« Return to search form

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 In2018
Program nameNeighborhood Preservation Tax Credit
Program purpose: Construction/rehabilitation
Statutory authority: Revised Statutes of Missouri Sections 135.475-135.487
Abating jurisdiction(s): State of Missouri
Applicable taxesIncome Tax; Corporate Franchise Tax; Bank Tax; Insurance Premium Tax; Financial Institutions Tax
Method of abatement: Tax Credit
Provisions for recapture: If the Director determines that the residence was not in good faith intended for longterm owner occupancy, then the Director may revoke any Tax Credits issued and seek recovery of those credits pursuant to Section 620.017, RSMo.
Gross revenue loss: $3,293,000
Reimbursement / offset: $0
Net revenue loss: $3,293,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://oa.mo.gov/accounting/reports/annual-reports/annual-comprehensive...