FIRST REGULAR SESSION
SENATE BILL NO. 67
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR HENDERSON.
1327S.01I KRISTINA MARTIN, Secretary
AN ACT
To amend chapter 143, RSMo, by adding thereto one new section relating to tax credits.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Chapter 143, RSMo, is amended by adding thereto 1
one new section, to be known as section 143.512, to read as 2
follows:3
143.512. In the event a taxpayer is denied part or all 1
of a tax credit to which the taxpayer has qualified pursuant 2
to any provision of law due to lack of available funds, and 3
such denial causes a balance-due notice to be generated by 4
the department of revenue or any other redeeming agency, a 5
taxpayer shall not be held liable for any penalty or 6
interest on such balance due, provided the balance is paid 7
or approved payment arrangements have been made within sixty 8
days from the notice of denial. Any payments not timely 9
made pursuant to this section shall be subject to penalty 10
and interest pursuant to this chapter. 11