HB 1974 -- Public-Private Partnerships

Sponsor:  Schlottach

Beginning January 1, 2009, this bill authorizes a tax credit for
taxpayers who receive revenue from a public-private partnership.
The tax credit amount will be equal to the amount of revenues
received in the taxable year for which the tax credit is claimed
but cannot exceed the amount of the taxpayer's state tax
liability for the tax year.  The tax credit can be taken against
income tax, corporate franchise tax, insurance premium tax,
financial institutions tax, and express company tax liability.

An exemption from state and local sales and use tax is authorized
for all sales and purchases of tangible personal property,
utilities, and services used by contractors for completing a
public-private partnership project.

The provisions regarding the tax credit will expire December 31
six years from the effective date.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm