HB 210 -- Tax Credit for Equity Investments

Sponsor:  Robb

Beginning January 1, 2008, this bill authorizes a tax credit
equal to 5% of the adjusted purchase price paid to the issuer of
a qualified equity investment for three years.  A tax credit
equal to 6% of the adjusted purchase price is authorized for the
following four years.  The tax credits are not transferable or
refundable but may be carried forward until used.  No more than
$15 million in these tax credits can be allocated annually.

The state is allowed to recapture credits when permissible under
federal law and in situations where the issuer redeems or makes
any principal repayments with respect to the qualified investment
before the seventh anniversary of the investment's issuance.  Any
tax credit subject to recapture will be taken from the taxpayer
that claimed the tax credit on a return.

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 11:18 am