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.
| State: | Missouri |
| Effected Jurisdiction: | Missouri |
Jurisdiction type: | State |
| Fiscal year ending In: | 2018 |
| Program name: | Missouri Low Income Housing Tax Credit |
| Program purpose: | Affordable Housing |
| Statutory authority: | Revised Statutes of Missouri Sections 135.350-135.363 |
| Abating jurisdiction(s): | State of Missouri |
| Applicable taxes: | Income Tax; Corporate Franchise Tax; Bank Tax; Insurance Premium Tax; Financial Institutions Tax; Express Company Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | Property owners found to be out of compliance are subject to recapture through the provisions of Section 135.355, RSMo and IRS §42. |
| Gross revenue loss: | $169,139,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $169,139,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://oa.mo.gov/accounting/reports/annual-reports/annual-comprehensive... |
