HCS HB 227 -- INCOME TAX CREDIT FOR STORM SHELTERS (Swinger)

COMMITTEE OF ORIGIN:  Special Committee on General Laws

This substitute authorizes a nonrefundable individual income tax
credit for 50% of the cost of the construction of a storm shelter
or $2,000, whichever is less.  Any storm shelter manufactured or
produced in the United States which is built on or after
January 1, 2003, will be eligible for the tax credit.

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

FISCAL NOTE:  Estimated Cost on General Revenue Fund of $31,188
to Unknown in FY 2008, $32,248 to Unknown in FY 2009, and $33,216
to Unknown in FY 2010.  No impact on Other State Funds in
FY 2008, FY 2009, and FY 2010.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:18 am