HB 233 -- Tax Credits:  Lead Abatement Projects

Sponsor:  Dougherty

This bill authorizes various state tax credits to owners of
certain child-occupied facilities who participate in a lead
abatement project.  The credit may be taken against income tax,
franchise tax, or financial institutions tax.

The credit will be equal to 50% of the lead abatement cost to
the owner and cannot be claimed in more than 2 consecutive
years.  The credit is not refundable but can be carried back for
3 years or forward for 5 years.

The bill requires a tax certificate from the Department of
Health to qualify for the credit.

The credit will apply to tax year 2002 and thereafter.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:43 am