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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
Effected JurisdictionMissouri
Jurisdiction type: State
Fiscal year ending In2019
Program nameBrownfield Remediation
Program purpose: Brownfield rehabilitation
Statutory authority: Sections 447.700-447.718, RSMo
Abating jurisdiction(s): State of Missouri
Applicable taxesIncome Tax; Corporate Franchise Tax; Insurance Premium Tax; Bank Tax; Other Financial Institutions Tax
Method of abatement: Tax Credit
Provisions for recapture: The Tax Credits may be subject to recapture in the event the owner sells the abandoned or underutilized property within a 5 year period after the receipt of remediation Tax Credits, grants, loans or loan guarantee.
Gross revenue loss: $13,029,000
Reimbursement / offset: $0
Net revenue loss: $13,029,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://oa.mo.gov/accounting/reports/annual-reports/annual-comprehensive...