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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.

Effected JurisdictionMissouri
Jurisdiction type: State
Fiscal year ending In2020
Program nameMissouri Works - Business Incentives
Program purpose: Job Creation/Retention
Statutory authority: Revised Statutes of Missouri Sections Sections 620.2000-620.2020
Abating jurisdiction(s): State of Missouri
Applicable taxesIncome Tax; Bank Tax; Insurance Premium Tax; Financial Institutions Tax
Method of abatement: Tax Credit
Provisions for recapture: Taxes may be recaptured due to misrepresentation, out-of-state relocation, or failure to file an annual report. The agreement requires 100% of the benefits received to be repaid within 60 days for misrepresentation or out-of state location or one year for failure to file an annual report.
Gross revenue loss: $113,472,000
Reimbursement / offset: $0
Net revenue loss: $113,472,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://oa.mo.gov/accounting/reports/annual-reports/annual-comprehensive...