HB 1974 -- Tax Credit for Qualified Equity Investments

Sponsor:  Robb

Beginning January 1, 2007, this bill authorizes a tax credit
equal to 5% of the adjusted purchase price paid to the issuer of
a qualified equity investment.  The tax credits are not
transferable or refundable, but may be carried forward until
used.  The bill allows for state recapture of credits where
permissible under federal law.

The provisions of the bill will expire six years from the
effective date.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:45 am