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 or Territory: | Missouri |
| Effected Jurisdiction: | Missouri |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2021 |
| 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; Insurance Premium Tax; Financial Institutions Tax; Express Company Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | The Missouri Housing Development Commission monitors the properties for compliance and reports non-compliance to the Internal Revenue Service and Missouri Department of Revenue. 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: | $144,395,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $144,395,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://oa.mo.gov/accounting/reports/annual-reports/annual-comprehensive... |
