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: | Neighborhood 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 taxes: | Income 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 long-term 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: | $7,012,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $7,012,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://oa.mo.gov/accounting/reports/annual-reports/annual-comprehensive... |
