Read 1st time February 7, 2000, and 1000 copies ordered printed.
ANNE C. WALKER, Chief Clerk
AN ACT
To amend chapter 135, RSMo, relating to tax relief by adding thereto one new section relating to the tax credit for building universal design homes.
Section A. Chapter 135, RSMo, is amended by adding thereto one new section, to be known as section 135.954, to read as follows:
135.954. 1. For all tax years beginning on or after January 1, 2001, any individual who builds a universal design home within this state shall be allowed a one-time nonrefundable credit against the tax otherwise due pursuant to chapter 143, RSMo, not including sections 143.191 to 143.265, RSMo, for the tax year in which construction of such home is completed, in an amount equal to two thousand five hundred dollars. As used in this section, "universal design home" means a residential dwelling containing no-step entry, lever door handles and the following minimum dimensions: a thirty-six inch wide entryway; four feet wide hallways; thirty-two inch wide interior doors and a bathroom measuring at least five feet by four feet.
2. To claim a tax credit allowed pursuant to this section, an individual shall submit an application to the department of economic development along with any documentation deemed necessary by the department of economic development. The department of economic development shall, upon receipt of an application and appropriate documentation, issue such individual a certificate of tax credit in the amount of two thousand five hundred dollars and shall certify such credit to the department of revenue.
3. The department of economic development is authorized to promulgate any rules necessary for the implementation of the tax credit allowed by this section. No rule or portion of a rule shall become effective unless it has been promulgated pursuant to the provisions of chapter 536, RSMo.
4. An individual need not file such certificate of tax credit issued pursuant to this section with his or her tax
return, but shall retain such certificate or certificates of tax credit with all other tax records for the tax year in
which the credit is claimed.
Missouri House of Representatives