| 1 | 1 | | FIRSTREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.611 |
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| 3 | 3 | | 103RDGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEWILSON. |
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| 5 | 5 | | 1796H.01I DANARADEMANMILLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Toamendchapter135,RSMo,byaddingtheretoonenewsectionrelatingtoinstructortax |
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| 8 | 8 | | creditsforcertaininstitutions. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Chapter135,RSMo,isamendedbyaddingtheretoonenewsection,tobe |
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| 11 | 11 | | 2knownassection135.453,toreadasfollows: |
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| 12 | 12 | | 135.453.1.Asusedinthissection,thefollowingtermsmean: |
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| 13 | 13 | | 2 (1)"Department",thedepartmentofrevenue; |
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| 14 | 14 | | 3 (2)"Eligiblecompensation",theamountofcompensationthatthequalified |
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| 15 | 15 | | 4taxpayercompensatedaqualifiedcareerandtechnicalinstructorforservicesduring |
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| 16 | 16 | | 5whichsuchinstructorwasengagedininstructionordutiesrelatingtoinstructionata |
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| 17 | 17 | | 6qualifiedinstitutionunderthememorandumofunderstanding; |
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| 18 | 18 | | 7 (3)"Qualifiedcareerandtechnicalinstructor",anyindividualwhomeetsthe |
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| 19 | 19 | | 8qualificationssetforthbytheHigherLearningCommissionGuidelinesonFaculty |
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| 20 | 20 | | 9CredentialsandQualifications,andwhoprovidesservicesforcompensationtoa |
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| 21 | 21 | | 10participatingbusinessorservicesforcompensationasaninstructorforacareertoa |
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| 22 | 22 | | 11qualifiedinstitution; |
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| 23 | 23 | | 12 (4)"Qualifiedinstitution",anyofthefollowingentities: |
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| 24 | 24 | | 13 (a)Acommunitycollegethathasexecutedamemorandumofunderstanding |
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| 25 | 25 | | 14withparticipatingbusinesseslocatedwithinsuchcommunitycollege'sdistrict; |
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| 26 | 26 | | 15 (b)Apublicorprivatepost-secondaryvocationalortechnicalschool; |
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| 27 | 27 | | 16 (c)Afacilityprovidingeducationalandrehabilitativeservicestochildrenin |
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| 28 | 28 | | 17juvenilecustody;or |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18 (d)Apublicorprivatefacilityprovidingeducationalandrehabilitativeservices |
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| 31 | 31 | | 19tochildrenwhohavebeenorderedbyacourttoreceivesuchservices; |
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| 32 | 32 | | 20 (5)"Qualifiedtaxpayer",anyindividual,firm,partnerinafirm,corporation, |
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| 33 | 33 | | 21partnership,shareholderinanScorporation,ormemberofalimitedliabilitycompany |
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| 34 | 34 | | 22subjecttothestateincometaximposedunderchapter143,excludingthewithholding |
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| 35 | 35 | | 23taximposedundersections143.191to143.265,whoemploysaqualifiedcareerand |
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| 36 | 36 | | 24technicalinstructorinafull-timepositionandallowssuchinstructortoprovide |
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| 37 | 37 | | 25instructionduringregularbusinesshourstoaqualifiedinstitution; |
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| 38 | 38 | | 26 (6)"Taxcredit",acreditagainstthetaxotherwisedueunderchapter143, |
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| 39 | 39 | | 27excludingwithholdingtaximposedundersections143.191to143.265. |
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| 40 | 40 | | 28 2.ForalltaxyearsbeginningonorafterJanuary1,2025,aqualifiedtaxpayer |
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| 41 | 41 | | 29shallbeallowedtoclaimataxcreditagainstthetaxpayer'sstatetaxliabilityinan |
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| 42 | 42 | | 30amountequaltofivethousanddollarsortheeligiblecompensationamountpaidtothe |
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| 43 | 43 | | 31qualifiedcareerandtechnicalinstructor,whicheverisless. |
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| 44 | 44 | | 32 3.Thetotaltaxcreditsclaimedbyaqualifiedtaxpayerunderthissectionshall |
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| 45 | 45 | | 33notexceedfivetaxcreditsforanygiventaxyear. |
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| 46 | 46 | | 34 4.Theapplicationforthetaxcreditsunderthissectionshallbemadetothe |
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| 47 | 47 | | 35departmentandshallincludeinformationonthequalificationsoftheinstructor,the |
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| 48 | 48 | | 36participatingqualifiedinstitution,compensationinformation,andanyothersuch |
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| 49 | 49 | | 37informationthatthedepartmentdeemsnecessary.Thedepartmentshallprescribethe |
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| 50 | 50 | | 38methodforclaimingthetaxcreditsallowedinthissectionandmaycollaboratewiththe |
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| 51 | 51 | | 39departmentofhighereducationandworkforcedevelopmentandthedepartmentof |
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| 52 | 52 | | 40elementaryandsecondaryeducationtosetforthadditionalguidelines,qualifications, |
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| 53 | 53 | | 41rules,andregulationstoeffectuatetheprovisionsofthissection. |
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| 54 | 54 | | 42 5.Thecumulativeamountoftaxcreditsallowedtoalltaxpayersunderthis |
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| 55 | 55 | | 43sectionshallnotexceedfivehundredthousanddollarsperfiscalyear.Iftheamountof |
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| 56 | 56 | | 44taxcreditsclaimedinafiscalyearunderthissectionexceedsfivehundredthousand |
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| 57 | 57 | | 45dollars,taxcreditsshallbeallowedbasedontheorderinwhichtheyareclaimed. |
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| 58 | 58 | | 46 6.Thetaxcreditsauthorizedunderthissectionshallbenonrefundableandshall |
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| 59 | 59 | | 47notbeassigned,transferred,sold,orotherwiseconveyed. |
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| 60 | 60 | | 48 7.Notaxcreditsauthorizedunderthissectionshallbecarriedforwardtoany |
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| 61 | 61 | | 49subsequenttaxyear. |
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| 62 | 62 | | 50 8.Thedepartmentofrevenue,inconjunctionwiththedepartmentofhigher |
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| 63 | 63 | | 51educationandworkforcedevelopmentandthedepartmentofelementaryandsecondary |
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| 64 | 64 | | 52education,shallpromulgateallnecessaryrulesandregulationsfortheadministrationof |
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| 65 | 65 | | 53thissection.Anyruleorportionofarule,asthattermisdefinedinsection536.010,that |
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| 66 | 66 | | 54iscreatedundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifit |
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| 67 | 67 | | HB611 2 55complieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable, |
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| 68 | 68 | | 56section536.028.Thissectionandchapter536arenonseverableandifanyofthepowers |
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| 69 | 69 | | 57vestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe |
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| 70 | 70 | | 58effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional, |
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| 71 | 71 | | 59thenthegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust |
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| 72 | 72 | | 6028,2025,shallbeinvalidandvoid. |
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| 73 | 73 | | âś” |
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| 74 | 74 | | HB611 3 |
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