HB 2571 -- Tax Credits

Sponsor:  Robb

Currently, tax credits for certain state incentive programs can
be carried back three years.  For tax years beginning January 1,
2009, this bill prohibits a taxpayer from carrying tax credits
back to any of the three prior taxable years for:

(1)  Owning interest in a qualified project (Section 135.352,
RSMo);

(2)  Rehabilitation or construction of residences in distressed
communities and census blocks (Section 135.484);

(3)  Relocating a business to a distressed community (Section
135.535);

(4)  Investing in transportation development in a distressed
community (Section 135.545);

(5)  Historic structures (Section 253.557);

(6)  Agricultural product utilization contributions (Section
348.430); and

(7)  New generation cooperative incentives (Section 348.432).

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm