventypercentoftheamountsuchtaxpayercontributedtoa
32shelterforvictimsofdomesticviolenceorrapecrisiscenterforallfiscalyearsbeginningon
33orafterJuly1,2022.
HB2319 28 34 3.Theamountofthetaxcreditclaimedshallnotexceedtheamountofthetaxpayer's
35statetaxliabilityforthe[taxable] taxyearthatthecreditisclaimed,andsuchtaxpayershall
36notbeallowedtoclaimataxcreditinexcessoffiftythousanddollarsper[taxable] taxyear.
37However,anytaxcreditthatcannotbeclaimedinthe[taxable] taxyearthecontributionwas
38mademaybecarriedoveronlytothenextsucceedingtaxyear.Taxcreditsissuedpursuantto
39thissectionshallnotbeassigned,transferred,orsold.
40 4.Exceptforanyexcesscreditwhichiscarriedoverpursuanttosubsection3ofthis
41section,ataxpayershallnotbeallowedtoclaimataxcreditunlessthetotalamountofsuch
42taxpayer'scontributionorcontributionstoashelterorsheltersforvictimsofdomestic
43violenceorrapecrisiscenterinsuchtaxpayer's[taxable] taxyearhasavalueofatleastone
44hundreddollars.
45 5.Thedirectorofthedepartmentofsocialservicesshalldetermine,atleastannually,
46whichfacilitiesinthisstatemaybeclassifiedassheltersforvictimsofdomesticviolenceand
47rapecrisiscenters.Thedirectorofthedepartmentofsocialservicesmayrequireofafacility
48seekingtobeclassifiedasashelterforvictimsofdomesticviolenceorrapecrisiscenter
49whateverinformationisreasonablynecessarytomakesuchadetermination.Thedirectorof
50thedepartmentofsocialservicesshallclassifyafacilityasashelterforvictimsofdomestic
51violenceorrapecrisiscenterifsuchfacilitymeetsthedefinitionsetforthinsubsection1of
52thissection.
53 6.Thedirectorofthedepartmentofsocialservicesshallestablishaprocedureby
54whichataxpayercandetermineifafacilityhasbeenclassifiedasashelterforvictimsof
55domesticviolenceorrapecrisiscenter,andbywhichsuchtaxpayercanthencontributeto
56suchshelterforvictimsofdomesticviolenceorrapecrisiscenterandclaimataxcredit.
57Sheltersforvictimsofdomesticviolenceandrapecrisiscentersshallbepermittedtodecline
58acontributionfromataxpayer.Thecumulativeamountoftaxcreditswhichmaybeclaimed
59byallthetaxpayerscontributingtosheltersforvictimsofdomesticviolenceandrapecrisis
60centersinanyonefiscalyearshallnotexceedtwomilliondollarsforallfiscalyearsending
61onorbeforeJune30,2022.ForallfiscalyearsbeginningonorafterJuly1,2022,thereshall
62benolimitimposedonthecumulativeamountoftaxcreditsthatmaybeclaimedbyall
63taxpayerscontributingtosheltersforvictimsofdomesticviolenceandrapecrisiscenters
64undertheprovisionsofthissection.
65 7.ForallfiscalyearsendingonorbeforeJune30,2022,thedirectorofthe
66departmentofsocialservicesshallestablishaprocedurebywhich,fromthebeginningofthe
67fiscalyearuntilsomepointintimelaterinthefiscalyeartobedeterminedbythedirectorof
68thedepartmentofsocialservices,thecumulativeamountoftaxcreditsareequally
69apportionedamongallfacilitiesclassifiedassheltersforvictimsofdomesticviolenceand
70rapecrisiscenters.Ifashelterforvictimsofdomesticviolenceorrapecrisiscenterfailsto
HB2319 29 71useall,orsomepercentagetobedeterminedbythedirectorofthedepartmentofsocial
72services,ofitsapportionedtaxcreditsduringthispredeterminedperiodoftime,thedirector
73ofthedepartmentofsocialservicesmayreapportiontheseunusedtaxcreditstothoseshelters
74forvictimsofdomesticviolenceandrapecrisiscentersthathaveusedall,orsomepercentage
75tobedeterminedbythedirectorofthedepartmentofsocialservices,oftheirapportionedtax
76creditsduringthispredeterminedperiodoftime.Thedirectorofthedepartmentofsocial
77servicesmayestablishmorethanoneperiodoftimeandreapportionmorethanonceduring
78eachfiscalyear.Tothemaximumextentpossible,thedirectorofthedepartmentofsocial
79servicesshallestablishtheproceduredescribedinthissubsectioninsuchamannerasto
80ensurethattaxpayerscanclaimallthetaxcreditspossibleuptothecumulativeamountoftax
81creditsavailableforthefiscalyear.
82 8.ThissectionshallbecomeeffectiveJanuary1,2000,andshallapplytoalltaxyears
83afterDecember31,1999.
84 9.Undersection23.253oftheMissourisunsetact:
85 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
86automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
87generalassembly;
88 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
89shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
90thereauthorizationofthissection;
91 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
92immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
93sectionissunset;and
94 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
95impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
96programauthorizedunderthissectionexpires.
135.562.1.Ifanytaxpayerwithafederaladjustedgrossincomeofthirtythousand
2dollarsorlessincurscostsforthepurposeofmakingalloranyportionofsuchtaxpayer's
3principaldwellingaccessibletoanindividualwithadisabilitywhopermanentlyresideswith
4thetaxpayer,suchtaxpayershallreceiveataxcreditagainstsuchtaxpayer'sMissouriincome
5taxliabilityinanamountequaltothelesserofonehundredpercentofsuchcostsortwo
6thousandfivehundreddollarspertaxpayer,pertaxyear.
7 2.Anytaxpayerwithafederaladjustedgrossincomegreaterthanthirtythousand
8dollarsbutlessthansixtythousanddollarswhoincurscostsforthepurposeofmakingallor
9anyportionofsuchtaxpayer'sprincipaldwellingaccessibletoanindividualwithadisability
10whopermanentlyresideswiththetaxpayershallreceiveataxcreditagainstsuchtaxpayer's
11Missouriincometaxliabilityinanamountequaltothelesseroffiftypercentofsuchcostsor
HB2319 30 12twothousandfivehundreddollarspertaxpayerpertaxyear.Notaxpayershallbeeligibleto
13receivetaxcreditsunderthissectioninanytaxyearimmediatelyfollowingataxyearin
14whichsuchtaxpayerreceivedtaxcreditsundertheprovisionsofthissection.
15 3.Taxcreditsissuedunderthissectionmayberefundableinanamountnottoexceed
16twothousandfivehundreddollarspertaxyear.
17 4.Eligiblecostsforwhichthecreditmaybeclaimedinclude:
18 (1)Constructingentranceorexitramps;
19 (2)Wideningexteriororinteriordoorways;
20 (3)Wideninghallways;
21 (4)Installinghandrailsorgrabbars;
22 (5)Movingelectricaloutletsandswitches;
23 (6)Installingstairwaylifts;
24 (7)Installingormodifyingfirealarms,smokedetectors,andotheralertingsystems;
25 (8)Modifyinghardwareofdoors;or
26 (9)Modifyingbathrooms.
27 5.Thetaxcreditsallowed,includingthemaximumamountthatmaybeclaimed,
28underthissectionshallbereducedbyanamountsufficienttooffsetanyamountofsuchcosts
29ataxpayerhasalreadydeductedfromsuchtaxpayer'sfederaladjustedgrossincomeortothe
30extentsuchtaxpayerhasappliedanyotherstateorfederalincometaxcredittosuchcosts.
31 6.Ataxpayershallclaimacreditallowedbythissectioninthesametaxyearasthe
32creditisissued,andatthetimesuchtaxpayerfileshisorherMissouriincometaxreturn;
33providedthatsuchreturnistimelyfiled.
34 7.Thedepartmentofeconomicdevelopmentmay,inconsultationwiththe
35departmentofsocialservices,promulgatesuchrulesorregulationsasarenecessaryto
36administertheprovisionsofthissection.Anyruleorportionofarule,asthattermisdefined
37insection536.010,thatiscreatedundertheauthoritydelegatedinthissectionshallbecome
38effectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter536and,if
39applicable,section536.028.Thissectionandchapter536arenonseverableandifanyofthe
40powersvestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe
41effectivedateortodisapproveandannularulearesubsequentlyheldunconstitutional,then
42thegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust28,2007,
43shallbeinvalidandvoid.
44 8.Theprovisionsofthissectionshallapplytoalltaxyearsbeginningonorafter
45January1,2008.
46 9.TheprovisionsofthissectionshallexpireDecember31,2025,unlessreauthorized
47bythegeneralassembly.ThissectionshallterminateonSeptemberfirstofthecalendaryear
48immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthissection
HB2319 31 49issunset.Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
50impairthedepartment'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
51programauthorizedunderthissectionexpiresorataxpayer'sabilitytoredeemsuchtax
52credits.
53 10.Innoeventshalltheaggregateamountofalltaxcreditsallowedunderthissection
54exceedonehundredthousanddollarsinanygivenfiscalyear.Thetaxcreditsissuedpursuant
55tothissectionshallbeonafirst-come,first-servedfilingbasis.
56 11.Aftertheeffectivedateofthissection,thedepartmentofeconomic
57developmentshalladministerthetaxcreditprovidedunderthissection.
135.600.1.Asusedinthissection,thefollowingtermsshallmean:
2 (1)"Contribution",adonationofcash,stock,bondsorothermarketablesecurities,or
3realproperty;
4 (2)"Maternityhome",aresidentialfacilitylocatedinthisstate:
5 (a)Establishedforthepurposeofprovidinghousingandassistancetopregnant
6womenwhoarecarryingtheirpregnanciestoterm;
7 (b)Thatdoesnotperform,induce,orreferforabortionsandthatdoesnotholditself
8outasperforming,inducing,orreferringforabortions;
9 (c)Thatprovidesservicesatnocosttoclients;and
10 (d)ThatisexemptfromincometaxationundertheUnitedStatesInternalRevenue
11Code;
12 (3)"Statetaxliability",inthecaseofabusinesstaxpayer,anyliabilityincurredby
13suchtaxpayerpursuanttotheprovisionsofchapter143,chapter147,chapter148,andchapter
14153,exclusiveoftheprovisionsrelatingtothewithholdingoftaxasprovidedforinsections
15143.191to143.265,andrelatedprovisions,andinthecaseofanindividualtaxpayer,any
16liabilityincurredbysuchtaxpayerpursuanttotheprovisionsofchapter143;
17 (4)"Taxpayer",aperson,firm,apartnerinafirm,corporationorashareholderinan
18ScorporationdoingbusinessinthestateofMissouriandsubjecttothestateincometax
19imposedbytheprovisionsofchapter143,includinganycharitableorganizationwhichis
20exemptfromfederalincometaxandwhoseMissouriunrelatedbusinesstaxableincome,if
21any,wouldbesubjecttothestateincometaximposedunderchapter143,oracorporation
22subjecttotheannualcorporationfranchisetaximposedbytheprovisionsofchapter147,or
23aninsurancecompanypayinganannualtaxonitsgrosspremiumreceiptsinthisstate,or
24otherfinancialinstitutionpayingtaxestothestateofMissourioranypoliticalsubdivisionof
25thisstatepursuanttotheprovisionsofchapter148,oranexpresscompanywhichpaysan
26annualtaxonitsgrossreceiptsinthisstatepursuanttochapter153,oranindividualsubjectto
27thestateincometaximposedbytheprovisionsofchapter143.
HB2319 32 28 2.Ataxpayershallbeallowedtoclaimataxcreditagainstthetaxpayer'sstatetax
29liability,inanamountequaltofiftypercentoftheamountsuchtaxpayercontributedtoa
30maternityhomeforallfiscalyearsendingonorbeforeJune30,2022,andseventypercentof
31theamountsuchtaxpayercontributedtoamaternityhomeforallfiscalyearsbeginningonor
32afterJuly1,2022.
33 3.Theamountofthetaxcreditclaimedshallnotexceedtheamountofthetaxpayer's
34statetaxliabilityforthetaxyearthatthecreditisclaimed,andsuchtaxpayershallnotbe
35allowedtoclaimataxcreditinexcessoffiftythousanddollarspertaxyear.However,any
36taxcreditthatcannotbeclaimedinthetaxyearthecontributionwasmademaybecarried
37overonlytothenextsucceedingtaxyear.Notaxcreditissuedunderthissectionshallbe
38assigned,transferred,orsold.
39 4.Exceptforanyexcesscreditwhichiscarriedoverpursuanttosubsection3ofthis
40section,ataxpayershallnotbeallowedtoclaimataxcreditunlessthetotalamountofsuch
41taxpayer'scontributionorcontributionstoamaternityhomeorhomesinsuchtaxpayer'stax
42yearhasavalueofatleastonehundreddollars.
43 5.Thedirectorofthedepartmentofsocialservicesshalldetermine,atleastannually,
44whichfacilitiesinthisstatemaybeclassifiedasmaternityhomes.Thedirectorofthe
45departmentofsocialservicesmayrequireofafacilityseekingtobeclassifiedasamaternity
46homewhateverinformationisreasonablynecessarytomakesuchadetermination.The
47directorofthedepartmentofsocialservicesshallclassifyafacilityasamaternityhomeif
48suchfacilitymeetsthedefinitionsetforthinsubsection1ofthissection.
49 6.Thedirectorofthedepartmentofsocialservicesshallestablishaprocedureby
50whichataxpayercandetermineifafacilityhasbeenclassifiedasamaternityhome,andby
51whichsuchtaxpayercanthencontributetosuchmaternityhomeandclaimataxcredit.
52Maternityhomesshallbepermittedtodeclineacontributionfromataxpayer.The
53cumulativeamountoftaxcreditswhichmaybeclaimedbyallthetaxpayerscontributingto
54maternityhomesinanyonefiscalyearshallnotexceedtwomilliondollarsforallfiscalyears
55endingonorbeforeJune30,2014,andtwomillionfivehundredthousanddollarsforall
56fiscalyearsbeginningonorafterJuly1,2014,andendingonorbeforeJune30,2019,and
57threemillionfivehundredthousanddollarsforallfiscalyearsbeginningonorafterJuly1,
582019,andendingonorbeforeJune30,2022.ForallfiscalyearsbeginningonorafterJuly1,
592022,thereshallbenolimitimposedonthecumulativeamountoftaxcreditsthatmaybe
60claimedbyalltaxpayerscontributingtomaternityhomesundertheprovisionsofthissection.
61Taxcreditsshallbeissuedintheordercontributionsarereceived.Iftheamountoftaxcredits
62redeemedinafiscalyearislessthanthecumulativeamountauthorizedunderthissubsection,
63thedifferenceshallbecarriedovertoasubsequentfiscalyearoryearsandshallbeaddedto
64thecumulativeamountoftaxcreditsthatmaybeauthorizedinthatfiscalyearoryears.
HB2319 33 65 7.ForallfiscalyearsendingonorbeforeJune30,2022,thedirectorofthe
66departmentofsocialservicesshallestablishaprocedurebywhich,fromthebeginningofthe
67fiscalyearuntilsomepointintimelaterinthefiscalyeartobedeterminedbythedirectorof
68thedepartmentofsocialservices,thecumulativeamountoftaxcreditsareequally
69apportionedamongallfacilitiesclassifiedasmaternityhomes.Ifamaternityhomefailsto
70useall,orsomepercentagetobedeterminedbythedirectorofthedepartmentofsocial
71services,ofitsapportionedtaxcreditsduringthispredeterminedperiodoftime,thedirector
72ofthedepartmentofsocialservicesmayreapportiontheseunusedtaxcreditstothose
73maternityhomesthathaveusedall,orsomepercentagetobedeterminedbythedirectorof
74thedepartmentofsocialservices,oftheirapportionedtaxcreditsduringthispredetermined
75periodoftime.Thedirectorofthedepartmentofsocialservicesmayestablishmorethanone
76periodoftimeandreapportionmorethanonceduringeachfiscalyear.Tothemaximum
77extentpossible,thedirectorofthedepartmentofsocialservicesshallestablishtheprocedure
78describedinthissubsectioninsuchamannerastoensurethattaxpayerscanclaimallthetax
79creditspossibleuptothecumulativeamountoftaxcreditsavailableforthefiscalyear.
80 8.ThissectionshallbecomeeffectiveJanuary1,2000,andshallapplytoalltaxyears
81afterDecember31,1999.
82 9.Undersection23.253oftheMissourisunsetact:
83 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
84automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
85generalassembly;
86 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
87shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
88thereauthorizationofthissection;
89 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
90immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
91sectionissunset;and
92 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
93impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
94programauthorizedunderthissectionexpires.
135.630.1.Asusedinthissection,thefollowingtermsmean:
2 (1)"Contribution",adonationofcash,stock,bonds,orothermarketablesecurities,or
3realproperty;
4 (2)"Director",thedirectorofthedepartmentofsocialservices;
5 (3)"Pregnancyresourcecenter",anonresidentialfacilitylocatedinthisstate:
6 (a)Establishedandoperatingprimarilytoprovideassistancetowomenandfamilies
7withcrisispregnanciesorunplannedpregnanciesbyofferingpregnancytesting,counseling,
HB2319 34 8emotionalandmaterialsupport,andothersimilarservicesorbyofferingservicesasdescribed
9undersubsection2ofsection188.325,toencourageandassistsuchwomenandfamiliesin
10carryingtheirpregnanciestoterm;and
11 (b)Wherechildbirthsarenotperformed;and
12 (c)Whichdoesnotperform,induce,orreferforabortionsandwhichdoesnothold
13itselfoutasperforming,inducing,orreferringforabortions;and
14 (d)Whichprovidesdirectclientservicesatthefacility,asopposedtomerely
15providingcounselingorreferralservicesbytelephone;and
16 (e)Whichprovidesitsservicesatnocosttoitsclients;and
17 (f)Whenprovidingmedicalservices,suchmedicalservicesmustbeperformedin
18accordancewithMissouristatute;and
19 (g)WhichisexemptfromincometaxationpursuanttotheInternalRevenueCodeof
201986,asamended;
21 (4)"Statetaxliability",inthecaseofabusinesstaxpayer,anyliabilityincurredby
22suchtaxpayerpursuanttotheprovisionsofchapters143,147,148,and153,excluding
23sections143.191to143.265andrelatedprovisions,andinthecaseofanindividualtaxpayer,
24anyliabilityincurredbysuchtaxpayerpursuanttotheprovisionsofchapter143,excluding
25sections143.191to143.265andrelatedprovisions;
26 (5)"Taxpayer",aperson,firm,apartnerinafirm,corporation,orashareholderinan
27ScorporationdoingbusinessinthestateofMissouriandsubjecttothestateincometax
28imposedbytheprovisionsofchapter143,oracorporationsubjecttotheannualcorporation
29franchisetaximposedbytheprovisionsofchapter147,oraninsurancecompanypayingan
30annualtaxonitsgrosspremiumreceiptsinthisstate,orotherfinancialinstitutionpaying
31taxestothestateofMissourioranypoliticalsubdivisionofthisstatepursuanttothe
32provisionsofchapter148,oranexpresscompanywhichpaysanannualtaxonitsgross
33receiptsinthisstatepursuanttochapter153,oranindividualsubjecttothestateincometax
34imposedbytheprovisionsofchapter143,oranycharitableorganizationwhichisexempt
35fromfederalincometaxandwhoseMissouriunrelatedbusinesstaxableincome,ifany,would
36besubjecttothestateincometaximposedunderchapter143.
37 2.(1)BeginningonMarch29,2013,anycontributiontoapregnancyresourcecenter
38madeonorafterJanuary1,2013,shallbeeligiblefortaxcreditsasprovidedbythissection.
39 (2)ForalltaxyearsbeginningonorafterJanuary1,2007,andendingonorbefore
40December31,2020,ataxpayershallbeallowedtoclaimataxcreditagainstthetaxpayer's
41statetaxliabilityinanamountequaltofiftypercentoftheamountsuchtaxpayercontributed
42toapregnancyresourcecenter.ForalltaxyearsbeginningonorafterJanuary1,2021,a
43taxpayershallbeallowedtoclaimataxcreditagainstthetaxpayer'sstatetaxliabilityinan
HB2319 35 44amountequaltoseventypercentoftheamountsuchtaxpayercontributedtoapregnancy
45resourcecenter.
46 3.Theamountofthetaxcreditclaimedshallnotexceedtheamountofthetaxpayer's
47statetaxliabilityforthetaxyearforwhichthecreditisclaimed,andsuchtaxpayershallnot
48beallowedtoclaimataxcreditinexcessoffiftythousanddollarspertaxyear.However,any
49taxcreditthatcannotbeclaimedinthetaxyearthecontributionwasmademaybecarried
50overonlytothenextsucceedingtaxyear.Notaxcreditissuedunderthissectionshallbe
51assigned,transferred,orsold.
52 4.Exceptforanyexcesscreditwhichiscarriedoverpursuanttosubsection3ofthis
53section,ataxpayershallnotbeallowedtoclaimataxcreditunlessthetotalamountofsuch
54taxpayer'scontributionorcontributionstoapregnancyresourcecenterorcentersinsuch
55taxpayer'staxyearhasavalueofatleastonehundreddollars.
56 5.Thedirectorshalldetermine,atleastannually,whichfacilitiesinthisstatemaybe
57classifiedaspregnancyresourcecenters.Thedirectormayrequireofafacilityseekingtobe
58classifiedasapregnancyresourcecenterwhateverinformationwhichisreasonablynecessary
59tomakesuchadetermination.Thedirectorshallclassifyafacilityasapregnancyresource
60centerifsuchfacilitymeetsthedefinitionsetforthinsubsection1ofthissection.
61 6.Thedirectorshallestablishaprocedurebywhichataxpayercandetermineifa
62facilityhasbeenclassifiedasapregnancyresourcecenter.Pregnancyresourcecentersshall
63bepermittedtodeclineacontributionfromataxpayer.Thecumulativeamountoftaxcredits
64whichmaybeclaimedbyallthetaxpayerscontributingtopregnancyresourcecentersinany
65onefiscalyearshallnotexceedtwomilliondollarsforallfiscalyearsendingonorbefore
66June30,2014,andtwomillionfivehundredthousanddollarsforallfiscalyearsbeginningon
67orafterJuly1,2014,andendingonorbeforeJune30,2019,andthreemillionfivehundred
68thousanddollarsforallfiscalyearsbeginningonorafterJuly1,2019,andendingonor
69beforeJune30,2021.ForallfiscalyearsbeginningonorafterJuly1,2021,thereshallbeno
70limitimposedonthecumulativeamountoftaxcreditsthatmaybeclaimedbyalltaxpayers
71contributingtopregnancyresourcecentersundertheprovisionsofthissection.Taxcredits
72shallbeissuedintheordercontributionsarereceived.Iftheamountoftaxcreditsredeemed
73inafiscalyearislessthanthecumulativeamountauthorizedunderthissubsection,the
74differenceshallbecarriedovertoasubsequentfiscalyearoryearsandshallbeaddedtothe
75cumulativeamountoftaxcreditsthatmaybeauthorizedinthatfiscalyearoryears.
76 7.ForallfiscalyearsendingonorbeforeJune30,2021,thedirectorshallestablisha
77procedurebywhich,fromthebeginningofthefiscalyearuntilsomepointintimelaterinthe
78fiscalyeartobedeterminedbythedirector,thecumulativeamountoftaxcreditsareequally
79apportionedamongallfacilitiesclassifiedaspregnancyresourcecenters.Ifapregnancy
80resourcecenterfailstouseall,orsomepercentagetobedeterminedbythedirector,ofits
HB2319 36 81apportionedtaxcreditsduringthispredeterminedperiodoftime,thedirectormayreapportion
82theseunusedtaxcreditstothosepregnancyresourcecentersthathaveusedall,orsome
83percentagetobedeterminedbythedirector,oftheirapportionedtaxcreditsduringthis
84predeterminedperiodoftime.Thedirectormayestablishmorethanoneperiodoftimeand
85reapportionmorethanonceduringeachfiscalyear.Tothemaximumextentpossible,the
86directorshallestablishtheproceduredescribedinthissubsectioninsuchamannerasto
87ensurethattaxpayerscanclaimallthetaxcreditspossibleuptothecumulativeamountoftax
88creditsavailableforthefiscalyear.
89 8.Eachpregnancyresourcecentershallprovideinformationtothedirector
90concerningtheidentityofeachtaxpayermakingacontributiontothepregnancyresource
91centerwhoisclaimingataxcreditpursuanttothissectionandtheamountofthecontribution.
92Thedirectorshallprovidetheinformationtothedirectorofrevenue.Thedirectorshallbe
93subjecttotheconfidentialityandpenaltyprovisionsofsection32.057relatingtothe
94disclosureoftaxinformation.
95 9.[Theprovisionsof]Undersection23.253[shallnotapplytothissection] ofthe
96Missourisunsetact:
97 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
98automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
99generalassembly;
100 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
101shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
102thereauthorizationofthissection;
103 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
104immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
105sectionissunset;and
106 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
107impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
108programauthorizedunderthissectionexpires.
135.647.1.Asusedinthissection,thefollowingtermsshallmean:
2 (1)"Department",thedepartmentofsocialservices;
3 (2)"Localfoodpantry",anyfoodpantrythatis:
4 (a)Exemptfromtaxationundersection501(c)(3)oftheInternalRevenueCodeof
51986,asamended;and
6 (b)DistributingemergencyfoodsuppliestoMissourilow-incomepeoplewhowould
7otherwisenothaveaccesstofoodsuppliesintheareainwhichthetaxpayerclaimingthetax
8creditunderthissectionresides;
9 [(2)](3)"Localhomelessshelter",anyhomelessshelterthatis:
HB2319 37 10 (a)ExemptfromtaxationunderSection501(c)(3)oftheInternalRevenueCodeof
111986,asamended;and
12 (b)Providingtemporarylivingarrangements,intheareainwhichthetaxpayer
13claimingthetaxcreditunderthissectionresides,forindividualsandfamilieswhootherwise
14lackafixed,regular,andadequatenighttimeresidenceandlacktheresourcesorsupport
15networkstoobtainotherpermanenthousing;
16 [(3)](4)"Localsoupkitchen",anysoupkitchenthatis:
17 (a)Exemptfromtaxationundersection501(c)(3)oftheInternalRevenueCodeof
181986,asamended;and
19 (b)Providingpreparedmealsthroughanestablishedcongregatefeedingoperationto
20needy,low-incomepersonsincluding,butnotlimitedto,homelesspersonsintheareain
21whichthetaxpayerclaimingthetaxcreditunderthissectionresides;
22 [(4)](5)"Taxpayer",anindividual,afirm,apartnerinafirm,corporation,ora
23shareholderinanScorporationdoingbusinessinthisstateandsubjecttothestateincometax
24imposedbychapter143,excludingwithholdingtaximposedbysections143.191to143.265.
25 2.(1)BeginningonMarch29,2013,anydonationofcashorfoodmadetoalocal
26foodpantryonorafterJanuary1,2013,unlesssuchfoodisdonatedafterthefood'sexpiration
27date,shallbeeligiblefortaxcreditsasprovidedbythissection.
28 (2)BeginningonAugust28,2018,anydonationofcashorfoodmadetoalocalsoup
29kitchenorlocalhomelessshelteronorafterJanuary1,2018,unlesssuchfoodisdonatedafter
30thefood'sexpirationdate,shallbeeligibleforataxcreditasprovidedunderthissection.
31 (3)Anytaxpayerwhomakesadonationthatiseligibleforataxcreditunderthis
32sectionshallbeallowedacreditagainstthetaxotherwisedueunderchapter143,excluding
33withholdingtaximposedbysections143.191to143.265,inanamountequaltofiftypercent
34ofthevalueofthedonationsmadetotheextentsuchamountsthathavebeensubtractedfrom
35federaladjustedgrossincomeorfederaltaxableincomeareaddedbackinthedetermination
36ofMissouriadjustedgrossincomeorMissouritaxableincomebeforethecreditcanbe
37claimed.Eachtaxpayerclaimingataxcreditunderthissectionshallfileanaffidavitwiththe
38incometaxreturnverifyingtheamountoftheircontributions.Theamountofthetaxcredit
39claimedshallnotexceedtheamountofthetaxpayer'sstatetaxliabilityforthetaxyearthat
40thecreditisclaimedandshallnotexceedtwothousandfivehundreddollarspertaxpayer
41claimingthecredit.Anyamountofcreditthatthetaxpayerisprohibitedbythissectionfrom
42claiminginataxyearshallnotberefundable,butmaybecarriedforwardtoanyofthe
43taxpayer'sthreesubsequenttaxyears.Notaxcreditgrantedunderthissectionshallbe
44transferred,sold,orassigned.Notaxpayershallbeeligibletoreceiveacreditpursuanttothis
45sectionifsuchtaxpayeremployspersonswhoarenotauthorizedtoworkintheUnitedStates
HB2319 38 46underfederallaw.Notaxpayershallbeabletoclaimmorethanonecreditunderthissection
47forasingledonation.
48 3.Thecumulativeamountoftaxcreditsunderthissectionwhichmaybeallocatedto
49alltaxpayerscontributingtoalocalfoodpantry,localsoupkitchen,orlocalhomelessshelter
50inanyonefiscalyearshallnotexceedonemillionsevenhundredfiftythousanddollars.The
51[directorofrevenue] departmentshallestablishaprocedurebywhichthecumulative
52amountoftaxcreditsisapportionedamongalltaxpayersclaimingthecreditbyAprilfifteenth
53ofthefiscalyearinwhichthetaxcreditisclaimed.Tothemaximumextentpossible,the
54[directorofrevenue] departmentshallestablishtheproceduredescribedinthissubsectionin
55suchamannerastoensurethattaxpayerscanclaimallthetaxcreditspossibleuptothe
56cumulativeamountoftaxcreditsavailableforthefiscalyear.
57 4.Anylocalfoodpantry,localsoupkitchen,orlocalhomelesssheltermayacceptor
58rejectanydonationoffoodmadeunderthissectionforanyreason.Forpurposesofthis
59section,anydonationsoffoodacceptedbyalocalfoodpantry,localsoupkitchen,orlocal
60homelesssheltershallbevaluedatfairmarketvalue,oratwholesalevalueifthetaxpayer
61makingthedonationoffoodisaretailgrocerystore,foodbroker,wholesaler,orrestaurant.
62 5.Thedepartmentof[revenue] socialservicesshallpromulgaterulestoimplement
63theprovisionsofthissection.Anyruleorportionofarule,asthattermisdefinedinsection
64536.010,thatiscreatedundertheauthoritydelegatedinthissectionshallbecomeeffective
65onlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,
66section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers
67vestedwiththegeneralassemblypursuanttochapter536toreview,todelaytheeffective
68date,ortodisapproveandannularulearesubsequentlyheldunconstitutional,thenthegrant
69ofrulemakingauthorityandanyruleproposedoradoptedafterAugust28,2007,shallbe
70invalidandvoid.
71 6.Undersection23.253oftheMissourisunsetact:
72 (1)TheprogramauthorizedunderthissectionshallbereauthorizedasofAugust28,
732018,andshallexpireonDecember31,2026,unlessreauthorizedbythegeneralassembly;
74and
75 (2)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately
76followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset;and
77 (3)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
78impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatetheprogram
79authorizedunderthissectionexpires.
80 7.Aftertheeffectivedateofthissection,thedepartmentofsocialservicesshall
81administerthetaxcreditprovidedunderthissection.
135.690.1.Asusedinthissection,thefollowingtermsmean:
HB2319 39 2 (1)"Community-basedfacultypreceptor",aphysicianorphysicianassistantwhois
3licensedinMissouriandprovidespreceptorshipstoMissourimedicalstudentsorphysician
4assistantstudentswithoutdirectcompensationfortheworkofprecepting;
5 (2)"Department",theMissouridepartmentofhealthandseniorservices;
6 (3)"Division",thedivisionofprofessionalregistrationofthedepartmentof
7commerceandinsurance;
8 (4)"FederallyQualifiedHealthCenter(FQHC)",areimbursementdesignationfrom
9theBureauofPrimaryHealthCareandtheCentersforMedicareandMedicaidServicesof
10theUnitedStatesDepartmentofHealthandHumanServices;
11 (5)"Medicalstudent",anindividualenrolledinaMissourimedicalcollegeapproved
12andaccreditedasreputablebytheAmericanMedicalAssociationortheLiaisonCommittee
13onMedicalEducationorenrolledinaMissouriosteopathiccollegeapprovedandaccredited
14asreputablebytheCommissiononOsteopathicCollegeAccreditation;
15 (6)"Medicalstudentcorepreceptorship"or"physicianassistantstudentcore
16preceptorship",apreceptorshipforamedicalstudentorphysicianassistantstudentthat
17providesaminimumofonehundredtwentyhoursofcommunity-basedinstructioninfamily
18medicine,internalmedicine,pediatrics,psychiatry,orobstetricsandgynecologyunderthe
19guidanceofacommunity-basedfacultypreceptor.Acommunity-basedfacultypreceptor
20mayaddtogethertheamountsofpreceptorshipinstructiontimeseparatelyprovidedto
21multiplestudentsindeterminingwhetherheorshehasreachedtheminimumhoursrequired
22underthissubdivision,butthetotalpreceptorshipinstructiontimeprovidedshallequalat
23leastonehundredtwentyhoursinorderforsuchpreceptortobeeligibleforthetaxcredit
24authorizedunderthissection;
25 (7)"Physicianassistantstudent",anindividualparticipatinginaMissouriphysician
26assistantprogramaccreditedbytheAccreditationReviewCommissiononEducationforthe
27PhysicianAssistantoritssuccessororganization;
28 (8)"Taxpayer",anyindividual,firm,partnerinafirm,corporation,orshareholderin
29anScorporationdoingbusinessinthisstateandsubjecttothestateincometaximposed
30underchapter143,excludingwithholdingtaximposedundersections143.191to143.265.
31 2.(1)BeginningJanuary1,2023,anycommunity-basedfacultypreceptorwho
32servesasthecommunity-basedfacultypreceptorforamedicalstudentcorepreceptorshipora
33physicianassistantstudentcorepreceptorshipshallbeallowedacreditagainstthetax
34otherwisedueunderchapter143,excludingwithholdingtaximposedundersections143.191
35to143.265,inanamountequaltoonethousanddollarsforeachpreceptorship,uptoa
36maximumofthreethousanddollarspertaxyear,ifheorshecompletesuptothree
37preceptorshiprotationsduringthetaxyearanddidnotreceiveanydirectcompensationfor
38thepreceptorships.
HB2319 40 39 (2)Toreceivethecreditallowedbythissection,acommunity-basedfacultypreceptor
40shallclaimsuchcreditonhisorherreturnforthetaxyearinwhichheorshecompletesthe
41preceptorshiprotationsandshallsubmitsupportingdocumentationasprescribedbythe
42divisionandthedepartment.
43 (3)Innoeventshallthetotalamountofataxcreditauthorizedunderthissection
44exceedataxpayer'sincometaxliabilityforthetaxyearforwhichsuchcreditisclaimed.No
45taxcreditauthorizedunderthissectionshallbeallowedataxpayeragainsthisorhertax
46liabilityforanypriororsucceedingtaxyear.
47 (4)Nomorethantwohundredpreceptorshiptaxcreditsshallbeauthorizedunderthis
48sectionforanyonecalendaryear.Thetaxcreditsshallbeawardedonafirst-come,first-
49servedbasis.Thedivisionandthedepartmentshalljointlypromulgaterulesfordetermining
50themannerinwhichtaxpayerswhohaveobtainedcertificationunderthissectionareableto
51claimthetaxcredit.Thecumulativeamountoftaxcreditsawardedunderthissectionshall
52notexceedtwohundredthousanddollarsperyear.
53 (5)Notwithstandingtheprovisionsofsubdivision(4)ofthissubsection,the
54departmentisauthorizedtoexceedthetwohundredthousanddollarsperyeartaxcredit
55programcapinanyamountnottoexceedtheamountoffundsremaininginthemedical
56preceptorfund,asestablishedundersubsection3ofthissection,asoftheendofthemost
57recenttaxyear,afteranyrequiredtransferstothegeneralrevenuefundhavetakenplacein
58accordancewiththeprovisionsofsubsection3ofthissection.
59 3.(1)Fundingforthetaxcreditprogramauthorizedunderthissectionshallbe
60generatedbythedivisionfromalicensefeeincreaseofsevendollarsperlicensefor
61physiciansandsurgeonsandfromalicensefeeincreaseofthreedollarsperlicensefor
62physicianassistants.ThelicensefeeincreasesshalltakeeffectbeginningJanuary1,2023,
63basedontheunderlyinglicensefeeratesprevailingonthatdate.Theunderlyinglicensefee
64ratesshallbedeterminedundersection334.090andallotherapplicableprovisionsofchapter
65334.
66 (2)(a)Thereisherebycreatedinthestatetreasurythe"MedicalPreceptorFund",
67whichshallconsistofmoneyscollectedunderthissubsection.Thestatetreasurershallbe
68custodianofthefund.Inaccordancewithsections30.170and30.180,thestatetreasurermay
69approvedisbursements.Thefundshallbeadedicatedfundand,uponappropriation,moneys
70inthefundshallbeusedsolelybythedepartmentandthedivisionfortheadministrationof
71thetaxcreditprogramauthorizedunderthissection.Notwithstandingtheprovisionsof
72section33.080tothecontrary,anymoneysremaininginthefundattheendofthebiennium
73shallnotreverttothecreditofthegeneralrevenuefund.Thestatetreasurershallinvest
74moneysinthemedicalpreceptorfundinthesamemannerasotherfundsareinvested.Any
75interestandmoneysearnedonsuchinvestmentsshallbecreditedtothefund.
HB2319 41 76 (b)Notwithstandinganyprovisionofthischapteroranyotherprovisionoflawtothe
77contrary,allrevenuefromthelicensefeeincreasesdescribedundersubdivision(1)ofthis
78subsectionshallbedepositedinthemedicalpreceptorfund.Aftertheendofeverytaxyear,
79anamountequaltothetotaldollaramountofalltaxcreditsclaimedunderthissectionshallbe
80transferredfromthemedicalpreceptorfundtothestate'sgeneralrevenuefundestablished
81undersection33.543.Anyexcessmoneysinthemedicalpreceptorfundshallremaininthe
82fundandshallnotbetransferredtothegeneralrevenuefund.
83 4.(1)Thedepartmentshalladministerthetaxcreditprogramauthorizedunderthis
84section.Eachtaxpayerclaimingataxcreditunderthissectionshallfileanapplicationwith
85thedepartmentverifyingthenumberofhoursofinstructionandtheamountofthetaxcredit
86claimed.Thehoursclaimedontheapplicationshallbeverifiedbythecollegeoruniversity
87departmentheadortheprogramdirectorontheapplication.Thecertificationbythe
88departmentaffirmingthetaxpayer'seligibilityforthetaxcreditprovidedtothetaxpayershall
89befiledwiththetaxpayer'sincometaxreturn.
90 (2)Noamountofanytaxcreditallowedunderthissectionshallberefundable.No
91taxcreditallowedunderthissectionshallbetransferred,sold,orassigned.Notaxpayershall
92beeligibletoreceivethetaxcreditauthorizedunderthissectionifsuchtaxpayeremploys
93personswhoarenotauthorizedtoworkintheUnitedStatesunderfederallaw.
94 5.Thedepartmentofcommerceandinsuranceandthedepartmentofhealthand
95seniorservicesshalljointlypromulgaterulestoimplementtheprovisionsofthissection.Any
96ruleorportionofarule,asthattermisdefinedinsection536.010,thatiscreatedunderthe
97authoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplieswithandis
98subjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.Thissection
99andchapter536arenonseverableandifanyofthepowersvestedwiththegeneralassembly
100pursuanttochapter536toreview,todelaytheeffectivedate,ortodisapproveandannula
101rulearesubsequentlyheldunconstitutional,thenthegrantofrulemakingauthorityandany
102ruleproposedoradoptedafterAugust28,2022,shallbeinvalidandvoid.
103 6.Undersection23.253oftheMissourisunsetact:
104 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
105automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
106generalassembly;
107 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
108shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
109thereauthorizationofthissection;
110 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
111immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
112sectionissunset;and
HB2319 42 113 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
114impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
115programauthorizedunderthissectionexpires.
135.700.1.ForalltaxyearsbeginningonorafterJanuary1,1999,agrapegroweror
2wineproducershallbeallowedataxcreditagainstthestatetaxliabilityincurredpursuantto
3chapter143,exclusiveoftheprovisionsrelatingtothewithholdingoftaxasprovidedin
4sections143.191to143.265,inanamountequaltotwenty-fivepercentofthepurchaseprice
5ofallnewequipmentandmaterialsuseddirectlyinthegrowingofgrapesortheproductionof
6wineinthestate.Eachgrowerorproducershallapplytothedepartmentofeconomic
7developmentandspecifythetotalamountofsuchnewequipmentandmaterialspurchased
8duringthecalendaryear.Thedepartmentofeconomicdevelopmentshallcertifytothe
9departmentofrevenuetheamountofsuchtaxcredittowhichagrapegrowerorwine
10producerisentitledpursuanttothissection.Theprovisionsofthissectionnotwithstanding,a
11growerorproducermayonlyapplyforandreceivethecreditauthorizedbythissectionfor
12fivetaxperiods.
13 2.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
14amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
15totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
16highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
17fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
18 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
19thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
20allowedbasedontheorderinwhichtheyareclaimed.
21 3.Undersection23.253oftheMissourisunsetact:
22 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
23automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
24generalassembly;
25 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
26shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
27thereauthorizationofthissection;
28 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
29immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
30sectionissunset;and
31 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
32impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
33programauthorizedunderthissectionexpires.
HB2319 43 135.719.1.Thestatetreasurerandthedepartmentofrevenuemaypromulgaterules
2toimplementtheprovisionsofsections135.712to135.719.Anyruleorportionofarule,as
3thattermisdefinedinsection536.010,thatiscreatedundertheauthoritydelegatedinthis
4sectionshallbecomeeffectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsof
5chapter536and,ifapplicable,section536.028.Thissectionandchapter536are
6nonseverableandifanyofthepowersvestedwiththegeneralassemblypursuanttochapter
7536toreview,todelaytheeffectivedate,ortodisapproveandannularulearesubsequently
8heldunconstitutional,thenthegrantofrulemakingauthorityandanyruleproposedor
9adoptedafterAugust28,2021,shallbeinvalidandvoid.
10 2.[Theprovisionsof]Undersection23.253oftheMissourisunsetact[shallnot
11applyto]:
12 (1)Theprovisionsoftheprogramauthorizedundersections135.712to135.719
13shallautomaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
14generalassembly;
15 (2)Ifsuchprogramisreauthorized,theprogramauthorizedundersections
16135.712to135.719shallautomaticallysunsetonDecemberthirty-first,sixyearsafter
17theeffectivedateofthereauthorizationofsections135.712to135.719;
18 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
19immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunder
20sections135.712to135.719issunset;and
21 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
22impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
23programauthorizedunderthissectionexpires.
135.772.1.Forthepurposesofthissection,thefollowingtermsshallmean:
2 (1)"Department",theMissouridepartmentof[revenue] agriculture;
3 (2)"Distributor",aperson,firm,orcorporationdoingbusinessinthisstatethat:
4 (a)Produces,refines,blends,compounds,ormanufacturesmotorfuel;
5 (b)Importsmotorfuelintothestate;or
6 (c)Isengagedindistributionofmotorfuel;
7 (3)"Higherethanolblend",afuelcapableofbeingdispenseddirectlyintomotor
8vehiclefueltanksforconsumptionthatiscomprisedofatleastfifteenpercentbutnotmore
9thaneighty-fivepercentethanol;
10 (4)"Retaildealer",aperson,firm,orcorporationdoingbusinessinthisstatethat
11ownsoroperatesaretailservicestationinthisstate;
12 (5)"Retailservicestation",alocationinthisstatefromwhichhigherethanolblendis
13soldtothegeneralpublicandisdispenseddirectlyintomotorvehiclefueltanksfor
14consumption.
HB2319 44 15 2.ForalltaxyearsbeginningonorafterJanuary1,2023,aretaildealerthatsells
16higherethanolblendatsuchretaildealer'sretailservicestationoradistributorthatsells
17higherethanolblenddirectlytothefinaluserlocatedinthisstateshallbeallowedataxcredit
18tobetakenagainsttheretaildealer'sordistributor'sstateincometaxliability.Theamountof
19thecreditshallequalfivecentspergallonofhigherethanolblendsoldbytheretaildealerand
20dispensedthroughmeteredpumpsattheretaildealer'sretailservicestationorbyadistributor
21directlytothefinaluserlocatedinthisstateduringthetaxyearforwhichthetaxcreditis
22claimed.ForanyretaildealerordistributorwithataxyearbeginningpriortoJanuary1,
232023,butendingduringthe2023calendaryear,suchretaildealerordistributorshallbe
24allowedataxcreditfortheamountofhigherethanolblendsoldduringtheportionofsuchtax
25yearthatoccursduringthe2023calendaryear.Taxcreditsauthorizedpursuanttothissection
26shallnotbetransferred,sold,orassigned.Iftheamountofthetaxcreditexceedsthe
27taxpayer'sstatetaxliability,thedifferenceshallnotberefundablebutmaybecarriedforward
28toanyofthefivesubsequenttaxyears.Thetotalamountoftaxcreditsissuedpursuanttothis
29sectionforanygivenfiscalyearshallnotexceedfivemilliondollars.
30 3.Intheeventthetotalamountoftaxcreditsclaimedunderthissectionexceedsthe
31amountofavailabletaxcredits,thetaxcreditsshallbeapportionedamongalleligibleretail
32dealersanddistributorsclaimingataxcreditbyAprilfifteenth,orasdirectedbysection
33143.851,ofthefiscalyearinwhichthetaxcreditisclaimed.
34 4.Thedepartmentshallprescribethemethodforsubmittingapplicationsfor
35claimingthetaxcreditallowedbythissection[shallbeclaimedbysuchtaxpayeratthetime
36suchtaxpayerfilesareturn] andsuchtaxcreditshallbeappliedagainsttheincometax
37liabilityimposedbychapter143,excludingthewithholdingtaximposedbysections143.191
38to143.265,afterreductionforallothercreditsallowedthereon.Thedepartmentmayrequire
39anydocumentationitdeemsnecessarytoimplementtheprovisionsofthissection.
40 5.Thedepartmentofagricultureshallpromulgaterulestoimplementtheprovisions
41ofthissection.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
42createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies
43withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.
44Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe
45generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto
46disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof
47rulemakingauthorityandanyruleproposedoradoptedafterJanuary2,2023,shallbeinvalid
48andvoid.
49 6.Undersection23.253oftheMissourisunsetact:
50 (1)TheprovisionsofthissectionshallautomaticallysunsetonDecember31,2028,
51unlessreauthorizedbyanactofthegeneralassembly;and
HB2319 45 52 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissectionshall
53automaticallysunsettwelveyearsaftertheeffectivedateofthereauthorizationofthissection;
54and
55 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately
56followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset.
57 7.Aftertheeffectivedateofthissection,thedepartmentofagricultureshall
58administerthetaxcreditprovidedunderthissection.
135.775.1.Asusedinthissection,thefollowingtermsmean:
2 (1)"Biodieselblend",ablendofdieselfuelandbiodieselfuelofatleastfivepercent
3andnotmorethantwentypercentforon-roadandoff-roaddiesel-fueledvehicleuse;
4 (2)"Biodieselfuel",arenewable,biodegradable,monoalkylestercombustibleliquid
5fuelthatisderivedfromagriculturalandotherplantoilsoranimalfatsandthatmeetsthe
6mostrecentversionoftheASTMInternationalD6751StandardSpecificationforBiodiesel
7FuelBlendStock.Afuelshallbedeemedtobebiodieselfuelifthefuelconsistsofapure
8B100orB99ratio.Biodieselproducedfrompalmoilisnotbiodieselfuelforthepurposesof
9thissectionunlessthepalmoiliscontainedwithinwasteoilandgreasecollectedwithinthe
10UnitedStates;
11 (3)"B99",ablendofninety-ninepercentbiodieselfuelthatmeetsthemostrecent
12versionoftheASTMInternationalD6751StandardSpecificationforBiodieselFuelBlend
13Stockwithaminimumofone-tenthofonepercentandmaximumofonepercentdieselfuel
14thatmeetsthemostrecentversionoftheASTMInternationalD975StandardSpecification
15forDieselFuel;
16 (4)"Department",theMissouridepartmentof[revenue] agriculture;
17 (5)"Distributor",aperson,firm,orcorporationdoingbusinessinthisstatethat:
18 (a)Produces,refines,blends,compounds,ormanufacturesmotorfuel;
19 (b)Importsmotorfuelintothestate;or
20 (c)Isengagedindistributionofmotorfuel;
21 (6)"Retaildealer",aperson,firm,orcorporationdoingbusinessinthisstatethat
22ownsoroperatesaretailservicestationinthisstate;
23 (7)"Retailservicestation",alocationinthisstatefromwhichbiodieselblendissold
24tothegeneralpublicandisdispenseddirectlyintomotorvehiclefueltanksforconsumption
25atretail.
26 2.ForalltaxyearsbeginningonorafterJanuary1,2023,aretaildealerthatsellsa
27biodieselblendataretailservicestationoradistributorthatsellsabiodieselblenddirectlyto
28thefinaluserlocatedinthisstateshallbeallowedataxcredittobetakenagainsttheretail
29dealerordistributor'sstateincometaxliability.Foranyretaildealerordistributorwithatax
30yearbeginningpriortoJanuary1,2023,butendingduringthe2023calendaryear,suchretail
HB2319 46 31dealerordistributorshallbeallowedataxcreditfortheamountofbiodieselblendsoldduring
32theportionofsuchtaxyearthatoccursduringthe2023calendaryear.Theamountofthe
33creditshallbeequalto:
34 (1)Twocentspergallonofbiodieselblendofatleastfivepercentbutnotmorethan
35tenpercentsoldbytheretaildealerataretailservicestationorbyadistributordirectlytothe
36finaluserlocatedinthisstateduringthetaxyearforwhichthetaxcreditisclaimed;and
37 (2)Fivecentspergallonofbiodieselblendinexcessoftenpercentbutnotmorethan
38twentypercentsoldbytheretaildealerataretailservicestationorbyadistributordirectlyto
39thefinaluserlocatedinthisstateduringthetaxyearforwhichthetaxcreditisclaimed.
40 3.Taxcreditsauthorizedunderthissectionshallnotbetransferred,sold,orassigned.
41Iftheamountofthetaxcreditexceedsthetaxpayer'sstatetaxliability,thedifferenceshallbe
42refundable.Thetotalamountoftaxcreditsissuedunderthissectionforanygivenfiscalyear
43shallnotexceedsixteenmilliondollars.
44 4.Intheeventthetotalamountoftaxcreditsclaimedunderthissectionexceedsthe
45amountofavailabletaxcredits,thetaxcreditsshallbeapportionedamongalleligibleretail
46dealersanddistributorsclaimingataxcreditbyAprilfifteenth,orasdirectedbysection
47143.851,ofthefiscalyearinwhichthetaxcreditisclaimed.
48 5.Thedepartmentshallprescribethemethodforsubmittingapplicationsfor
49claimingthetaxcreditallowedbythissection[shallbeclaimedbysuchtaxpayeratthetime
50suchtaxpayerfilesareturn] andsuchtaxcreditshallbeappliedagainsttheincometax
51liabilityimposedbychapter143,excludingthewithholdingtaximposedbysections143.191
52to143.265,afterreductionforallothercreditsallowedthereon.Thedepartmentmayrequire
53anydocumentationitdeemsnecessarytoadministertheprovisionsofthissection.
54 6.Notwithstandingtheprovisionsofsection32.057tothecontrary,thedepartment
55mayworkwiththedivisionofweightsandmeasureswithinthedepartmentofagricultureto
56validatethatthebiodieselblendaretaildealerordistributorclaimsforthetaxcredit
57authorizedunderthissectioncontainsasufficientpercentageofbiodieselfuel.
58 7.Thedepartmentofagricultureshallpromulgaterulestoimplementandadminister
59theprovisionsofthissection.Anyruleorportionofarule,asthattermisdefinedinsection
60536.010,thatiscreatedpursuanttotheauthoritydelegatedinthissectionshallbecome
61effectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter536and,if
62applicable,section536.028.Thissectionandchapter536arenonseverableandifanyofthe
63powersvestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe
64effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional,then
65thegrantofrulemakingauthorityandanyruleproposedoradoptedafterJanuary2,2023,
66shallbeinvalidandvoid.
67 8.Undersection23.253oftheMissourisunsetact:
HB2319 47 68 (1)Theprovisionsofthenewprogramauthorizedunderthissectionshall
69automaticallysunsetonDecember31,2028,unlessreauthorizedbyanactofthegeneral
70assembly;
71 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissectionshall
72automaticallysunsettwelveyearsaftertheeffectivedateofthereauthorizationofthissection;
73and
74 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately
75followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset.The
76terminationoftheprogramasdescribedinthissubsectionshallnotbeconstruedtopreclude
77anyqualifiedtaxpayerwhoclaimsanybenefitunderanyprogramthatissunsetunderthis
78subsectionfromclaimingsuchbenefitforallallowableactivitiesrelatedtosuchclaimthat
79werecompletedbeforetheprogramwassunsetortoeliminateanyresponsibilityofthe
80departmenttoverifythecontinuedeligibilityofqualifiedindividualsreceivingtaxcreditsand
81toenforceotherrequirementsoflawthatappliedbeforetheprogramwassunset.
82 9.Aftertheeffectivedateofthissection,thedepartmentofagricultureshall
83administerthetaxcreditprovidedunderthissection.
135.778.1.Forthepurposesofthissection,thefollowingtermsshallmean:
2 (1)"Biodieselfuel",arenewable,biodegradable,monoalkylestercombustibleliquid
3fuelthatisderivedfromagriculturalandotherplantoilsoranimalfatsandthatmeetsthe
4mostrecentversionoftheASTMInternationalD6751StandardSpecificationforBiodiesel
5FuelBlendStock.Afuelshallbedeemedtobebiodieselfuelifthefuelconsistsofapure
6B100orB99ratio.Biodieselproducedfrompalmoilisnotbiodieselfuelforthepurposesof
7thissectionunlessthepalmoiliscontainedwithinwasteoilandgreasecollectedwithinthe
8UnitedStates;
9 (2)"B99",ablendofninety-ninepercentbiodieselfuelthatmeetsthemostrecent
10versionoftheASTMInternationalD6751StandardSpecificationforBiodieselFuelBlend
11Stockwithaminimumofone-tenthofonepercentandmaximumofonepercentdieselfuel
12thatmeetsthemostrecentversionoftheASTMInternationalD975StandardSpecification
13forDieselFuel;
14 (3)"Department",theMissouridepartmentof[revenue] agriculture;
15 (4)"Missouribiodieselproducer",aperson,firm,orcorporationdoingbusinessin
16thisstatethatproducesbiodieselfuelinthisstate,isregisteredwiththeUnitedStates
17EnvironmentalProtectionAgencyaccordingtotherequirementsof40CFRPart79,andhas
18begunconstructiononsuchfacilityorhasbeensellingbiodieselfuelproducedatsuchfacility
19onorbeforeJanuary2,2023.
20 2.ForalltaxyearsbeginningonorafterJanuary1,2023,aMissouribiodiesel
21producershallbeallowedataxcredittobetakenagainsttheproducer'sstateincometax
HB2319 48 22liability.ForanyMissouribiodieselproducerwithataxyearbeginningpriortoJanuary1,
232023,butendingduringthe2023calendaryear,suchMissouribiodieselproducershallbe
24allowedataxcreditfortheamountofbiodieselfuelproducedduringtheportionofsuchtax
25yearthatoccursduringthe2023calendaryear.Theamountofthetaxcreditshallbetwo
26centspergallonofbiodieselfuelproducedbytheMissouribiodieselproducerduringthetax
27yearforwhichthetaxcreditisclaimed.
28 3.Taxcreditsauthorizedunderthissectionshallnotbetransferred,sold,orassigned.
29Iftheamountofthetaxcreditexceedsthetaxpayer'sstatetaxliability,thedifferenceshallbe
30refundable.Thetotalamountoftaxcreditsissuedunderthissectionforanygivenfiscalyear
31shallnotexceedfivemillionfivehundredthousanddollars,whichshallbeauthorizedona
32first-come,first-servedbasis.
33 4.Thedepartmentshallprescribethemethodforsubmittingapplicationsfor
34claimingthetaxcreditauthorizedunderthissection[shallbeclaimedbysuchtaxpayeratthe
35timesuchtaxpayerfilesareturn] andsuchtaxcreditshallbeappliedagainsttheincometax
36liabilityimposedbychapter143,excludingthewithholdingtaximposedbysections143.191
37to143.265,afterreductionforallothercreditsallowedthereon.Thedepartmentmayrequire
38anydocumentationitdeemsnecessarytoadministertheprovisionsofthissection.
39 5.Thedepartmentofagricultureshallpromulgaterulestoimplementandadminister
40theprovisionsofthissection.Anyruleorportionofarule,asthattermisdefinedinsection
41536.010,thatiscreatedpursuanttotheauthoritydelegatedinthissectionshallbecome
42effectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter536and,if
43applicable,section536.028.Thissectionandchapter536arenonseverableandifanyofthe
44powersvestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe
45effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional,then
46thegrantofrulemakingauthorityandanyruleproposedoradoptedafterJanuary2,2023,
47shallbeinvalidandvoid.
48 6.Undersection23.253oftheMissourisunsetact:
49 (1)Theprovisionsofthenewprogramauthorizedunderthissectionshall
50automaticallysunsetonDecember31,2028,unlessreauthorizedbyanactofthegeneral
51assembly;
52 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissectionshall
53automaticallysunsettwelveyearsaftertheeffectivedateofthereauthorizationofthissection;
54and
55 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately
56followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset.The
57terminationoftheprogramasdescribedinthissubsectionshallnotbeconstruedtopreclude
58anyqualifiedtaxpayerwhoclaimsanybenefitunderanyprogramthatissunsetunderthis
HB2319 49 59subsectionfromclaimingsuchbenefitforallallowableactivitiesrelatedtosuchclaimthat
60werecompletedbeforetheprogramwassunset,ortoeliminateanyresponsibilityofthe
61departmenttoverifythecontinuedeligibilityofqualifiedindividualsreceivingtaxcreditsand
62toenforceotherrequirementsoflawthatappliedbeforetheprogramwassunset.
63 7.Aftertheeffectivedateofthissection,thedepartmentofagricultureshall
64administerthetaxcreditprovidedunderthissection.
135.1125.1.Asusedinthissection,thefollowingtermsshallmean:
2 (1)"Certificate",ataxcreditcertificateissuedunderthissection;
3 (2)"Department",theMissouridepartmentofsocialservices;
4 (3)"Eligibledonation",adonationofcash,stock,bondsorothermarketable
5securities,orrealpropertymadetoaneligibleprovider;
6 (4)"Eligibleprovider",anorganizationthatprovidesfundingforunmethealth,
7hunger,andhygieneneedsofchildreninschool;
8 (5)"Taxpayer",aperson,firm,partnerinafirm,corporation,orashareholderinanS
9corporationdoingbusinessinthestateofMissouriandsubjecttothestateincometax
10imposedinchapter143,aninsurancecompanypayinganannualtaxonitsgrosspremium
11receiptsinthisstate,anyotherfinancialinstitutionpayingtaxestothestateofMissouriorany
12politicalsubdivisionofthisstateunderchapter148,oranycharitableorganizationwhichis
13exemptfromfederalincometaxandwhoseMissouriunrelatedbusinesstaxableincome,if
14any,wouldbesubjecttothestateincometaximposedunderchapter143.
15 2.Forall[taxable] taxyearsbeginningonorafterJanuary1,2019,anytaxpayershall
16beallowedacreditagainstthetaxesotherwisedueunderchapter143or148,excluding
17withholdingtaxundersections143.191to143.265,inanamountequaltofiftypercentofthe
18amountofaneligibledonation.Theamountofthetaxcreditclaimedshallnotexceedthe
19amountofthetaxpayer'sstateincometaxliabilityinthetaxyearforwhichthecreditis
20claimed.Anyamountofcreditthatthetaxpayerisprohibitedbythissectionfromclaimingin
21ataxyearshallnotberefundable,butmaybecarriedforwardtoanyofthetaxpayer'sfour
22subsequent[taxable] taxyears.
23 3.Toclaimthecreditauthorizedinthissection,aprovidermaysubmittothe
24departmentanapplicationforthetaxcreditauthorizedbythissectiononbehalfoftaxpayers.
25Thedepartmentshallverifythattheproviderhassubmittedthefollowingitemsaccurately
26andcompletely:
27 (1)Avalidapplicationintheformandformatrequiredbythedepartment;
28 (2)Astatementattestingtotheeligibledonationreceived,whichshallincludethe
29nameandtaxpayeridentificationnumberoftheindividualmakingtheeligibledonation,the
30amountoftheeligibledonation,andthedatetheeligibledonationwasreceivedbythe
31provider;and
HB2319 50 32 (3)Apaymentfromtheeligibleproviderinanamountequaltofiftypercentofthe
33eligibledonation.
34
35Iftheproviderapplyingforthetaxcreditmeetsallcriteriarequiredbythissubsection,the
36departmentshallissueacertificateintheappropriateamount.
37 4.Taxcreditsissuedunderthissectionmaybeassigned,transferred,sold,or
38otherwiseconveyed,andthenewownerofthetaxcreditshallhavethesamerightsinthe
39creditasthetaxpayer.Wheneveracertificateisassigned,transferred,sold,orotherwise
40conveyed,anotarizedendorsementshallbefiledwiththedepartmentspecifyingthename
41andaddressofthenewownerofthetaxcreditorthevalueofthecredit.
42 5.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
43amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
44totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
45highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
46fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
47 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
48thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
49allowedbasedontheorderinwhichtheyareclaimed.
50 [5.]6.Thedepartmentshallpromulgaterulestoimplementtheprovisionsofthis
51section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
52createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies
53withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.
54Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe
55generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto
56disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof
57rulemakingauthorityandanyruleproposedoradoptedafterAugust28,2018,shallbeinvalid
58andvoid.
59 [6.]7.Pursuanttosection23.253oftheMissourisunsetact:
60 (1)TheprovisionsofthissectionshallautomaticallysunsetsixyearsafterAugust28,
612018,unlessreauthorizedbyanactofthegeneralassembly;and
62 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissectionshall
63automaticallysunsettwelveyearsaftertheeffectivedateofthereauthorizationofthissection;
64and
65 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately
66followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset.
135.1150.1.Thissectionshallbeknownandmaybecitedasthe"Residential
2TreatmentAgencyTaxCreditAct".
HB2319 51 3 2.Asusedinthissection,thefollowingtermsmean:
4 (1)"Certificate",ataxcreditcertificateissuedunderthissection;
5 (2)"Department",theMissouridepartmentofsocialservices;
6 (3)"Eligibledonation",donationsreceivedfromataxpayerbyanagencythatare
7usedsolelytoprovidedirectcareservicestochildrenwhoareresidentsofthisstate.Eligible
8donationsmayincludecash,publiclytradedstocksandbonds,andrealestatethatwillbe
9valuedanddocumentedaccordingtorulespromulgatedbythedepartmentofsocialservices.
10Forpurposesofthissection,"directcareservices"includebutarenotlimitedtoincreasingthe
11qualityofcareandserviceforchildrenthroughimprovedemployeecompensationand
12training;
13 (4)"Qualifiedresidentialtreatmentagency"or"agency",aresidentialcarefacility
14thatislicensedundersection210.484,accreditedbytheCouncilonAccreditation(COA),the
15JointCommissiononAccreditationofHealthcareOrganizations(JCAHO),orthe
16CommissiononAccreditationofRehabilitationFacilities(CARF),andisundercontract
17withtheMissouridepartmentofsocialservicestoprovidetreatmentservicesforchildrenwho
18areresidentsorwardsofresidentsofthisstate,andthatreceiveseligibledonations.Any
19agencythatoperatesmorethanonefacilityoratmorethanonelocationshallbeeligiblefor
20thetaxcreditunderthissectiononlyforanyeligibledonationmadetofacilitiesorlocations
21oftheagencywhicharelicensedandaccredited;
22 (5)"Taxpayer",anyofthefollowingindividualsorentitieswhomakeaneligible
23donationtoanagency:
24 (a)Aperson,firm,partnerinafirm,corporation,orashareholderinanScorporation
25doingbusinessinthestateofMissouriandsubjecttothestateincometaximposedinchapter
26143;
27 (b)Acorporationsubjecttotheannualcorporationfranchisetaximposedinchapter
28147;
29 (c)Aninsurancecompanypayinganannualtaxonitsgrosspremiumreceiptsinthis
30state;
31 (d)AnyotherfinancialinstitutionpayingtaxestothestateofMissouriorany
32politicalsubdivisionofthisstateunderchapter148;
33 (e)Anindividualsubjecttothestateincometaximposedinchapter143;
34 (f)Anycharitableorganizationwhichisexemptfromfederalincometaxandwhose
35Missouriunrelatedbusinesstaxableincome,ifany,wouldbesubjecttothestateincometax
36imposedunderchapter143.
37 3.Forall[taxable] taxyearsbeginningonorafterJanuary1,2007,anytaxpayershall
38beallowedacreditagainstthetaxesotherwisedueunderchapter143,147,or148,excluding
39withholdingtaximposedbysections143.191to143.265,inanamountequaltofiftypercent
HB2319 52 40oftheamountofaneligibledonation,subjecttotherestrictionsinthissection.Theamount
41ofthetaxcreditclaimedshallnotexceedtheamountofthetaxpayer'sstateincometax
42liabilityinthetaxyearforwhichthecreditisclaimed.Anyamountofcreditthatthetaxpayer
43isprohibitedbythissectionfromclaiminginataxyearshallnotberefundable,butmaybe
44carriedforwardtoanyofthetaxpayer'sfoursubsequent[taxable] taxyears.
45 4.Toclaimthecreditauthorizedinthissection,anagencymaysubmittothe
46departmentanapplicationforthetaxcreditauthorizedbythissectiononbehalfoftaxpayers.
47Thedepartmentshallverifythattheagencyhassubmittedthefollowingitemsaccuratelyand
48completely:
49 (1)Avalidapplicationintheformandformatrequiredbythedepartment;
50 (2)Astatementattestingtotheeligibledonationreceived,whichshallincludethe
51nameandtaxpayeridentificationnumberoftheindividualmakingtheeligibledonation,the
52amountoftheeligibledonation,andthedatetheeligibledonationwasreceivedbythe
53agency;and
54 (3)Paymentfromtheagencyequaltothevalueofthetaxcreditforwhichapplication
55ismade.
56
57Iftheagencyapplyingforthetaxcreditmeetsallcriteriarequiredbythissubsection,the
58departmentshallissueacertificateintheappropriateamount.
59 5.Anagencymayapplyfortaxcreditsinanaggregateamountthatdoesnotexceed
60thepaymentsmadebythedepartmenttotheagencyintheprecedingtwelvemonths.
61 6.Taxcreditsissuedunderthissectionmaybeassigned,transferred,sold,or
62otherwiseconveyed,andthenewownerofthetaxcreditshallhavethesamerightsinthe
63creditasthetaxpayer.Wheneveracertificateisassigned,transferred,sold,orotherwise
64conveyed,anotarizedendorsementshallbefiledwiththedepartmentspecifyingthename
65andaddressofthenewownerofthetaxcreditorthevalueofthecredit.
66 7.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
67amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
68totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
69highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
70fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
71 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
72thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
73allowedbasedontheorderinwhichtheyareclaimed.
74 [7.]8.Thedepartmentshallpromulgaterulestoimplementtheprovisionsofthis
75section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
76createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies
HB2319 53 77withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.
78Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe
79generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto
80disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof
81rulemakingauthorityandanyruleproposedoradoptedafterAugust28,2006,shallbeinvalid
82andvoid.
83 9.Undersection23.253oftheMissourisunsetact:
84 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
85automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
86generalassembly;
87 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
88shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
89thereauthorizationofthissection;
90 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
91immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
92sectionissunset;and
93 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
94impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
95programauthorizedunderthissectionexpires.
135.1180.1.Thissectionshallbeknownandmaybecitedasthe"Developmental
2DisabilityCareProviderTaxCreditProgram".
3 2.Asusedinthissection,thefollowingtermsmean:
4 (1)"Certificate",ataxcreditcertificateissuedunderthissection;
5 (2)"Department",theMissouridepartmentofsocialservices;
6 (3)"Eligibledonation",donationsreceivedbyaproviderfromataxpayerthatare
7usedsolelytoprovidedirectcareservicestopersonswithdevelopmentaldisabilitieswhoare
8residentsofthisstate.Eligibledonationsmayincludecash,publiclytradedstocksandbonds,
9andrealestatethatwillbevaluedanddocumentedaccordingtorulespromulgatedbythe
10departmentofsocialservices.Forpurposesofthissection,"directcareservices"include,but
11arenotlimitedto,increasingthequalityofcareandserviceforpersonswithdevelopmental
12disabilitiesthroughimprovedemployeecompensationandtraining;
13 (4)"Qualifieddevelopmentaldisabilitycareprovider"or"provider",acareprovider
14thatprovidesassistancetopersonswithdevelopmentaldisabilities,andisaccreditedbythe
15CouncilonAccreditation(COA),theJointCommissiononAccreditationofHealthcare
16Organizations(JCAHO),ortheCommissiononAccreditationofRehabilitationFacilities
17(CARF),orisundercontractwiththeMissouridepartmentofsocialservicesordepartmentof
18mentalhealthtoprovidetreatmentservicesforsuchpersons,andthatreceiveseligible
HB2319 54 19donations.Anyproviderthatoperatesmorethanonefacilityoratmorethanonelocation
20shallbeeligibleforthetaxcreditunderthissectiononlyforanyeligibledonationmadeto
21facilitiesorlocationsoftheproviderwhicharelicensedoraccredited;
22 (5)"Taxpayer",anyofthefollowingindividualsorentitieswhomakeaneligible
23donationtoaprovider:
24 (a)Aperson,firm,partnerinafirm,corporation,orashareholderinanScorporation
25doingbusinessinthestateofMissouriandsubjecttothestateincometaximposedinchapter
26143;
27 (b)Acorporationsubjecttotheannualcorporationfranchisetaximposedinchapter
28147;
29 (c)Aninsurancecompanypayinganannualtaxonitsgrosspremiumreceiptsinthis
30state;
31 (d)AnyotherfinancialinstitutionpayingtaxestothestateofMissouriorany
32politicalsubdivisionofthisstateunderchapter148;
33 (e)Anindividualsubjecttothestateincometaximposedinchapter143;
34 (f)Anycharitableorganizationwhichisexemptfromfederalincometaxandwhose
35Missouriunrelatedbusinesstaxableincome,ifany,wouldbesubjecttothestateincometax
36imposedunderchapter143.
37 3.Forall[taxable] taxyearsbeginningonorafterJanuary1,2012,anytaxpayershall
38beallowedacreditagainstthetaxesotherwisedueunderchapter143,147,or148excluding
39withholdingtaximposedbysections143.191to143.265inanamountequaltofiftypercent
40oftheamountofaneligibledonation,subjecttotherestrictionsinthissection.Theamount
41ofthetaxcreditclaimedshallnotexceedtheamountofthetaxpayer'sstateincometax
42liabilityinthetaxyearforwhichthecreditisclaimed.Anyamountofcreditthatthetaxpayer
43isprohibitedbythissectionfromclaiminginataxyearshallnotberefundable,butmaybe
44carriedforwardtoanyofthetaxpayer'sfoursubsequent[taxable] taxyears.
45 4.Toclaimthecreditauthorizedinthissection,aprovidermaysubmittothe
46departmentanapplicationforthetaxcreditauthorizedbythissectiononbehalfoftaxpayers.
47Thedepartmentshallverifythattheproviderhassubmittedthefollowingitemsaccurately
48andcompletely:
49 (1)Avalidapplicationintheformandformatrequiredbythedepartment;
50 (2)Astatementattestingtotheeligibledonationreceived,whichshallincludethe
51nameandtaxpayeridentificationnumberoftheindividualmakingtheeligibledonation,the
52amountoftheeligibledonation,andthedatetheeligibledonationwasreceivedbythe
53provider;and
54 (3)Paymentfromtheproviderequaltothevalueofthetaxcreditforwhich
55applicationismade.
HB2319 55 56
57Iftheproviderapplyingforthetaxcreditmeetsallcriteriarequiredbythissubsection,the
58departmentshallissueacertificateintheappropriateamount.
59 5.Taxcreditsissuedunderthissectionmaybeassigned,transferred,sold,or
60otherwiseconveyed,andthenewownerofthetaxcreditshallhavethesamerightsinthe
61creditasthetaxpayer.Wheneveracertificateisassigned,transferred,sold,orotherwise
62conveyed,anotarizedendorsementshallbefiledwiththedepartmentspecifyingthename
63andaddressofthenewownerofthetaxcreditorthevalueofthecredit.
64 6.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
65amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
66totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
67highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
68fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
69 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
70thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
71allowedbasedontheorderinwhichtheyareclaimed.
72 [6.]7.Thedepartmentshallpromulgaterulestoimplementtheprovisionsofthis
73section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
74createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies
75withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.
76Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe
77generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto
78disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof
79rulemakingauthorityandanyruleproposedoradoptedafterAugust28,2012,shallbeinvalid
80andvoid.
81 8.Undersection23.253oftheMissourisunsetact:
82 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
83automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
84generalassembly;
85 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
86shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
87thereauthorizationofthissection;
88 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
89immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
90sectionissunset;and
HB2319 56 91 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
92impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
93programauthorizedunderthissectionexpires.
137.1018.1.Thecommissionshallascertainthestatewideaveragerateofproperty
2taxesleviedtheprecedingyear,baseduponthetotalassessedvaluationoftherailroadand
3streetrailwaycompaniesandthetotalpropertytaxesleviedupontherailroadandstreet
4railwaycompanies.Itshalldeterminetotalpropertytaxesleviedfromreportsprescribedby
5thecommissionfromtherailroadandstreetrailwaycompanies.Totaltaxesleviedshallnot
6includerevenuesfromthesurtaxonsubclassthreerealproperty.
7 2.Thecommissionshallreportitsdeterminationofaveragepropertytaxrateforthe
8precedingyear,togetherwiththetaxabledistributableassessedvaluationofeachfreightline
9companyforthecurrentyeartothedirectornolaterthanOctoberfirstofeachyear.
10 3.Taxesonpropertyofsuchfreightlinecompaniesshallbecollectedatthestatelevel
11bythedirectoronbehalfofthecountiesandotherlocalpublictaxingentitiesandshallbe
12distributedinaccordancewithsections137.1021and137.1024.Thedirectorshalltaxsuch
13propertybaseduponthedistributableassessedvaluationattributabletoMissouriofeach
14freightlinecompany,usingtheaveragetaxratefortheprecedingyearoftherailroadand
15streetrailwaycompaniescertifiedbythecommission.Suchtaxshallbedueandpayableon
16orbeforeDecemberthirty-firstoftheyearleviedand,ifitbecomesdelinquent,shallbe
17subjecttoapenaltyequaltothatspecifiedinsection140.100.
18 4.(1)Asusedinthissubsection,thefollowingtermsmean:
19 (a)"Eligibleexpenses",expensesincurredinthisstatetomanufacture,maintain,or
20improveafreightlinecompany'squalifiedrollingstock;
21 (b)"Qualifiedrollingstock",anyfreight,stock,refrigerator,orotherrailcarssubject
22tothetaxleviedunderthissection.
23 (2)Forall[taxable] taxyearsbeginningonorafterJanuary1,2009,afreightline
24companyshall,subjecttoappropriation,beallowedacreditagainstthetaxleviedunderthis
25sectionfortheapplicabletaxyear.Thetaxcreditamountshallbeequaltotheamountof
26eligibleexpensesincurredduringthecalendaryearimmediatelyprecedingthetaxyearfor
27whichthecreditunderthissectionisclaimed.Theamountofthetaxcreditissuedshallnot
28exceedthefreightlinecompany'sliabilityforthetaxleviedunderthissectionforthetaxyear
29forwhichthecreditisclaimed.
30 (3)Afreightlinecompanymayapplyforthecreditbysubmittingtothecommission
31anapplicationintheformprescribedbythestatetaxcommission.
32 (4)Subjecttoappropriation,thestateshallreimburse,onanannualbasis,any
33politicalsubdivisionofthisstateforanydecreaseinrevenueduetotheprovisionsofthis
34subsection.
HB2319 57 35 (5)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
36amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
37totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
38highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
39fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
40 (6)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
41thetotalcapdeterminedundersubdivision(5)ofthissubsection,taxcreditsshallbe
42allowedbasedontheorderinwhichtheyareclaimed.
43 5.Pursuanttosection23.253oftheMissourisunsetact:
44 (1)Theprogramauthorizedundersubsection4ofthissectionshallexpireonAugust
4528,2028;and
46 (2)Subsection4ofthissectionshallterminateonSeptember1,2029.
143.119.1.Aself-employedtaxpayer,assuchtermisusedinthefederalinternal
2revenuecode,whoisotherwiseineligibleforthefederalincometaxhealthinsurance
3deductionunderSection162ofthefederalinternalrevenuecodeshallbeentitledtoacredit
4againstthetaxotherwisedueunderthischapter,excludingwithholdingtaximposedby
5sections143.191to143.265,inanamountequaltotheportionofsuchtaxpayer'sfederaltax
6liabilityincurredduetosuchtaxpayer'sinclusionofsuchpaymentsinfederaladjustedgross
7income.Tobeeligibleforacreditunderthissection,theself-employedtaxpayershallhavea
8Missouriincometaxliability,beforeanyothertaxcredits,oflessthanthreethousanddollars.
9Thetaxcreditsauthorizedunderthissectionshallbenontransferable,nonrefundable,and
10shallnotbecarriedbackorforwardtoanyothertaxyear.Aself-employedtaxpayershallnot
11claimbothataxcreditunderthissectionandasubtractionundersection143.113forthesame
12taxyear.
13 2.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
14amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
15totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
16highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
17fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
18 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
19thetotalcapdeterminedundersubdivision(2)ofthissubsection,taxcreditsshallbe
20allowedbasedontheorderinwhichtheyareclaimed.
21 [2.]3.Thedirectorofthedepartmentofrevenueshallpromulgaterulesand
22regulationstoadministertheprovisionsofthissection.Anyruleorportionofarule,asthat
23termisdefinedinsection536.010,thatiscreatedundertheauthoritydelegatedinthissection
24shallbecomeeffectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsof
25chapter536and,ifapplicable,section536.028.Thissectionandchapter536are
HB2319 58 26nonseverableandifanyofthepowersvestedwiththegeneralassemblypursuanttochapter
27536toreview,todelaytheeffectivedate,ortodisapproveandannularulearesubsequently
28heldunconstitutional,thenthegrantofrulemakingauthorityandanyruleproposedor
29adoptedafterAugust28,2007,shallbeinvalidandvoid.
30 [3.]4.Pursuanttosection23.253oftheMissourisunsetact:
31 (1)TheprovisionsofthissectionshallsunsetautomaticallyonDecember31,2028,
32unlessreauthorizedbyanactofthegeneralassembly;and
33 (2)Ifsuchprogramisreauthorized,thissectionshallsunsetautomaticallyDecember
34thirty-firstsixyearsaftertheeffectivedateofthereauthorizationofthissection;and
35 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately
36followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset;and
37 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
38impairthedepartment'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
39programauthorizedpursuanttothissectionexpires,orataxpayer'sabilitytoredeemsuchtax
40credits.
143.177.1.Thissectionshallbeknownandmaybecitedasthe"MissouriWorking
2FamilyTaxCreditAct".
3 2.Forpurposesofthissection,thefollowingtermsshallmean:
4 (1)"Department",thedepartmentofrevenue;
5 (2)"Eligibletaxpayer",aresidentindividualwithafilingstatusofsingle,headof
6household,widowed,ormarriedfilingcombinedwhoissubjecttothetaximposedunderthis
7chapter,excludingwithholdingtaximposedundersections143.191to143.265,andwhois
8allowedafederalearnedincometaxcreditunder26U.S.C.Section32,asamended;
9 (3)"Taxcredit",acreditagainstthetaxotherwisedueunderthischapter,excluding
10withholdingtaximposedundersections143.191to143.265.
11 3.(1)Beginningwiththe2023calendaryear,aneligibletaxpayershallbealloweda
12taxcreditinanamountequaltoapercentageoftheamountsuchtaxpayerwouldreceive
13underthefederalearnedincometaxcreditassuchcreditexistedunder26U.S.C.Section32
14asofJanuary1,2021,asprovidedpursuanttosubdivision(2)ofthissubsection.Thetax
15creditallowedbythissectionshallbeclaimedbysuchtaxpayeratthetimesuchtaxpayerfiles
16areturnandshallbeappliedagainsttheincometaxliabilityimposedbythischapterafter
17reductionforallothercreditsallowedthereon.Iftheamountofthecreditexceedsthetax
18liability,thedifferenceshallnotberefundedtothetaxpayerandshallnotbecarriedforward
19toanysubsequenttaxyear.
20 (2)Subjecttotheprovisionsofsubdivision(3)ofthissubsection,thepercentageof
21thefederalearnedincometaxcredittobeallowedasataxcreditpursuanttosubdivision(1)
22ofthissubsectionshallbetenpercent,whichmaybeincreasedtotwentypercentsubjectto
HB2319 59 23theprovisionsofsubdivision(3)ofthissubsection.Themaximumpercentagethatmaybe
24claimedasataxcreditpursuanttothissectionshallbetwentypercentofthefederalearned
25incometaxcreditthatmaybeclaimedbysuchtaxpayer.Anyincreaseinthepercentagethat
26maybeclaimedasataxcreditshalltakeeffectonJanuaryfirstofacalendaryearandsuch
27percentageshallcontinueineffectuntilthenextpercentageincreaseoccurs.Anincrease
28shallonlyapplytotaxyearsthatbeginonoraftertheincreasetakeseffect.
29 (3)Theinitialpercentagetobeclaimedasataxcreditandanyincreaseinthe
30percentagethatmaybeclaimedpursuanttosubdivision(2)ofthissubsectionshallonlyoccur
31iftheamountofnetgeneralrevenuecollectedinthepreviousfiscalyearexceedsthehighest
32amountofnetgeneralrevenuecollectedinanyofthethreefiscalyearspriortosuchfiscal
33yearbyatleastonehundredfiftymilliondollars.
34 (4)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
35amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
36totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
37highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
38fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
39 (5)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
40thetotalcapdeterminedundersubdivision(4)ofthissubsection,taxcreditsshallbe
41allowedbasedontheorderinwhichtheyareclaimed.
42 4.Notwithstandingtheprovisionsofsection32.057tothecontrary,thedepartment
43shalldeterminewhetheranytaxpayerfilingareportorreturnwiththedepartmentwhodidnot
44applyforthecreditauthorizedunderthissectionmayqualifyforthecreditand,ifso,
45determinesataxpayermayqualifyforthecredit,shallnotifysuchtaxpayerofhisorher
46potentialeligibility.Inmakingadeterminationofeligibilityunderthissection,the
47departmentshalluseanyappropriateandavailabledataincluding,butnotlimitedto,data
48availablefromtheInternalRevenueService,theU.S.DepartmentofTreasury,andstate
49incometaxreturnsfromprevioustaxyears.
50 5.Thedepartmentshallprepareanannualreportcontainingstatisticalinformation
51regardingthetaxcreditsissuedunderthissectionfortheprevioustaxyear,includingthetotal
52amountofrevenueexpended,thenumberofcreditsclaimed,andtheaveragevalueofthe
53creditsissuedtotaxpayerswhoseearnedincomefallswithinvariousincomeranges
54determinedbythedepartment.
55 6.Thedirectorofthedepartmentmaypromulgaterulesandregulationstoadminister
56theprovisionsofthissection.Anyruleorportionofarule,asthattermisdefinedinsection
57536.010,thatiscreatedundertheauthoritydelegatedinthissectionshallbecomeeffective
58onlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,
59section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers
HB2319 60 60vestedwiththegeneralassemblypursuanttochapter536toreview,todelaytheeffective
61date,ortodisapproveandannularulearesubsequentlyheldunconstitutional,thenthegrant
62ofrulemakingauthorityandanyruleproposedoradoptedafterJanuary1,2023,shallbe
63invalidandvoid.
64 7.Taxcreditsauthorizedunderthissectionshallnotbesubjecttotherequirementsof
65sections135.800to135.830.
66 8.Undersection23.253oftheMissourisunsetact:
67 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
68automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
69generalassembly;
70 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
71shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
72thereauthorizationofthissection;
73 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
74immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
75sectionissunset;and
76 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
77impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
78programauthorizedunderthissectionexpires.
143.471.1.AnScorporation,asdefinedbySection1361(a)(1)oftheInternal
2RevenueCode,shallnotbesubjecttothetaxesimposedbysection143.071,orothersections
3imposingincometaxoncorporations.
4 2.AshareholderofanScorporationshalldeterminesuchshareholder'sScorporation
5modificationandproratashare,includingitscharacter,byapplyingthefollowing:
6 (1)Anymodificationdescribedinsections143.121and143.141whichrelatestoan
7itemofScorporationincome,gain,loss,ordeductionshallbemadeinaccordancewiththe
8shareholder'sproratashare,forfederalincometaxpurposes,oftheitemtowhichthe
9modificationrelates.Whereashareholder'sproratashareofanysuchitemisnotrequiredto
10betakenintoaccountseparatelyforfederalincometaxpurposes,theshareholder'sprorata
11shareofsuchitemshallbedeterminedinaccordancewithhisproratashare,forfederal
12incometaxpurposes,ofScorporationtaxableincomeorlossgenerally;
13 (2)EachitemofScorporationincome,gain,loss,ordeductionshallhavethesame
14characterforashareholderpursuanttosections143.005to143.998asithasforfederal
15incometaxpurposes.Whereanitemisnotcharacterizedforfederalincometaxpurposes,it
16shallhavethesamecharacterforashareholderasifrealizeddirectlyfromthesourcefrom
17whichrealizedbytheScorporationorincurredinthesamemannerasincurredbytheS
18corporation.
HB2319 61 19 3.AnonresidentshareholderofanScorporationshalldeterminesuchshareholder's
20Missourinonresidentadjustedgrossincomeandhisorhernonresidentshareholder
21modificationbyapplyingtheprovisionsofthissubsection.Itemsshallbedeterminedto
22befromsourceswithinthisstatepursuanttoregulationsofthedirectorofrevenueinamanner
23consistentwiththedivisionofincomeprovisionsofsection143.451,section143.461,or
24section32.200(MultistateTaxCompact).Indeterminingtheadjustedgrossincomeofa
25nonresidentshareholderofanyScorporation,thereshallbeincludedonlythatpartderived
26fromorconnectedwithsourcesinthisstateoftheshareholder'sproratashareofitemsofS
27corporationincome,gain,lossordeductionenteringintoshareholder'sfederaladjustedgross
28income,assuchpartisdeterminedpursuanttoregulationsprescribedbythedirectorof
29revenueinaccordancewiththegeneralrulesinsection143.181.Anymodificationdescribed
30insubsections2and3ofsection143.121andinsection143.141,whichrelatestoanitemofS
31corporationincome,gain,loss,ordeductionshallbemadeinaccordancewiththe
32shareholder'sproratashare,forfederalincometaxpurposes,oftheitemtowhichthe
33modificationrelates,butlimitedtotheportionofsuchitemderivedfromorconnectedwith
34sourcesinthisstate.
35 4.Notwithstandingsubsection3ofthissectiontothecontrary,foralltaxyears
36beginningonorafterJanuary1,2020,theitemsreferredtointhatsubsectionshallbe
37determinedtobefromsourceswithinthisstatepursuanttoregulationsofthedirectorof
38revenueinamannerconsistentwiththedivisionofincomeprovisionsofsection143.455and
39section143.461.
40 5.ThedirectorofrevenueshallpermitScorporationstofilecompositereturnsandto
41makecompositepaymentsoftaxonbehalfofitsnonresidentshareholdersnototherwise
42requiredtofileareturn.Ifthenonresidentshareholder'sfilingrequirementsresultsolely
43fromoneormoreinterestsinanyotherpartnershipsorsubchapterScorporations,that
44nonresidentshareholdermaybeincludedinthecompositereturn.
45 6.IfanScorporationpaysorcreditsamountstoanyofitsnonresidentindividual
46shareholdersasdividendsorastheirshareoftheScorporation'sundistributedtaxableincome
47forthe[taxable] taxyear,theScorporationshalleithertimelyfilewiththedepartmentof
48revenueanagreementasprovidedinsubsection7ofthissectionorwithholdMissouriincome
49taxasprovidedinsubsection8ofthissection.AnScorporationthattimelyfilesan
50agreementasprovidedinsubsection7ofthissectionwithrespecttoanonresident
51shareholderfora[taxable] taxyearshallbeconsideredtohavetimelyfiledsuchan
52agreementforeachsubsequent[taxable] taxyear.AnScorporationthatdoesnottimelyfile
53suchanagreementfora[taxable] taxyearshallnotbeprecludedfromtimelyfilingsuchan
54agreementforsubsequent[taxable] taxyears.AnScorporationisnotrequiredtodeductand
55withholdMissouriincometaxforanonresidentshareholderif:
HB2319 62 56 (1)Thenonresidentshareholdernototherwiserequiredtofileareturnagreestohave
57theMissouriincometaxduepaidaspartoftheScorporation'scompositereturn;
58 (2)ThenonresidentshareholdernototherwiserequiredtofileareturnhadMissouri
59assignablefederaladjustedgrossincomefromtheScorporationoflessthantwelvehundred
60dollars;
61 (3)TheScorporationisliquidatedorterminated;
62 (4)Incomewasgeneratedbyatransactionrelatedtoterminationorliquidation;or
63 (5)Nocashorotherpropertywasdistributedinthecurrentandprior[taxable] tax
64year.
65 7.Theagreementreferredtoinsubdivision(1)ofsubsection6ofthissectionisan
66agreementofanonresidentshareholderoftheScorporationto:
67 (1)Fileareturninaccordancewiththeprovisionsofsection143.481andtomake
68timelypaymentofalltaxesimposedontheshareholderbythisstatewithrespecttoincomeof
69theScorporation;and
70 (2)Besubjecttopersonaljurisdictioninthisstateforpurposesofthecollectionof
71incometaxes,togetherwithrelatedinterestandpenalties,imposedontheshareholderbythis
72statewithrespecttotheincomeoftheScorporation.
73
74Theagreementwillbeconsideredtimelyfiledfora[taxable] taxyear,andforallsubsequent
75[taxable] taxyears,ifitisfiledatorbeforethetimetheannualreturnforsuch[taxable] tax
76yearisrequiredtobefiledpursuanttosection143.511.
77 8.TheamountofMissouriincometaxtobewithheldisdeterminedbymultiplying
78theamountofdividendsorundistributedincomeallocabletoMissourithatispaidorcredited
79toanonresidentshareholderduringthe[taxable] taxyearbythehighestrateusedto
80determineaMissouriincometaxliabilityforanindividual,exceptthattheamountofthetax
81withheldmaybedeterminedbasedonwithholdingtablesprovidedbythedirectorofrevenue
82iftheshareholdersubmitsaMissouriwithholdingallowancecertificate.
83 9.AnScorporationshallbeentitledtorecoverforashareholderonwhosebehalfa
84taxpaymentwasmadepursuanttothissection,ifsuchshareholderhasnotaxliability.
85 10.WithrespecttoScorporationsthatarebanksorbankholdingcompanies,apro
86ratashareofthetaxcreditforthetaxpayablepursuanttochapter148shallbeallowedagainst
87eachScorporationshareholders'stateincometaxasfollows,providedthebankotherwise
88complieswithsection148.112:
89 (1)Thecreditallowedbythissubsectionshallbeequaltothebanktaxcalculated
90pursuanttochapter148basedonbankincomein1999andafter,onabankthatmakesan
91electionpursuantto26U.S.C.Section1362,andsuchcreditshallbeallocatedtothe
92qualifyingshareholderaccordingtostockownership,determinedbymultiplyingafraction,
HB2319 63 93wherethenumeratoristheshareholder'sstock,andthedenominatoristhetotalstockissued
94bysuchbankorbankholdingcompany;
95 (2)Thetaxcreditauthorizedinthissubsectionshallbepermittedonlytothe
96shareholdersthatqualifyasScorporationshareholders,providedthestockatalltimesduring
97thetaxableperiodqualifiesasScorporationstockasdefinedin26U.S.C.Section1361,and
98suchstockisheldbytheshareholderduringthetaxableperiod.Thecreditcreatedbythis
99sectiononayearlybasisisavailabletoeachqualifyingshareholder,includingshareholders
100filingjointreturns.Abankholdingcompanyisnotallowedthiscredit,exceptthat,such
101creditshallflowthroughtosuchbankholdingcompany'squalifiedshareholders,andbe
102allocatedtosuchshareholdersunderthesameconditions;and
103 (3)Intheeventsuchshareholdercannotuseallorpartofthetaxcreditinthetaxable
104periodofreceipt,suchshareholdermaycarryforwardsuchtaxcreditforaperiodofthelesser
105offiveyearsoruntilused,providedsuchcreditsareusedassoonasthetaxpayerhasMissouri
106taxableincome.
107 11.WithrespecttoScorporationsthatareassociations,aproratashareofthetax
108creditforthetaxpayableunderchapter148shallbeallowedagainsteachScorporation
109shareholders'stateincometaxasfollows,providedtheassociationotherwisecomplieswith
110section148.655:
111 (1)Thecreditallowedbythissubsectionshallbeequaltothesavingsandloan
112associationtaxcalculatedunderchapter148basedonthecomputationsprovidedinsection
113148.630onanassociationthatmakesanelectionunder26U.S.C.Section1362,andsuch
114creditshallbeallocatedtothequalifyingshareholderaccordingtostockownership,
115determinedbymultiplyingafraction,wherethenumeratoristheshareholder'sstock,andthe
116denominatoristhetotalstockissuedbytheassociation;
117 (2)Thetaxcreditauthorizedinthissubsectionshallbepermittedonlytothe
118shareholdersthatqualifyasScorporationshareholders,providedthestockatalltimesduring
119thetaxableperiodqualifiesasScorporationstockasdefinedin26U.S.C.Section1361,and
120suchstockisheldbytheshareholderduringthetaxableperiod.Thecreditcreatedbythis
121sectiononayearlybasisisavailabletoeachqualifyingshareholder,includingshareholders
122filingjointreturns.Asavingsandloanassociationholdingcompanyisnotallowedthis
123credit,exceptthat,suchcreditshallflowthroughtosuchsavingsandloanassociationholding
124company'squalifiedshareholders,andbeallocatedtosuchshareholdersunderthesame
125conditions;and
126 (3)Intheeventsuchshareholdercannotuseallorpartofthetaxcreditinthetaxable
127periodofreceipt,suchshareholdermaycarryforwardsuchtaxcreditforaperiodofthelesser
128offiveyearsoruntilused,providedsuchcreditsareusedassoonasthetaxpayerhasMissouri
129taxableincome.
HB2319 64 130 12.WithrespecttoScorporationsthatarecreditinstitutions,aproratashareofthe
131taxcreditforthetaxpayableunderchapter148shallbeallowedagainsteachScorporation
132shareholders'stateincometaxasfollows,providedthecreditinstitutionotherwisecomplies
133withsection148.657:
134 (1)Thecreditallowedbythissubsectionshallbeequaltothecreditinstitutiontax
135calculatedunderchapter148basedonthecomputationsprovidedinsection148.150ona
136creditinstitutionthatmakesanelectionunder26U.S.C.Section1362,andsuchcreditshall
137beallocatedtothequalifyingshareholderaccordingtostockownership,determinedby
138multiplyingafraction,wherethenumeratoristheshareholder'sstock,andthedenominatoris
139thetotalstockissuedbysuchcreditinstitution;
140 (2)Thetaxcreditauthorizedinthissubsectionshallbepermittedonlytothe
141shareholdersthatqualifyasScorporationshareholders,providedthestockatalltimesduring
142thetaxableperiodqualifiesasScorporationstockasdefinedin26U.S.C.Section1361,and
143suchstockisheldbytheshareholderduringthetaxableperiod.Thecreditcreatedbythis
144sectiononayearlybasisisavailabletoeachqualifyingshareholder,includingshareholders
145filingjointreturns.Acreditinstitutionholdingcompanyisnotallowedthiscredit,except
146that,suchcreditshallflowthroughtosuchcreditinstitutionholdingcompany'squalified
147shareholders,andbeallocatedtosuchshareholdersunderthesameconditions;and
148 (3)Intheeventsuchshareholdercannotuseallorpartofthetaxcreditinthetaxable
149periodofreceipt,suchshareholdermaycarryforwardsuchtaxcreditforaperiodofthelesser
150offiveyearsoruntilused,providedsuchcreditsareusedassoonasthetaxpayerhasMissouri
151taxableincome.
152 13.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
153amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
154totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
155highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
156fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
157 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
158thetotalcapdeterminedundersubdivision(1)ofthissubsection,taxcreditsshallbe
159allowedbasedontheorderinwhichtheyareclaimed.
160 14.Undersection23.253oftheMissourisunsetact:
161 (1)Theprovisionsofthetaxcreditprogramsauthorizedundersubsections10,
16211,and12ofthissectionshallautomaticallysunsetonDecember31,2030,unless
163reauthorizedbyanactofthegeneralassembly;
164 (2)Ifsuchprogramsarereauthorized,thetaxcreditprogramsauthorizedunder
165subsections10,11,and12ofthissectionshallautomaticallysunsetonDecemberthirty-
166first,sixyearsaftertheeffectivedateofthereauthorizationofthissection;
HB2319 65 167 (3)Theprovisionsofthetaxcreditprogramsauthorizedundersubsections10,
16811,and12ofthissectionshallterminateonSeptemberfirstofthecalendaryear
169immediatelyfollowingthecalendaryearinwhichtheprogramsauthorizedunder
170subsections10,11,and12ofthissectionaresunset;and
171 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
172impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
173programsauthorizedunderthissectionexpire.
148.030.1.Everybankinginstitutionshallbesubjecttoanannualtaxforthe
2privilegeofexercisingitscorporatefranchiseswithinthestatedeterminedinaccordancewith
3subsection2ofthissection.
4 2.Theannualfranchisetaximposedbysubsection1ofthissectionshallbethesum
5oftheamountsdeterminedundersubdivisions(1)and(2)ofthissubsection:
6 (1)For[taxable] taxyearsbeginningafterDecember31,1986,theamount
7determinedunderthissubdivisionshallbedeterminedinaccordancewithsection147.010;
8 (2)Theamountdeterminedunderthissubdivisionshallbesevenpercentofthe
9taxpayer'snetincomefortheincomeperiod,fromwhichproductshallbesubtractedthesum
10oftheamountdeterminedundersubdivision(1)ofthissubsectionandthecreditsallowable
11undersubsection3ofthissection.However,theamountdeterminedunderthissubdivision
12shallnotbelessthanzero.
13 3.Forpurposesofsubdivision(2)ofsubsection2ofthissection,theallowablecredits
14arealltaxespaidtothestateofMissourioranypoliticalsubdivisionthereofduringthe
15relevantincomeperiod,including,withoutlimitation,stateandlocalsalesandusetaxespaid
16toseller's,vendors,orthestateofMissouriwithrespecttothetaxpayer'spurchasesof
17tangiblepersonalpropertyandtheservicesenumeratedinchapter144.However,ataxpayer
18shallnotbeentitledtocreditsfortaxesonrealestateandtangiblepersonalpropertyownedby
19thetaxpayerandheldforleaseorrentaltoothers,contributionspaidpursuanttothe
20unemploymentcompensationtaxlawofMissouri,taxesimposedbythislaw,taxesimposed
21underchapter147for[taxable] taxyearsafter1985,orstateandlocalsalesandusetaxes
22collectedbythetaxpayeronitssalesoftangiblepersonalpropertyandtheservices
23enumeratedinchapter144.
24 4.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
25amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
26totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
27highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
28fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
HB2319 66 29 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
30thetotalcapdeterminedundersubdivision(1)ofthissubsection,taxcreditsshallbe
31allowedbasedontheorderinwhichtheyareclaimed.
32 5.Undersection23.253oftheMissourisunsetact:
33 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
34automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
35generalassembly;
36 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
37shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
38thereauthorizationofthissection;
39 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
40immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
41sectionissunset;and
42 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
43impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
44programauthorizedunderthissectionexpires.
192.2015.1.Anyregisteredcaregiverwhomeetstherequirementsofthissection
2shallbeeligibleforasharedcaretaxcreditinanamountnottoexceedfivehundreddollarsto
3defraythecostofcaringforanelderlyperson.Inordertobeeligibleforasharedcaretax
4credit,aregisteredcaregivershall:
5 (1)Careforanelderlyperson,agesixtyorolder,who:
6 (a)Isphysicallyormentallyincapableoflivingalone,asdeterminedandcertifiedby
7hisorherphysicianlicensedpursuanttochapter334,orbythedepartmentstaffwhenan
8assessmenthasbeencompletedforthepurposeofqualificationforotherservices;and
9 (b)Requiresassistancewithactivitiesofdailylivingtotheextentthatwithoutcare
10andoversightathomewouldrequireplacementinafacilitylicensedpursuanttochapter198;
11and
12 (c)Undernocircumstances,isableorallowedtooperateamotorvehicle;and
13 (d)DoesnotreceivefundingorservicesthroughMedicaidorsocialservicesblock
14grantfunding;
15 (2)Liveinthesameresidencetogiveprotectiveoversightfortheelderlyperson
16meetingtherequirementsdescribedinsubdivision(1)ofthissubsectionforanaggregateof
17morethansixmonthspertaxyear;
18 (3)Notreceivemonetarycompensationforprovidingcarefortheelderlyperson
19meetingtherequirementsdescribedinsubdivision(1)ofthissubsection;and
20 (4)Filetheoriginalcompletedandsignedphysiciancertificationforsharedcaretax
21creditformortheoriginalcompletedandsigneddepartmentcertificationforsharedcaretax
HB2319 67 22creditformprovidedforinsubsection2ofsection192.2010alongwithsuchcaregiver's
23Missouriindividualincometaxreturntothedepartmentofrevenue.
24 2.Thetaxcreditallowedbythissectionshallapplytoanyyearbeginningafter
25December31,1999.
26 3.(1)ForalltaxyearsbeginningonorafterJanuary1,2025,thecumulative
27amountoftaxcreditsallowedtoalltaxpayersunderthissectionshallnotexceedthe
28totalcapamountwhichshallbeanamountequaltotwentypercentgreaterthanthe
29highestannualamountoftaxcreditsredeemedinanyonepreviousfiscalyear,from
30fiscalyear2018tofiscalyear2024,asdeterminedandcalculatedbythedepartment.
31 (2)Iftheamountoftaxcreditsclaimedinataxyearunderthissectionexceeds
32thetotalcapdeterminedundersubdivision(1)ofthissubsection,taxcreditsshallbe
33allowedbasedontheorderinwhichtheyareclaimed.
34 [3.]4.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis
35createdundertheauthoritydelegatedinsections192.2000to192.2020shallbecomeeffective
36onlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,
37section536.028.AllrulemakingauthoritydelegatedpriortoAugust28,1999,isofnoforce
38andeffectandrepealed.Nothinginthissectionshallbeinterpretedtorepealoraffectthe
39validityofanyrulefiledoradoptedpriortoAugust28,1999,ifitfullycompliedwithall
40applicableprovisionsoflaw.Thissectionandchapter536arenonseverableandifanyofthe
41powersvestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe
42effectivedateortodisapproveandannularulearesubsequentlyheldunconstitutional,then
43thegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust28,1999,
44shallbeinvalidandvoid.
45 [4.]5.Anypersonwhoknowinglyfalsifiesanydocumentrequiredforthesharedcare
46taxcreditshallbesubjecttothesamepenaltiesforfalsifyingothertaxdocumentsasprovided
47inchapter143.
48 6.Undersection23.253oftheMissourisunsetact:
49 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
50automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
51generalassembly;
52 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
53shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
54thereauthorizationofthissection;
55 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
56immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
57sectionissunset;and
HB2319 68 58 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
59impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
60programauthorizedunderthissectionexpires.
208.770.1.Moneysdepositedinorwithdrawnpursuanttosubsection1ofsection
2208.760fromafamilydevelopmentaccountbyanaccountholderareexemptedfromtaxation
3pursuanttochapter143,excludingwithholdingtaximposedbysections143.191to143.265,
4andchapter147,148or153provided,however,thatanymoneywithdrawnforanunapproved
5useshouldbesubjecttotaxasrequiredbylaw.
6 2.Interestearnedbyafamilydevelopmentaccountisexemptedfromtaxation
7pursuanttochapter143.
8 3.Anyfundsinafamilydevelopmentaccount,includingaccruedinterest,shallbe
9disregardedwhendeterminingeligibilitytoreceive,ortheamountof,anypublicassistanceor
10benefits.
11 4.Aprogramcontributorshallbeallowedacreditagainstthetaximposedbychapter
12143,excludingwithholdingtaximposedbysections143.191to143.265,andchapter147,
13148or153,pursuanttosections208.750to208.775.Contributionsuptofiftythousand
14dollarsperprogramcontributorareeligibleforthetaxcreditwhichshallnotexceedfifty
15percentofthecontributionamount.
16 5.Thedepartmentofeconomicdevelopmentshallverifyalltaxcreditclaimsby
17contributors.Theadministratorofthecommunity-basedorganization,withthecooperation
18oftheparticipatingfinancialinstitutions,shallsubmitthenamesofcontributorsandthetotal
19amounteachcontributorcontributestoafamilydevelopmentaccountreservefundforthe
20calendaryear.Thedirectorshalldeterminethedatebywhichsuchinformationshallbe
21submittedtothedepartmentbythelocaladministrator.Thedepartmentshallsubmit
22verificationofqualifiedtaxcreditspursuanttosections208.750to208.775tothedepartment
23ofrevenue.
24 6.ForallfiscalyearsendingonorbeforeJune30,2010,thetotaltaxcredits
25authorizedpursuanttosections208.750to208.775shallnotexceedfourmilliondollarsin
26anyfiscalyear.ForallfiscalyearsbeginningonorafterJuly1,2010,thetotaltaxcredits
27authorizedundersections208.750to208.775shallnotexceedthreehundredthousanddollars
28inanyfiscalyear.
29 7.Undersection23.253oftheMissourisunsetact:
30 (1)Theprovisionsofthetaxcreditprogramauthorizedunderthissectionshall
31automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthegeneral
32assembly;
HB2319 69 33 (2)Ifsuchtaxcreditprogramisreauthorized,theprogramauthorizedunder
34thissectionshallautomaticallysunsetonDecemberthirty-first,sixyearsafterthe
35effectivedateofthereauthorizationofthissection;
36 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
37immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
38sectionissunset;and
39 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
40impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
41programauthorizedunderthissectionexpires.
348.505.1.Asusedinthissection,"statetaxliability"[,] meansanystatetaxliability
2incurredbyataxpayerundertheprovisionsofchapters143,147,and148,exclusiveofthe
3provisionsrelatingtothewithholdingoftaxasprovidedforinsections143.191to143.265
4andrelatedprovisions.
5 2.Anyeligiblelenderunderthefamilyfarmlivestockloanprogramundersection
6348.500shallbeentitledtoreceiveataxcreditequaltoonehundredpercentoftheamountof
7interestwaivedbythelenderundersection348.500onaqualifyingloanforthefirstyearof
8theloanonly.Thetaxcreditshallbeevidencedbyataxcreditcertificateissuedbythe
9agriculturalandsmallbusinessdevelopmentauthorityandmaybeusedtosatisfythestatetax
10liabilityoftheownerofsuchcertificatethatbecomesdueinthetaxyearinwhichtheinterest
11onaqualifiedloaniswaivedbythelenderundersection348.500.Nolendermayreceivea
12taxcreditunderthissectionunlesssuchpersonpresentsataxcreditcertificatetothe
13departmentofrevenueforpaymentofsuchstatetaxliability.Theamountofthetaxcredits
14thatmaybeissuedtoalleligiblelendersclaimingtaxcreditsauthorizedinthissectionina
15fiscalyearshallnotexceedthreehundredthousanddollars.
16 3.Theagriculturalandsmallbusinessdevelopmentauthorityshallberesponsiblefor
17theadministrationandissuanceofthecertificateoftaxcreditsauthorizedbythissection.The
18authorityshallissueacertificateoftaxcreditattherequestofanylender.Eachrequestshall
19includeatruecopyoftheloandocuments,thenameofthelenderwhoistoreceivea
20certificateoftaxcredit,thetypeofstatetaxliabilityagainstwhichthetaxcreditistobeused,
21andtheamountofthecertificateoftaxcredittobeissuedtothelenderbasedontheinterest
22waivedbythelenderundersection348.500ontheloanforthefirstyear.
23 4.TheMissouridepartmentofrevenueshallacceptacertificateoftaxcreditinlieuof
24otherpaymentinsuchamountasisequaltothelesseroftheamountofthetaxorthe
25remainingunusedamountofthecreditasindicatedonthecertificateoftaxcredit,andshall
26indicateonthecertificateoftaxcredittheamountoftaxtherebypaidandthedateofsuch
27payment.
28 5.Thefollowingprovisionsshallapplytotaxcreditsauthorizedunderthissection:
HB2319 70 29 (1)Taxcreditsclaimedina[taxable] taxyearmaybeclaimedonaquarterlybasis
30andappliedtotheestimatedquarterlytaxofthelender;
31 (2)Anyamountoftaxcreditwhichexceedsthetaxdue,includinganyestimated
32quarterlytaxespaidbythelenderundersubdivision(1)ofthissubsectionwhichresultsinan
33overpaymentoftaxesfora[taxable] taxyear,shallnotberefundedbutmaybecarriedoverto
34anysubsequent[taxable] taxyear,nottoexceedatotalofthreeyearsforwhichataxcredit
35maybetakenforaqualifiedfamilyfarmlivestockloan;
36 (3)Notwithstandinganyprovisionoflawtothecontrary,alendermayassign,
37transferorselltaxcreditsauthorizedunderthissection,withthenewownerofthetaxcredit
38receivingthesamerightsinthetaxcreditasthelender.Foranytaxcreditsassigned,
39transferred,sold,orotherwiseconveyed,anotarizedendorsementshallbefiledbythelender
40withtheauthorityspecifyingthenameandaddressofthenewownerofthetaxcreditandthe
41valueofsuchtaxcredit;and
42 (4)Notwithstandinganyotherprovisionofthissectiontothecontrary,any
43commercialbankmayusetaxcreditscreatedunderthissectionasprovidedinsection
44148.064andreceiveanettaxcreditagainsttaxesactuallypaidintheamountofthefirstyear's
45interestonloansmadeunderthissection.Ifsuchfirstyeartaxcreditsreducetaxesdueas
46providedinsection148.064tozero,theremainingtaxcreditsmaybecarriedoveras
47otherwiseprovidedinthissectionandutilizedasprovidedinsection148.064insubsequent
48years.
49 6.Undersection23.253oftheMissourisunsetact:
50 (1)Theprovisionsoftheprogramauthorizedunderthissectionshall
51automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthe
52generalassembly;
53 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissection
54shallautomaticallysunsetonDecemberthirty-first,sixyearsaftertheeffectivedateof
55thereauthorizationofthissection;
56 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
57immediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthis
58sectionissunset;and
59 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
60impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
61programauthorizedunderthissectionexpires.
447.708.1.Foreligibleprojects,thedirectorofthedepartmentofeconomic
2development,withnoticetothedirectorsofthedepartmentsofnaturalresourcesandrevenue,
3andsubjecttotheotherprovisionsofsections447.700to447.718,maynotcreateanew
4enterprisezonebutmaydecidethataprospectiveoperatorofafacilitybeingremediedand
HB2319 71 5renovatedpursuanttosections447.700to447.718mayreceivethetaxcreditsandexemptions
6pursuanttosections135.100to135.150andsections135.200to135.257.Thetaxcredits
7allowedpursuanttothissubsectionshallbeusedtooffsetthetaximposedbychapter143,
8excludingwithholdingtaximposedbysections143.191to143.265,orthetaxotherwise
9imposedbychapter147,orthetaxotherwiseimposedbychapter148.Forpurposesofthis
10subsection:
11 (1)Forreceiptoftheadvaloremtaxabatementpursuanttosection135.215,the
12eligibleprojectmustcreateatleasttennewjobsorretainbusinesseswhichsupplyatleast
13twenty-fiveexistingjobs.Thecity,orcountyiftheeligibleprojectisnotlocatedinacity,
14mustprovideadvaloremtaxabatementofatleastfiftypercentforaperiodnotlessthanten
15yearsandnotmorethantwenty-fiveyears;
16 (2)Forreceiptoftheincometaxexemptionpursuanttosection135.220andtaxcredit
17forneworexpandedbusinessfacilitiespursuanttosections135.100to135.150,and135.225,
18theeligibleprojectmustcreateatleasttennewjobsorretainbusinesseswhichsupplyatleast
19twenty-fiveexistingjobs,orcombinationthereof.Forpurposesofsections447.700to
20447.718,thetaxcreditsdescribedinsection135.225aremodifiedasfollows:thetaxcredit
21shallbefourhundreddollarsperemployeeperyear,anadditionalfourhundreddollarsper
22yearforeachemployeeexceedingtheminimumemploymentthresholdsoftenandtwenty-
23fivejobsfornewandexistingbusinesses,respectively,anadditionalfourhundreddollarsper
24yearforeachpersonwhoisapersondifficulttoemployasdefinedbysection135.240,and
25investmenttaxcreditsatthesameamountsandlevelsasprovidedinsubdivision(4)of
26subsection1ofsection135.225;
27 (3)Foreligibilitytoreceivetheincometaxrefundpursuanttosection135.245,the
28eligibleprojectmustcreateatleasttennewjobsorretainbusinesseswhichsupplyatleast
29twenty-fiveexistingjobs,orcombinationthereof,andotherwisecomplywiththeprovisions
30ofsection135.245forapplicationanduseoftherefundandtheeligibilityrequirementsof
31thissection;
32 (4)Theeligibleprojectoperatesincompliancewithapplicableenvironmentallaws
33andregulations,includingpermittingandregistrationrequirements,ofthisstateaswellasthe
34federalandlocalrequirements;
35 (5)Theeligibleprojectoperatorshallfilesuchreportsasmayberequiredbythe
36directorofeconomicdevelopmentorthedirector'sdesignee;
37 (6)Thetaxpayermayclaimthestatetaxcreditsauthorizedbythissubsectionandthe
38stateincomeexemptionforaperiodnotinexcessoftenconsecutivetaxyears.Forthe
39purposeofthissection,"taxpayer"meansanindividualproprietorship,partnershipor
40corporationdescribedinsection143.441or143.471whooperatesaneligibleproject.The
41directorshalldeterminethenumberofyearsthetaxpayermayclaimthestatetaxcreditsand
HB2319 72 42thestateincomeexemptionbasedontheprojectednetstateeconomicbenefitsattributedto
43theeligibleproject;
44 (7)Forthepurposeofmeetingthenewjobrequirementprescribedinsubdivisions
45(1),(2)and(3)ofthissubsection,itshallberequiredthatatleasttennewjobsbecreatedand
46maintainedduringthetaxpayer'staxperiodforwhichthecreditsareearned,inthecaseofan
47eligibleprojectthatdoesnotreplaceasimilarfacilityinMissouri."Newjob"meansaperson
48whowasnotpreviouslyemployedbythetaxpayerorrelatedtaxpayerwithinthetwelve-
49monthperiodimmediatelyprecedingthetimethepersonwasemployedbythattaxpayerto
50workat,orinconnectionwith,theeligibleprojectonafull-timebasis."Full-timebasis"
51meanstheemployeeworksanaverageofatleastthirty-fivehoursperweekduringthe
52taxpayer'staxperiodforwhichthetaxcreditsareearned.Forthepurposesofthissection,
53"relatedtaxpayer"hasthesamemeaningasdefinedinsubdivision(10)ofsection135.100;
54 (8)Forthepurposeofmeetingtheexistingjobretentionrequirement,iftheeligible
55projectreplacesasimilarfacilitythatclosedelsewhereinMissouripriortotheendofthe
56taxpayer'staxperiodinwhichthetaxcreditsareearned,itshallberequiredthatatleast
57twenty-fiveexistingjobsberetainedat,andinconnectionwiththeeligibleproject,onafull-
58timebasisduringthetaxpayer'staxperiodforwhichthecreditsareearned."Retainedjob"
59meansapersonwhowaspreviouslyemployedbythetaxpayerorrelatedtaxpayer,atafacility
60similartotheeligibleprojectthatclosedelsewhereinMissouripriortotheendofthe
61taxpayer'staxperiodinwhichthetaxcreditsareearned,withinthetaxperiodimmediately
62precedingthetimethepersonwasemployedbythetaxpayertoworkat,orinconnection
63with,theeligibleprojectonafull-timebasis."Full-timebasis"meanstheemployeeworksan
64averageofatleastthirty-fivehoursperweekduringthetaxpayer'staxperiodforwhichthe
65taxcreditsareearned;
66 (9)Inthecasewhereaneligibleprojectreplacesasimilarfacilitythatclosed
67elsewhereinMissouripriortotheendofthetaxpayer'staxperiodinwhichthetaxcreditsare
68earned,theownerandoperatoroftheeligibleprojectshallprovidethedirectorwithawritten
69statementexplainingthereasonfordiscontinuingoperationsattheclosedfacility.The
70statementshallincludeacomparisonoftheactivitiesperformedattheclosedfacilitypriorto
71thedatethefacilityceasedoperating,totheactivitiesperformedattheeligibleproject,anda
72detailedaccountdescribingtheneedandrationaleforrelocatingtotheeligibleproject.Ifthe
73directorfindstherelocationtotheeligibleprojectsignificantlyimpairedtheeconomic
74stabilityoftheareainwhichtheclosedfacilitywaslocated,andthatsuchmovewas
75detrimentaltotheoveralleconomicdevelopmenteffortsofthestate,thedirectormaydeny
76thetaxpayer'srequesttoclaimtaxbenefits;
77 (10)Notwithstandinganyprovisionoflawtothecontrary,forthepurposeofthis
78section,thenumberofnewjobscreatedandmaintained,thenumberofexistingjobsretained,
HB2319 73 79andthevalueofnewqualifiedinvestmentusedattheeligibleprojectduringanytaxyearshall
80bedeterminedbydividingbytwelve,inthecaseofjobs,thesumofthenumberofindividuals
81employedattheeligibleproject,orinthecaseofnewqualifiedinvestment,thevalueofnew
82qualifiedinvestmentusedattheeligibleproject,onthelastbusinessdayofeachfullcalendar
83monthofthetaxyear.Iftheeligibleprojectisinoperationforlessthantheentiretaxyear,
84thenumberofnewjobscreatedandmaintained,thenumberofexistingjobsretained,andthe
85valueofnewqualifiedinvestmentcreatedattheeligibleprojectduringanytaxyearshallbe
86determinedbydividingthesumofthenumberofindividualsemployedattheeligibleproject,
87orinthecaseofnewqualifiedinvestment,thevalueofnewqualifiedinvestmentusedatthe
88eligibleproject,onthelastbusinessdayofeachfullcalendarmonthduringtheportionofthe
89taxyearduringwhichtheeligibleprojectwasinoperation,bythenumberoffullcalendar
90monthsduringsuchperiod;
91 (11)Forthepurposeofthissection,"newqualifiedinvestment"meansnewbusiness
92facilityinvestmentasdefinedandasdeterminedinsubdivision(8)ofsection135.100which
93isusedatandinconnectionwiththeeligibleproject.Newqualifiedinvestmentshallnot
94includesmalltools,suppliesandinventory."Smalltools"meanstoolsthatareportableand
95canbehandheld.
96 2.Thedeterminationofthedirectorofeconomicdevelopmentpursuanttosubsection
971ofthissectionshallnotaffectrequirementsfortheprospectivepurchasertoobtainthe
98approvalofthegrantingofrealpropertytaxabatementbythemunicipalorcounty
99governmentwheretheeligibleprojectislocated.
100 3.(1)Thedirectorofthedepartmentofeconomicdevelopment,withtheapprovalof
101thedirectorofthedepartmentofnaturalresources,may,inadditiontothetaxcreditsallowed
102insubsection1ofthissection,grantaremediationtaxcredittotheapplicantforuptoone
103hundredpercentofthecostsofmaterials,supplies,equipment,labor,professional
104engineering,consultingandarchitecturalfees,permittingfeesandexpenses,demolition,
105asbestosabatement,anddirectutilitychargesforperformingthevoluntaryremediation
106activitiesforthepreexistinghazardoussubstancecontaminationandreleases,including,but
107notlimitedto,thecostsofperformingoperationandmaintenanceoftheremediation
108equipmentatthepropertybeyondtheyearinwhichthesystemsandequipmentarebuiltand
109installedattheeligibleprojectandthecostsofperformingthevoluntaryremediation
110activitiesoveraperiodnotinexcessoffourtaxyearsfollowingthetaxpayer'staxyearin
111whichthesystemandequipmentwerefirstputintouseattheeligibleproject,providedthe
112remediationactivitiesarethesubjectofaplansubmittedto,andapprovedby,thedirectorof
113naturalresourcespursuanttosections260.565to260.575.Thetaxcreditmayalsoincludeup
114toonehundredpercentofthecostsofdemolitionthatarenotdirectlypartoftheremediation
115activities,providedthatthedemolitionisonthepropertywherethevoluntaryremediation
HB2319 74 116activitiesareoccurring,thedemolitionisnecessarytoaccomplishtheplanneduseofthe
117facilitywheretheremediationactivitiesareoccurring,andthedemolitionispartofa
118redevelopmentplanapprovedbythemunicipalorcountygovernmentandthedepartmentof
119economicdevelopment.Thedemolitionmayoccuronanadjacentpropertyiftheprojectis
120locatedinamunicipalitywhichhasapopulationlessthantwentythousandandtheabove
121conditionsareotherwisemet.Theadjacentpropertyshallindependentlyqualifyas
122abandonedorunderutilized.Theamountofthecreditavailablefordemolitionnotassociated
123withremediationcannotexceedthetotalamountofcreditsapprovedforremediation
124includingdemolitionrequiredforremediation.
125 (2)Theamountofremediationtaxcreditsissuedshallbelimitedtotheleastamount
126necessarytocausetheprojecttooccur,asdeterminedbythedirectorofthedepartmentof
127economicdevelopment.
128 (3)Thedirectormay,withtheapprovalofthedirectorofnaturalresources,extendthe
129taxcreditsallowedforperformingvoluntaryremediationmaintenanceactivities,in
130incrementsofthree-yearperiods,nottoexceedfiveconsecutivethree-yearperiods.The
131taxcreditsallowedinthissubsectionshallbeusedtooffsetthetaximposedbychapter143,
132excludingwithholdingtaximposedbysections143.191to143.265,orthetaxotherwise
133imposedbychapter147,orthetaxotherwiseimposedbychapter148.Theremediationtax
134creditmaybetakeninthesametaxyearinwhichthetaxcreditsarereceivedormaybetaken
135overaperiodnottoexceedtwentyyears.
136 (4)Theprojectfacilityshallbeprojectedtocreateatleasttennewjobsoratleast
137twenty-fiveretainedjobs,oracombinationthereof,asdeterminedbythedepartmentof
138economicdevelopment,tobeeligiblefortaxcreditspursuanttothissection.
139 (5)Nomorethanseventy-fivepercentofearnedremediationtaxcreditsmaybe
140issuedwhentheremediationcostswerepaid,andtheremainingpercentagemaybeissued
141whenthedepartmentofnaturalresourcesissuesaletterofcompletionletterorcovenantnot
142tosuefollowingcompletionofthevoluntaryremediationactivities.Itshallnotincludeany
143costsassociatedwithongoingoperationalenvironmentalcomplianceofthefacilityor
144remediationcostsarisingoutofspills,leaks,orotherreleasesarisingoutoftheongoing
145businessoperationsofthefacility.Intheeventthedepartmentofnaturalresourcesissuesa
146letterofcompletionforaportionofaproperty,animpactedmediasuchassoilor
147groundwater,orforasiteoraportionofasiteimprovement,aproratedamountofthe
148remainingpercentagemaybereleasedbasedonthepercentageofthetotalsitereceivinga
149letterofcompletion.
150 4.Intheexerciseofthesounddiscretionofthedirectorofthedepartmentof
151economicdevelopmentorthedirector'sdesignee,thetaxcreditsandexemptionsdescribedin
152thissectionmaybeterminated,suspendedorrevokediftheeligibleprojectfailstocontinue
HB2319 75 153tomeettheconditionssetforthinthissection.Inmakingsuchadetermination,thedirector
154shallconsidertheseverityoftheconditionviolation,actionstakentocorrecttheviolation,the
155frequencyofanyconditionviolationsandwhethertheactionsexhibitapatternofconductby
156theeligiblefacilityownerandoperator.Thedirectorshallalsoconsiderchangesingeneral
157economicconditionsandtherecommendationofthedirectorofthedepartmentofnatural
158resources,orhisorherdesignee,concerningtheseverity,scope,nature,frequencyandextent
159ofanyviolationsoftheenvironmentalcomplianceconditions.Thetaxpayerorperson
160claimingthetaxcreditsorexemptionsmayappealthedecisionregardingtermination,
161suspensionorrevocationofanytaxcreditorexemptioninaccordancewiththeprocedures
162outlinedinsubsections4and5ofsection135.250.Thedirectorofthedepartmentof
163economicdevelopmentshallnotifythedirectorsofthedepartmentsofnaturalresourcesand
164revenueofthetermination,suspensionorrevocationofanytaxcreditsasdeterminedinthis
165sectionorpursuanttotheprovisionsofsection447.716.
166 5.Notwithstandinganyprovisionoflawtothecontrary,notaxpayershallearnthetax
167credits,exemptionsorrefundotherwiseallowedinsubdivisions(2),(3)and(4)ofsubsection
1681ofthissectionandthetaxcreditsotherwiseallowedinsection135.110,orthetaxcredits,
169exemptionsandrefundotherwiseallowedinsections135.215,135.220,135.225and135.245,
170respectively,forthesamefacilityforthesametaxperiod.
171 6.Thetotalamountofthetaxcreditsallowedinsubsection1ofthissectionmaynot
172exceedthegreaterof:
173 (1)Thatportionofthetaxpayer'sincomeattributedtotheeligibleproject;or
174 (2)Onehundredpercentofthetotalbusiness'incometaxiftheeligiblefacilitydoes
175notreplaceasimilarfacilitythatclosedelsewhereinMissouripriortotheendofthe
176taxpayer'staxperiodinwhichthetaxcreditsareearned,andfurtherprovidedthetaxpayer
177doesnotoperateanyotherfacilitiesbesidestheeligibleprojectinMissouri;fiftypercentof
178thetotalbusiness'incometaxiftheeligiblefacilityreplacesasimilarfacilitythatclosed
179elsewhereinMissouripriortotheendofthetaxpayer'staxperiodinwhichthecreditsare
180earned,andfurtherprovidedthetaxpayerdoesnotoperateanyotherfacilitiesbesidesthe
181eligibleprojectinMissouri;ortwenty-fivepercentofthetotalbusinessincomeifthetaxpayer
182operates,inadditiontotheeligiblefacility,anyotherfacilitiesinMissouri.Innocaseshalla
183taxpayeroperatingmorethanoneeligibleprojectinMissouribeallowedtooffsetmorethan
184twenty-fivepercentofthetaxpayer'sbusinessincomeinanytaxperiod.Thatportionofthe
185taxpayer'sincomeattributedtotheeligibleprojectasreferencedinsubdivision(1)ofthis
186subsection,forwhichthecreditsallowedinsections135.110and135.225andsubsection3of
187thissectionmayapply,shallbedeterminedinthesamemannerasprescribedinsubdivision
188(5)ofsection135.100.Thatportionofthetaxpayer'sfranchisetaxattributedtotheeligible
HB2319 76 189projectforwhichtheremediationtaxcreditmayoffset,shallbedeterminedinthesame
190mannerasprescribedinparagraph(a)ofsubdivision(5)ofsection135.100.
191 7.Taxpayersclaimingthestatetaxbenefitsallowedinsubdivisions(2)and(3)of
192subsection1ofthissectionshallberequiredtofileallapplicabletaxcreditapplications,
193formsandschedulesprescribedbythedirectorduringthetaxpayer'staxperiodimmediately
194afterthetaxperiodinwhichtheeligibleprojectwasfirstputintouse.Otherwise,the
195taxpayer'srighttoclaimsuchstatetaxbenefitsshallbeforfeited.Unusedbusinessfacility
196andenterprisezonetaxcreditsshallnotbecarriedforwardbutshallbeinitiallyclaimedfor
197thetaxperiodduringwhichtheeligibleprojectwasfirstcapableofbeingused,andduring
198anyapplicablesubsequenttaxperiods.
199 8.Taxpayersclaimingtheremediationtaxcreditallowedinsubsection3ofthis
200sectionshallberequiredtofileallapplicabletaxcreditapplications,formsandschedules
201prescribedbythedirectorduringthetaxpayer'staxperiodimmediatelyafterthetaxperiodin
202whichtheeligibleprojectwasfirstputintouse,orduringthetaxpayer'staxperiod
203immediatelyafterthetaxperiodinwhichthevoluntaryremediationactivitieswere
204performed.
205 9.Therecipientofremediationtaxcredits,forthepurposeofthissubsectionreferred
206toasassignor,mayassign,sellortransfer,inwholeorinpart,theremediationtaxcredit
207allowedinsubsection3ofthissectiontoanyotherperson,forthepurposeofthissubsection
208referredtoasassignee.Toperfectthetransfer,theassignorshallprovidewrittennoticetothe
209directoroftheassignor'sintenttotransferthetaxcreditstotheassignee,thedatethetransfer
210iseffective,theassignee'sname,addressandtheassignee'staxperiodandtheamountoftax
211creditstobetransferred.Thenumberoftaxperiodsduringwhichtheassigneemay
212subsequentlyclaimthetaxcreditsshallnotexceedtwentytaxperiods,lessthenumberoftax
213periodstheassignorpreviouslyclaimedthecreditsbeforethetransferoccurred.
214 10.Inthecasewhereanoperatorandassignorofaneligibleprojecthasbeencertified
215toclaimstatetaxbenefitsallowedinsubdivisions(2)and(3)ofsubsection1ofthissection,
216andsellsorotherwisetransferstitleoftheeligibleprojecttoanothertaxpayerorassigneewho
217continuesthesameorsubstantiallysimilaroperationsattheeligibleproject,thedirectorshall
218allowtheassigneetoclaimthecreditsforaperiodoftimetobedeterminedbythedirector;
219exceptthat,thetotalnumberoftaxperiodsthetaxcreditsmaybeearnedbytheassignorand
220theassigneeshallnotexceedten.Toperfectthetransfer,theassignorshallprovidewritten
221noticetothedirectoroftheassignor'sintenttotransferthetaxcreditstotheassignee,thedate
222thetransferiseffective,theassignee'sname,address,andtheassignee'staxperiod,andthe
223amountoftaxcreditstobetransferred.
HB2319 77 224 11.Forthepurposeofthestatetaxbenefitsdescribedinthissection,inthecaseofa
225corporationdescribedinsection143.471orpartnership,incomputingMissouri'staxliability,
226suchstatebenefitsshallbeallowedtothefollowing:
227 (1)Theshareholdersofthecorporationdescribedinsection143.471;
228 (2)Thepartnersofthepartnership.
229
230Thecreditprovidedinthissubsectionshallbeapportionedtotheentitiesdescribedin
231subdivisions(1)and(2)ofthissubsectioninproportiontotheirshareofownershiponthelast
232dayofthetaxpayer'staxperiod.
233 12.Notwithstandinganyprovisionoflawtothecontrary,inanycounty[ofthefirst
234classification] thathasacharterformofgovernmentandthathasapopulationofovernine
235hundredthousandinhabitants,alldemolitioncostsincurredduringtheredevelopmentofany
236formerautomobilemanufacturingplantshallbeallowablecostseligiblefortaxcreditsunder
237sections447.700to447.718solongastheredevelopmentofsuchformerautomobile
238manufacturingplantshallbeprojectedtocreateatleasttwohundredfiftynewjobsoratleast
239threehundredretainedjobs,oracombinationthereof,asdeterminedbythedepartmentof
240economicdevelopment.Theamountofallowablecostseligiblefortaxcreditsshallbe
241limitedtotheleastamountnecessarytocausetheprojecttooccur,asdeterminedbythe
242directorofthedepartmentofeconomicdevelopment,providedthatnotaxcreditshallbe
243issuedunderthissubsectionuntilJuly1,2017.Forpurposesofthissubsection,"former
244automobilemanufacturingplant"meansaredevelopmentareathatqualifiesasaneligible
245projectundersection447.700,thatconsistsofatleastonehundredacres,andthatwasused
246primarilyforthemanufactureofautomobilesbut,after2007,ceasedsuchmanufacturing.
247 13.Undersection23.253oftheMissourisunsetact:
248 (1)Theprovisionsofthetaxcreditprogramsauthorizedunderthissectionshall
249automaticallysunsetonDecember31,2030,unlessreauthorizedbyanactofthegeneral
250assembly;
251 (2)Ifsuchtaxcreditprogramsarereauthorized,theprogramsauthorizedunder
252thissectionshallautomaticallysunsetonDecemberthirty-first,sixyearsafterthe
253effectivedateofthereauthorizationofthissection;
254 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryear
255immediatelyfollowingthecalendaryearinwhichtheprogramsauthorizedunderthis
256sectionissunset;and
HB2319 78 257 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway
258impairataxpayer'sabilitytoredeemtaxcreditsauthorizedonorbeforethedatethe
259programauthorizedunderthissectionexpires.
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