HB 1848 -- Economic Development Tax Credit Programs

Co-Sponsors:  Hegeman, Merideth

This bill:

(1)  Limits tax credits for new and expanding businesses to $6.75
million annually;

(2)  Limits tax credits for new or expanded business facility's
in an enterprise zone to $22.4 million annually;

(3)  Limits tax credits for grape and wine producers to $460,000
annually;

(4)  Limits tax credits for historic structures rehabilitation to
$36 million annually; and

(5)  Limits tax credits for abandoned property and redevelopment
projects to $4.5 million annually.

For each of these tax credit programs, the bill requires the
Director of the Department of Economic Development to
re-apportion the annual tax credit amounts throughout the fiscal
year, so that each qualifying recipient receives a tax credit of
equal value.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am