HB 1111 -- Income Tax Credit for Universal Design Home
Construction

Sponsor:  Baker (25)

Beginning January 1, 2007, this bill authorizes an income tax
credit equal to 50% of the eligible expenditures for a business
to make a home accessible to disabled individuals based on the
universal design standards.  The maximum amount of the tax credit
will be $2,000 per project and can be taken against individual
and corporate income.  The tax credit cannot be transferred,
sold, or assigned.  The tax credit is not refundable, but can be
carried forward and claimed for up to three taxable years.

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

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am