HB2319--TAXCREDITS
SPONSOR: Owen
Thisbillmodifiesthestatusofcertainexistingtaxcredits.
Suchmodificationsinclude:
(1)Removingcertaintaxcreditsthatarecurrentlyadministered
bytheDepartmentofRevenue(DOR),andplacingthosetaxcredits
inadifferentagency.Suchtaxcreditswouldinclude:
(a)SurvivingSpousesofPublicSafetyOfficersTaxCredit,
movedfromDORtotheDepartmentofPublicSafety;
(b)AdoptionTaxCredit,movedfromDORtotheDepartmentof
SocialServices(DSS);
(c)ChampionforChildrenTax,movedfromDORtoDSS;
(d)ADAAccess,ExpendituresbySmallBusinessesTaxCredit,moved
fromDORtotheDepartmentofEconomicDevelopment(DED);
(e)ResidentialRenovationsforDisabilityTaxCredit,movedfrom
DORtoDED;
(f)DonatedFoodTaxCredit,movedfromDORtoDSS;
(g)HighEthanolBlendSellerTaxCredit,movedfromDORto
theDepartmentofAgriculture(MDA);
(h)BiodieselBlendSellerTaxCredit,movedfromDORto
MDA;and
(i)BiodieselBlendProducerTaxCredit,movedfromDORto
MDA.
(2)Applyingasunsetprovisiontothosetaxcreditsthat
currentlylacksuchprovision. Suchtaxcreditsinclude:
(a)NeighborhoodAssistanceTaxCredit;
(b)AffordableHousingTaxCredit;
(c)MissouriDevelopmentFinanceBoardTaxCredit;
(d)MissouriDevelopmentFinanceBoard(revenuebondsor
notes)TaxCredit;
(e)BusinessUseIncentivesforLarge-ScaleDevelopmentTax Credit;
(f)AdoptionTaxCredit;
(g)InvestmentsinMissouriSmallBusinessesTaxCredit;
(h)YouthOpportunitiesandViolencePreventionTaxCredit;
(i)Rehabilitation andConstructionofResidencesin
DistressedCommunitiesandCensusBlocksTaxCredit;
(j)ADAAccess,ExpendituresbySmallBusinessesTaxCredit;
(k)ContributionstoSheltersforVictimsofDomestic
ViolenceorRapeCrisisCentersTaxCredit;
(l)ContributionstoMaternityHomesTaxCredit;
(m)ContributionstoPregnancyResourceCentersTaxCredit;
(n)Community-BasedFacultyPreceptorTaxCredit;
(o)GrapeandWineProducersTaxCredit;
(p)MissouriEmpowermentScholarshipAccountsProgramTax
Credit;
(q)ResidentialTreatmentAgencyTaxCredit;
(r)DevelopmentalDisabilityCareProviderTaxCredit;
(s)MissouriWorkingFamilyTaxCredit;
(t)SCorpBanks,Associations,andCreditInstitutionsTax
Credit;
(u)BankFranchiseTaxCredit;
(v)SharedCareGiverTaxCredit;
(w)FamilyDevelopmentAccountTaxCredit;
(x)FamilyFarmBreedingTaxCredit;andthe
(y)BrownfieldRedevelopmentProgramTaxCredit.
(3)Placingamaximumcaponthosetaxcreditsthatcurrentlylack
suchaprovision. Suchtaxcreditsinclude: (a)AdvancedIndustrialManufacturingTaxCredit;
(b)SurvivingSpousesofPublicSafetyOfficersTaxCredit;
(c)NeworExpandedBusinessFacilityTaxCredit;
(d)ADAAccess,ExpendituresbySmallBusinessesTaxCredit;
(e)GrapeandWineProducersTaxCredit;
(f)UnmetHealth,Hunger,andHygieneNeedsofChildrenin
SchoolTaxCredit;
(g)ResidentialTreatmentAgencyTaxCredit;
(h)DevelopmentalDisabilityCareProviderTaxCredit;
(i)RollingStockTaxCredit;
(j)Self-EmployedHealthInsuranceTaxCredit;
(k)MissouriWorkingFamilyTaxCredit;
(l)SCorpBanks,Associations,andCreditInstitutionsTax
Credit;
(m)BankFranchiseTaxCredit;
(n)SharedCareGiverTaxCredit;andthe
(o)BrownfieldRedevelopmentProgramTaxCredit.