HB 779 -- Tax Credit for Qualified Equity Investments

Sponsor:  Robb

This bill authorizes an income tax credit for an amount equal to
the applicable percentage of the adjusted purchase price paid to
the issuer of a qualified equity investment.  The tax credit is
non-refundable but may be carried forward two years.

If any amount of the federal tax credit available for a qualified
equity investment is recaptured under the provisions of the
Internal Revenue Code, the Department of Revenue can recapture a
portion of the credit granted with respect to the qualified
equity investment.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm