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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateMissouri
Reporting JurisdictionMissouri
Jurisdiction type: State
Fiscal year ending In2019
Program nameDevelopment Tax Credit
Program purpose: Job Creation/Retention
Statutory authority: Revised Statutes of Missouri Sections 32.100-32.125
Abating jurisdiction(s): State of Missouri
Applicable taxesIncome Tax; Corporate Franchise Tax; Bank Tax; Insurance Premium Tax; Financial Institutions Tax; Express Company Tax
Method of abatement: Tax Credit
Provisions for recapture: DED may recapture Tax Credits up to the amount issued if the non-profit fails to complete the project or comply with the agreement. The non-profits only and not the donors are subject to the recapture.
Gross revenue loss: $374,000
Reimbursement / offset: $0
Net revenue loss: $374,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://oa.mo.gov/accounting/reports/annual-reports/annual-comprehensive...