| 11 | | - | SectionA.Sections67.3000,67.3005,135.341,135.621,and135.647,RSMo,are |
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| 12 | | - | 2repealedandfivenewsectionsenactedinlieuthereof,tobeknownassections67.3000, |
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| 13 | | - | 367.3005,135.341,135.621,and135.647,toreadasfollows: |
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| 14 | | - | 67.3000.1.Asusedinthissectionandsection67.3005,thefollowingwordsshall |
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| 15 | | - | 2mean: |
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| 16 | | - | 3 (1)"Activemember",anorganizationlocatedinthestateofMissouriwhichsolicits |
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| 17 | | - | 4andservicessportsevents,sportsorganizations,andothertypesofsports-relatedactivitiesin |
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| 18 | | - | 5thatcommunity; |
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| 19 | | - | 6 (2)"Applicant"or"applicants",oneormorecertifiedsponsors,endorsingcounties, |
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| 20 | | - | 7endorsingmunicipalities,oralocalorganizingcommittee,actingindividuallyorcollectively; |
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| 21 | | - | 8 (3)"Certifiedsponsor"or"certifiedsponsors",anonprofitorganizationwhichisan |
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| 22 | | - | 9activememberofthe[NationalAssociationofSportsCommissions] SportsEventsand |
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| 23 | | - | 10TourismAssociation; |
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| 24 | | - | 11 (4)"Department",theMissouridepartmentofeconomicdevelopment; |
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| 25 | | - | 12 (5)"Director",thedirectorofrevenue; |
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| 26 | | - | 13 (6)["Eligiblecosts"shallinclude: |
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| 27 | | - | 14 (a)Costsnecessaryforconductingthesportingevent; |
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| 28 | | - | 15 (b)Costsrelatingtothepreparationsnecessaryfortheconductofthesportingevent; |
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| 29 | | - | 16and |
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| 30 | | - | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 31 | | - | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 17 (c)Anapplicant'spledgedobligationstothesiteselectionorganizationasevidenced |
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| 32 | | - | 18bythesupportcontractforthesportingeventincluding,butnotlimitedto,bidfeesand |
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| 33 | | - | 19financialguarantees. |
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| 34 | | - | 20 |
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| 35 | | - | 21Eligiblecostsshallnotincludeanycostassociatedwiththerehabilitationorconstructionof |
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| 36 | | - | 22anyfacilitiesusedtohostthesportingeventordirectpaymentstoafor-profitsiteselection |
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| 37 | | - | 23organization,butmayincludecostsassociatedwiththeretrofittingofafacilitynecessaryto |
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| 38 | | - | 24accommodatethesportingevent; |
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| 39 | | - | 25 (7)]"Eligibledonation",donationsreceived,byacertifiedsponsororlocalorganizing |
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| 40 | | - | 26committee,fromataxpayerthatmayincludecash,publiclytradedstocksandbonds,andreal |
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| 41 | | - | 27estatethatwillbevaluedanddocumentedaccordingtorulespromulgatedbythedepartment. |
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| 42 | | - | 28Suchdonationsshallbeusedsolelytoprovidefundingtoattractsportingeventstothisstate; |
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| 43 | | - | 29 [(8)](7)"Endorsingmunicipality"or"endorsingmunicipalities",anycity,town, |
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| 44 | | - | 30incorporatedvillage,orcountythatcontainsasiteselectedbyasiteselectionorganizationfor |
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| 45 | | - | 31oneormoresportingevents; |
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| 46 | | - | 32 [(9)](8)"Joinderagreement",anagreemententeredintobyoneormoreapplicants, |
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| 47 | | - | 33actingindividuallyorcollectively,andasiteselectionorganizationsettingoutrepresentations |
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| 48 | | - | 34andassurancesbyeachapplicantinconnectionwiththeselectionofasiteinthisstateforthe |
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| 49 | | - | 35locationofasportingevent; |
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| 50 | | - | 36 [(10)] (9)"Joinderundertaking",anagreemententeredintobyoneormore |
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| 51 | | - | 37applicants,actingindividuallyorcollectively,andasiteselectionorganizationthateach |
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| 52 | | - | 38applicantwillexecuteajoinderagreementintheeventthatthesiteselectionorganization |
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| 53 | | - | 39selectsasiteinthisstateforasportingevent; |
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| 54 | | - | 40 [(11)](10)"Localorganizingcommittee",anonprofitcorporationoritssuccessorin |
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| 55 | | - | 41interestthat: |
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| 56 | | - | 42 (a)Hasbeenauthorizedbyoneormorecertifiedsponsors,endorsingmunicipalities, |
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| 57 | | - | 43orendorsingcounties,actingindividuallyorcollectively,topursueanapplicationandbidon |
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| 58 | | - | 44itsortheapplicant'sbehalftoasiteselectionorganizationforselectionasthehostofoneor |
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| 59 | | - | 45moresportingevents;or |
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| 60 | | - | 46 (b)Withtheauthorizationofoneormorecertifiedsponsors,endorsing |
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| 61 | | - | 47municipalities,orendorsingcounties,actingindividuallyorcollectively,executesan |
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| 62 | | - | 48agreementwithasiteselectionorganizationregardingabidtohostoneormoresporting |
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| 63 | | - | 49events; |
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| 64 | | - | 50 (11)"Registeredparticipant",anindividualwhoisregisteredtocompeteina |
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| 65 | | - | 51sportingevent,oranathlete,coach,orotherindividualwhoispartofateam'sofficial |
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| 66 | | - | 52contingentwithanofficialcapacityforsuchsportingevent; |
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| 67 | | - | HCSHB326 2 53 (12)"Siteselectionorganization",theNationalCollegiateAthleticAssociation |
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| 68 | | - | 54(NCAA);anNCAAmemberconference,university,orinstitution;theNationalAssociation |
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| 69 | | - | 55ofIntercollegiateAthletics(NAIA);theUnitedStatesOlympic&ParalympicCommittee |
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| 70 | | - | 56[(USOC)] (USOPC); anationalgoverningbody(NGB)orinternationalfederationofasport |
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| 71 | | - | 57recognizedbythe[USOC] USOPC; theUnitedStatesGolfAssociation(USGA);theUnited |
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| 72 | | - | 58StatesTennisAssociation(USTA);theAmateurAthleticUnion(AAU);theNational |
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| 73 | | - | 59ChristianCollegeAthleticAssociation(NCCAA);theNationalJuniorCollegeAthletic |
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| 74 | | - | 60Association(NJCAA);theUnitedStatesSportsSpecialtyAssociation(USSSA);anyrights |
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| 75 | | - | 61holdermemberofthe[NationalAssociationofSportsCommissions(NASC)] SportsEvents |
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| 76 | | - | 62andTourismAssociation(SportsETA);othermajorregional,national,andinternational |
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| 77 | | - | 63sportsassociations,andamateurorganizationsthatpromote,organize,oradministersporting |
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| 78 | | - | 64gamesorcompetitions;orothermajorregional,national,andinternationalorganizationsthat |
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| 79 | | - | 65promoteororganizesportingevents; |
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| 80 | | - | 66 (13)"Sportingevent"or"sportingevents",anamateur,collegiate,orOlympic |
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| 81 | | - | 67sportingeventthatiscompetitivelybidorisawardedbyasiteselectionorganization; |
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| 82 | | - | 68 (14)"Supportcontract"or"supportcontracts",aneventawardnotification,joinder |
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| 83 | | - | 69undertaking,joinderagreement,orcontractexecutedbyanapplicantandasiteselection |
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| 84 | | - | 70organization; |
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| 85 | | - | 71 (15)"Taxcredit"or"taxcredits",acreditorcreditsissuedbythedepartmentagainst |
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| 86 | | - | 72thetaxotherwisedueunderchapter143or148,excludingwithholdingtaximposedunder |
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| 87 | | - | 73sections143.191to143.265; |
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| 88 | | - | 74 (16)"Taxpayer",anyofthefollowingindividualsorentitieswhomakeaneligible |
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| 89 | | - | 75donation: |
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| 90 | | - | 76 (a)Aperson,firm,partnerinafirm,corporation,orashareholderinanScorporation |
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| 91 | | - | 77doingbusinessinthestateofMissouriandsubjecttothestateincometaximposedunder |
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| 92 | | - | 78chapter143; |
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| 93 | | - | 79 (b)Acorporationsubjecttotheannualcorporationfranchisetaximposedunder |
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| 94 | | - | 80chapter147; |
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| 95 | | - | 81 (c)Aninsurancecompanypayinganannualtaxonitsgrosspremiumreceiptsinthis |
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| 96 | | - | 82state; |
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| 97 | | - | 83 (d)AnyotherfinancialinstitutionpayingtaxestothestateofMissouriorany |
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| 98 | | - | 84politicalsubdivisionofthisstateunderchapter148; |
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| 99 | | - | 85 (e)Anindividualsubjecttothestateincometaximposedunderchapter143; |
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| 100 | | - | 86 (f)Anycharitableorganizationwhichisexemptfromfederalincometaxandwhose |
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| 101 | | - | 87Missouriunrelatedbusinesstaxableincome,ifany,wouldbesubjecttothestateincometax |
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| 102 | | - | 88imposedunderchapter143. |
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| 103 | | - | HCSHB326 3 89 2.Anapplicantmaysubmitacopyofasupportcontractforasportingeventtothe |
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| 104 | | - | 90department.Withinsixtydaysofreceiptofthesportingeventsupportcontract,the |
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| 105 | | - | 91departmentmayreviewtheapplicant'ssupportcontractandcertifysuchsupportcontractifit |
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| 106 | | - | 92complieswiththerequirementsofthissection.Uponcertificationofthesupportcontractby |
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| 107 | | - | 93thedepartment,theapplicantmaybeauthorizedtoreceivethetaxcreditundersubsection4of |
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| 108 | | - | 94thissection. |
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| 109 | | - | 95 3.Nomorethanninetydaysfollowingtheconclusionofthesportingevent,the |
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| 110 | | - | 96applicantshallsubmit[eligiblecostsanddocumentationofthecostsevidencedbyreceipts, |
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| 111 | | - | 97paidinvoices,eventsettlements,orotherdocumentationinamannerprescribedbythe |
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| 112 | | - | 98department.Eligiblecostsmaybepaidbytheapplicantoranentitycohostingtheeventwith |
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| 113 | | - | 99theapplicant] aticketsalesorboxofficestatementverifyingthetotalnumberoftickets |
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| 114 | | - | 100soldforsuchevent,or,ifsucheventwasparticipant-based,alistofallregistered |
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| 115 | | - | 101participants. |
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| 116 | | - | 102 4.(1)[Nolaterthansevendaysfollowingtheconclusionofthesportingevent,the |
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| 117 | | - | 103department,inconsultationwiththedirector,shalldeterminethetotalnumberofticketssold |
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| 118 | | - | 104atfacevalueforsucheventor,ifsucheventwasparticipant-basedanddidnotselladmission |
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| 119 | | - | 105tickets,thetotalnumberofpaidparticipantregistrations. |
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| 120 | | - | 106 (2)] Nolaterthansixtydaysfollowingthereceiptof[eligiblecostsand] |
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| 121 | | - | 107documentationof[suchcosts] ticketsalesorregisteredparticipantsfromtheapplicant |
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| 122 | | - | 108asrequiredinsubsection3ofthissection,thedepartmentshall,exceptforthelimitations |
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| 123 | | - | 109undersubsection5ofthissection,issueacertificateforarefundabletaxcredittothe |
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| 124 | | - | 110applicantfor[theleastof]: |
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| 125 | | - | 111 (a)[Onehundredpercentofeligiblecostsincurredbytheapplicant; |
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| 126 | | - | 112 (b)]Anamountequalto[five] sixdollarsforeveryadmissionticketsoldtosuch |
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| 127 | | - | 113event;or |
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| 128 | | - | 114 [(c)](b)Anamountequalto[ten]twelvedollarsforevery[paid] registered |
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| 129 | | - | 115participant[registration] ifsucheventwasparticipant-based[anddidnotselladmission |
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| 130 | | - | 116tickets]. |
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| 131 | | - | 117 |
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| 132 | | - | 118Thecalculationsunderparagraphs[(b)](a)and[(c)](b)ofthissubdivisionshallusethe |
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| 133 | | - | 119actualnumberofticketssoldor[registrationspaid]registeredparticipants, notanestimated |
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| 134 | | - | 120amount. |
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| 135 | | - | 121 (2)Thedepartmentofrevenueshallissuearefundoftherefundabletaxcreditto |
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| 136 | | - | 122theapplicantwithinninetydaysoftheapplicant'ssubmissionofavalidtaxcredit |
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| 137 | | - | 123certificateissuedinaccordancewithsubdivision(1)ofthissubsection.Notwithstanding |
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| 138 | | - | 124anyprovisionoflawtothecontrary,thismayincludearefundissuedinadvanceofthe |
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| 139 | | - | 125closeofthetaxperiodtowhichthetaxcreditapplies. |
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| 140 | | - | HCSHB326 4 126 (3)Taxcreditsauthorizedbythissectionmaybeclaimedagainsttaxesimposedby |
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| 141 | | - | 127chapters143and148[andshallbeclaimedwithinoneyearofthecloseofthetaxyearfor |
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| 142 | | - | 128whichthecreditswereissued]. Taxcreditsauthorizedbythissection[may] shallnotbe |
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| 143 | | - | 129transferred,sold,orassigned[byfilinganotarizedendorsementthereofwiththedepartment |
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| 144 | | - | 130thatnamesthetransferee,theamountoftaxcredittransferred,andthevaluereceivedforthe |
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| 145 | | - | 131credit,aswellasanyotherinformationreasonablyrequestedbythedepartment]. |
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| 146 | | - | 132Notwithstandinganyprovisionoflawtothecontrary,taxcreditsauthorizedbythis |
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| 147 | | - | 133sectionmayberefundedatanytimefollowingissuance,evenpriortothecloseofthetax |
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| 148 | | - | 134periodforwhichthecreditswereissued.Anerroneous,excessive,orimproperrefund |
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| 149 | | - | 135ofthesetaxcreditsshallbeconsideredanunderpaymentoftaxonthedatemade.Ifany |
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| 150 | | - | 136applicantisissuedtaxcreditspursuanttothissectionthatarerefundedtosuch |
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| 151 | | - | 137applicant,butthedepartmentofrevenuelaterdeterminesthattheapplicantreceiving |
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| 152 | | - | 138thecreditsowesorowedtaxesthatwerenotpaidforthetaxyearforwhichthetax |
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| 153 | | - | 139creditwasissued,suchapplicantshallpaytothedepartmentofrevenuetheapplicant's |
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| 154 | | - | 140taxliabilitystilldue,includinganyunderpaymentcausedbytheerroneous,excessive,or |
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| 155 | | - | 141improperrefundofthesetaxcredits.Thedepartmentofrevenuemaypromulgatesuch |
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| 156 | | - | 142rulesasarenecessarytoadministersuchclawbackprovisionsunderthissubdivision. |
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| 157 | | - | 143 5.Innoeventshalltheamountoftaxcreditsissuedbythedepartmentunder |
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| 158 | | - | 144subsection4ofthissectionexceed[three] sixmilliondollarsinanyfiscalyear.Forallevents |
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| 159 | | - | 145locatedwithinthefollowingcounties,thetotalamountoftaxcreditsissuedshallnotexceed |
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| 160 | | - | 146[two]fivemillion[seven] fivehundredthousanddollarsinanyfiscalyear: |
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| 161 | | - | 147 (1)Acountywithacharterformofgovernmentandwithmorethansixhundred |
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| 162 | | - | 148thousandinhabitants;or |
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| 163 | | - | 149 (2)Acitynotwithinacounty. |
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| 164 | | - | 150 6.Anapplicantshallprovideanyinformationnecessaryasdeterminedbythe |
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| 165 | | - | 151departmentforthedepartmentandthedirectortofulfillthedutiesrequiredbythissection.At |
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| 166 | | - | 152anytimeupontherequestofthestateofMissouri,acertifiedsponsorshallsubjectitselftoan |
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| 167 | | - | 153auditconductedbythestate. |
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| 168 | | - | 154 7.Thissectionshallnotbeconstruedascreatingorrequiringastateguaranteeof |
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| 169 | | - | 155obligationsimposedonanendorsingmunicipalityunderasupportcontractoranyother |
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| 170 | | - | 156agreementrelatingtohostingoneormoresportingeventsinthisstate. |
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| 171 | | - | 157 8.Thedepartmentshallonlycertifyanapplicant'ssupportcontractforasporting |
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| 172 | | - | 158eventinwhichthesiteselectionorganizationhasyettoselectalocationforthesportingevent |
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| 173 | | - | 159asofDecember1,2012.Nosupportcontractshallbecertifiedunlessthesiteselection |
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| 174 | | - | 160organizationhaschosentousealocationinthisstatefromcompetitivebids,atleastoneof |
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| 175 | | - | 161whichwasabidforalocationoutsideofthisstate,exceptthatcompetitivebidsshallnotbe |
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| 176 | | - | 162requiredforanypreviously-awardedeventwhosesiteselectionorganizationextendsits |
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| 177 | | - | HCSHB326 5 163contractualagreementwiththeevent'scertifiedsponsororforany[post-season] neutral-site |
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| 178 | | - | 164collegiate[footballgameorotherneutral-site] gamewithatleastoneout-of-stateteam. |
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| 179 | | - | 165SupportcontractsshallnotbecertifiedbythedepartmentafterAugust28,[2025] 2032, |
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| 180 | | - | 166providedthatthesupportcontractsmaybecertifiedonorpriortoAugust28,[2025] 2032,for |
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| 181 | | - | 167sportingeventsthatwillbeheldaftersuchdate. |
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| 182 | | - | 168 9.Thedepartmentmaypromulgaterulesasnecessarytoimplementtheprovisionsof |
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| 183 | | - | 169thissection.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis |
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| 184 | | - | 170createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies |
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| 185 | | - | 171withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028. |
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| 186 | | - | 172Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe |
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| 187 | | - | 173generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto |
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| 188 | | - | 174disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof |
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| 189 | | - | 175rulemakingauthorityandanyruleproposedoradoptedafterAugust28,2013,shallbeinvalid |
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| 190 | | - | 176andvoid. |
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| 191 | | - | 177 10.Therepealandreenactmentofsubsection8ofthissectionshallbecome |
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| 192 | | - | 178effectiveAugust28,2025,andtherepealandreenactmentoftheremainderofthe |
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| 193 | | - | 179provisionsofthissectionshallbecomeeffectiveJuly1,2026,andshallapplyonlytotax |
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| 194 | | - | 180creditsissuedonorafterJuly1,2026. |
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| 195 | | - | 67.3005.1.ForalltaxyearsbeginningonorafterJanuary1,2013,anytaxpayershall |
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| 196 | | - | 2beallowedacreditagainstthetaxesotherwisedueunderchapter143,147,or148,excluding |
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| 197 | | - | 3withholdingtaximposedbysections143.191to143.265,inanamountequaltofiftypercent |
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| 198 | | - | 4oftheamountofaneligibledonation,subjecttotherestrictionsinthissection.Theamount |
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| 199 | | - | 5ofthetaxcreditclaimedshallnotexceedtheamountofthetaxpayer'sstateincometax |
|---|
| 200 | | - | 6liabilityinthetaxyearforwhichthecreditisclaimed.Anyamountofcreditthatthetaxpayer |
|---|
| 201 | | - | 7isprohibitedbythissectionfromclaiminginataxyearshallnotberefundable,butmaybe |
|---|
| 202 | | - | 8carriedforwardtoanyofthetaxpayer'stwosubsequenttaxyears. |
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| 203 | | - | 9 2.Toclaimthecreditauthorizedinthissection,acertifiedsponsororlocalorganizing |
|---|
| 204 | | - | 10committeeshallsubmittothedepartmentanapplicationforthetaxcreditauthorizedbythis |
|---|
| 205 | | - | 11sectiononbehalfoftaxpayers.Thedepartmentshallverifythattheapplicanthassubmitted |
|---|
| 206 | | - | 12thefollowingitemsaccuratelyandcompletely: |
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| 207 | | - | 13 (1)Avalidapplicationintheformandformatrequiredbythedepartment; |
|---|
| 208 | | - | 14 (2)Astatementattestingtotheeligibledonationreceived,whichshallincludethe |
|---|
| 209 | | - | 15nameandtaxpayeridentificationnumberoftheindividualmakingtheeligibledonation,the |
|---|
| 210 | | - | 16amountoftheeligibledonation,andthedatetheeligibledonationwasreceived;and |
|---|
| 211 | | - | 17 (3)Paymentfromthecertifiedsponsororlocalorganizingcommitteeequaltothe |
|---|
| 212 | | - | 18valueofthetaxcreditforwhichapplicationismade. |
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| 213 | | - | 19 |
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| 214 | | - | HCSHB326 6 20Ifthecertifiedsponsororlocalorganizingcommitteeapplyingforthetaxcreditmeetsall |
|---|
| 215 | | - | 21criteriarequiredbythissubsection,thedepartmentshallissueacertificateintheappropriate |
|---|
| 216 | | - | 22amount. |
|---|
| 217 | | - | 23 3.Taxcreditsissuedunderthissectionmaybeassigned,transferred,sold,or |
|---|
| 218 | | - | 24otherwiseconveyed,andthenewownerofthetaxcreditshallhavethesamerightsinthe |
|---|
| 219 | | - | 25creditasthetaxpayer.Wheneveracertificateisassigned,transferred,sold,orotherwise |
|---|
| 220 | | - | 26conveyed,anotarizedendorsementshallbefiledwiththedepartmentspecifyingthename |
|---|
| 221 | | - | 27andaddressofthenewownerofthetaxcreditorthevalueofthecredit.Innoeventshallthe |
|---|
| 222 | | - | 28amountoftaxcreditsissuedbythedepartmentunderthissectionexceed[tenmillion] five |
|---|
| 223 | | - | 29hundredthousanddollarsinanyfiscalyear. |
|---|
| 224 | | - | 30 4.Thedepartmentshallpromulgaterulestoimplementtheprovisionsofthissection. |
|---|
| 225 | | - | 31Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatiscreatedunder |
|---|
| 226 | | - | 32theauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplieswithandis |
|---|
| 227 | | - | 33subjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028.Thissection |
|---|
| 228 | | - | 34andchapter536arenonseverableandifanyofthepowersvestedwiththegeneralassembly |
|---|
| 229 | | - | 35pursuanttochapter536toreview,todelaytheeffectivedate,ortodisapproveandannula |
|---|
| 230 | | - | 36rulearesubsequentlyheldunconstitutional,thenthegrantofrulemakingauthorityandany |
|---|
| 231 | | - | 37ruleproposedoradoptedafterAugust28,2013,shallbeinvalidandvoid. |
|---|
| 232 | | - | 38 5.Undersection23.253oftheMissourisunsetact: |
|---|
| 233 | | - | 39 (1)Theprovisionsofthenewprogramauthorizedunderthissectionandsection |
|---|
| 234 | | - | 4067.3000[andunderthissection] shallautomaticallysunsetsixyearsafterAugust28,[2019] |
|---|
| 235 | | - | 412026, unlessreauthorizedbyanactofthegeneralassembly;and |
|---|
| 236 | | - | 42 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissectionand |
|---|
| 237 | | - | 43section67.3000[andunderthissection] shallautomaticallysunsettwelveyearsafterthe |
|---|
| 238 | | - | 44effectivedateofthereauthorizationofthesesections;and |
|---|
| 239 | | - | 45 (3)Section67.3000andthissectionshallterminateonSeptemberfirstofthecalendar |
|---|
| 240 | | - | 46yearimmediatelyfollowingthecalendaryearinwhichtheprogramauthorizedunderthese |
|---|
| 241 | | - | 47sectionsissunset. |
|---|
| 242 | | - | 48 6.Therepealandreenactmentofsubsection5ofthissectionshallbecome |
|---|
| 243 | | - | 49effectiveAugust28,2025,andtherepealandreenactmentoftheremainderofthe |
|---|
| 244 | | - | 50provisionsofthissectionshallbecomeeffectiveJuly1,2026,andshallapplyonlytotax |
|---|
| 245 | | - | 51creditsissuedonorafterJuly1,2026. |
|---|
| 10 | + | SectionA.Sections135.341and135.647,RSMo,arerepealedandtwonewsections |
|---|
| 11 | + | 2enactedinlieuthereof,tobeknownassections135.341and135.647,toreadasfollows: |
|---|
| 329 | | - | 135.621.1.Asusedinthissection,thefollowingtermsmean: |
|---|
| 330 | | - | 2 (1)"Contribution",adonationofcash,stock,bonds,othermarketablesecurities,or |
|---|
| 331 | | - | 3realproperty; |
|---|
| 332 | | - | 4 (2)"Department",thedepartmentofsocialservices; |
|---|
| 333 | | - | 5 (3)"Diaperbank",anationaldiaperbankoranonprofitentitylocatedinthisstate |
|---|
| 334 | | - | 6establishedandoperatingprimarilyforthepurposeofcollectingorpurchasingdisposable |
|---|
| 335 | | - | 7diapersorotherhygieneproductsforinfants,children,orincontinentadultsandthatregularly |
|---|
| 336 | | - | 8distributessuchdiapersorotherhygieneproductsthroughtwoormoreschools,healthcare |
|---|
| 337 | | - | 9facilities,governmentalagencies,orothernonprofitentitiesforeventualdistributionto |
|---|
| 338 | | - | 10individualsfreeofcharge; |
|---|
| 339 | | - | 11 (4)"Nationaldiaperbank",anonprofitentitylocatedinthisstatethatmeetsthe |
|---|
| 340 | | - | 12followingcriteria: |
|---|
| 341 | | - | 13 (a)Collects,purchases,warehouses,andmanagesacommunityinventoryof |
|---|
| 342 | | - | 14disposablediapersorotherhygieneproductsforinfants,children,orincontinentadults; |
|---|
| 343 | | - | 15 (b)Regularlydistributesaconsistentandreliablesupplyofsuchdiapersor |
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| 344 | | - | 16otherhygieneproductsthroughtwoormoreschools,healthcarefacilities, |
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| 345 | | - | 17governmentalagencies,orothernonprofitentitiesforeventualdistributionto |
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| 346 | | - | 18individualsfreeofcharge,withtheintentionofreducingdiaperneed;and |
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| 347 | | - | 19 (c)Isamemberofanationalnetworkorganizationservingallfiftystates |
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| 348 | | - | 20throughwhichcertificationdemonstratesnonprofitbestpractices,data-drivenprogram |
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| 349 | | - | 21design,andequitabledistributionfocusedonbestservinginfants,children,and |
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| 350 | | - | 22incontinentadults; |
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| 351 | | - | 23 (5)"Taxcredit",acreditagainstthetaxotherwisedueunderchapter143,excluding |
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| 352 | | - | 24withholdingtaximposedundersections143.191to143.265,orotherwisedueunderchapter |
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| 353 | | - | 25148or153; |
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| 354 | | - | 26 [(5)](6)"Taxpayer",aperson,firm,partnerinafirm,corporation,orshareholderin |
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| 355 | | - | 27anScorporationdoingbusinessinthestateofMissouriandsubjecttothestateincometax |
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| 356 | | - | 28imposedunderchapter143;aninsurancecompanypayinganannualtaxonitsgrosspremium |
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| 357 | | - | 29receiptsinthisstate;anyotherfinancialinstitutionpayingtaxestothestateofMissourior |
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| 358 | | - | 30anypoliticalsubdivisionofthisstateunderchapter148;anexpresscompanythatpaysan |
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| 359 | | - | 31annualtaxonitsgrossreceiptsinthisstateunderchapter153;anindividualsubjecttothe |
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| 360 | | - | 32stateincometaxunderchapter143;oranycharitableorganizationthatisexemptfromfederal |
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| 361 | | - | HCSHB326 10 33incometaxandwhoseMissouriunrelatedbusinesstaxableincome,ifany,wouldbesubjectto |
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| 362 | | - | 34thestateincometaximposedunderchapter143. |
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| 363 | | - | 35 2.ForallfiscalyearsbeginningonorafterJuly1,2019,ataxpayershallbeallowed |
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| 364 | | - | 36toclaimataxcreditagainstthetaxpayer'sstatetaxliabilityinanamountequaltofiftypercent |
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| 365 | | - | 37oftheamountofsuchtaxpayer'scontributionstoadiaperbank. |
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| 366 | | - | 38 3.Theamountofthetaxcreditclaimedshallnotexceedtheamountofthetaxpayer's |
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| 367 | | - | 39statetaxliabilityforthetaxyearforwhichthecreditisclaimed,andsuchtaxpayershallnot |
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| 368 | | - | 40beallowedtoclaimataxcreditinexcessoffiftythousanddollarspertaxyear.However,any |
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| 369 | | - | 41taxcreditthatcannotbeclaimedinthetaxyearthecontributionwasmademaybecarried |
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| 370 | | - | 42overonlytothenextsubsequenttaxyear.Notaxcreditissuedunderthissectionshallbe |
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| 371 | | - | 43assigned,transferred,orsold. |
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| 372 | | - | 44 4.Exceptforanyexcesscreditthatiscarriedoverundersubsection3ofthissection, |
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| 373 | | - | 45notaxpayershallbeallowedtoclaimataxcreditunlessthetaxpayercontributesatleastone |
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| 374 | | - | 46hundreddollarstooneormorediaperbanksduringthetaxyearforwhichthecreditis |
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| 375 | | - | 47claimed. |
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| 376 | | - | 48 5.Thedepartmentshalldetermine,atleastannually,whichentitiesinthisstate |
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| 377 | | - | 49qualifyasdiaperbanks.Thedepartmentmayrequireofanentityseekingtobeclassifiedasa |
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| 378 | | - | 50diaperbankanyinformationwhichisreasonablynecessarytomakesuchadetermination. |
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| 379 | | - | 51Thedepartmentshallclassifyanentityasadiaperbankifsuchentitysatisfiesthedefinition |
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| 380 | | - | 52undersubsection1ofthissection. |
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| 381 | | - | 53 6.Thedepartmentshallestablishaprocedurebywhichataxpayercandetermineifan |
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| 382 | | - | 54entityhasbeenclassifiedasadiaperbank. |
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| 383 | | - | 55 7.Diaperbanksmaydeclineacontributionfromataxpayer. |
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| 384 | | - | 56 8.Thecumulativeamountoftaxcreditsthatmaybeclaimedbyallthetaxpayers |
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| 385 | | - | 57contributingtodiaperbanksinanyonefiscalyearshallnotexceedfivehundredthousand |
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| 386 | | - | 58dollars.Taxcreditsshallbeissuedintheordercontributionsarereceived.Iftheamountof |
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| 387 | | - | 59taxcreditsredeemedinataxyearislessthanfivehundredthousanddollars,thedifference |
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| 388 | | - | 60shallbeaddedtothecumulativelimitcreatedunderthissubsectionforthenextfiscalyear |
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| 389 | | - | 61andcarriedovertosubsequentfiscalyearsuntilclaimed. |
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| 390 | | - | 62 9.Thedepartmentshallestablishaprocedurebywhich,fromthebeginningofthe |
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| 391 | | - | 63fiscalyearuntilsomepointintimelaterinthefiscalyeartobedeterminedbythedepartment, |
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| 392 | | - | 64thecumulativeamountoftaxcreditsareequallyapportionedamongallentitiesclassifiedas |
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| 393 | | - | 65diaperbanks.Ifadiaperbankfailstouseall,orsomepercentagetobedeterminedbythe |
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| 394 | | - | 66department,ofitsapportionedtaxcreditsduringthispredeterminedperiodoftime,the |
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| 395 | | - | 67departmentmayreapportionsuchunusedtaxcreditstodiaperbanksthathaveusedall,or |
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| 396 | | - | 68somepercentagetobedeterminedbythedepartment,oftheirapportionedtaxcreditsduring |
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| 397 | | - | 69thispredeterminedperiodoftime.Thedepartmentmayestablishmultipleperiodseachfiscal |
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| 398 | | - | HCSHB326 11 70yearandreapportionaccordingly.Tothemaximumextentpossible,thedepartmentshall |
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| 399 | | - | 71establishtheproceduredescribedunderthissubsectioninsuchamannerastoensurethat |
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| 400 | | - | 72taxpayerscanclaimasmanyofthetaxcreditsaspossible,uptothecumulativelimitcreated |
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| 401 | | - | 73undersubsection8ofthissection. |
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| 402 | | - | 74 10.Eachdiaperbankshallprovideinformationtothedepartmentconcerningthe |
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| 403 | | - | 75identityofeachtaxpayermakingacontributionandtheamountofthecontribution.The |
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| 404 | | - | 76departmentshallprovidetheinformationtothedepartmentofrevenue.Thedepartmentshall |
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| 405 | | - | 77besubjecttotheconfidentialityandpenaltyprovisionsofsection32.057relatingtothe |
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| 406 | | - | 78disclosureoftaxinformation. |
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| 407 | | - | 79 11.Undersection23.253oftheMissourisunsetact: |
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| 408 | | - | 80 (1)Theprovisionsoftheprogramauthorizedunderthissectionshallautomatically |
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| 409 | | - | 81sunsetonDecemberthirty-firstsixyearsafterAugust28,[2018] 2025,unlessreauthorizedby |
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| 410 | | - | 82anactofthegeneralassembly; |
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| 411 | | - | 83 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissectionshall |
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| 412 | | - | 84automaticallysunsetonDecemberthirty-firstsixyearsaftertheeffectivedateofthe |
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| 413 | | - | 85reauthorizationofthissection; |
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| 414 | | - | 86 (3)ThissectionshallterminateonSeptemberfirstofthecalendaryearimmediately |
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| 415 | | - | 87followingthecalendaryearinwhichtheprogramauthorizedunderthissectionissunset;and |
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| 416 | | - | 88 (4)Theprovisionsofthissubsectionshallnotbeconstruedtolimitorinanyway |
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| 417 | | - | 89impairthedepartment'sabilitytoissuetaxcreditsauthorizedonorbeforethedatethe |
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| 418 | | - | 90programauthorizedunderthissectionexpiresorataxpayer'sabilitytoredeemsuchtax |
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| 419 | | - | 91credits. |
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