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.

State: 
Missouri
Reporting Jurisdiction: 
Missouri
Jurisdiction type
State
Fiscal year ending In: 
2019
Program name: 
Missouri Low Income Housing Tax Credit
Program purpose
Affordable housing
Statutory authority
Sections 135.350-135.363, RSMo
Abating jurisdiction(s)
State of Missouri
Applicable taxes: 
Income Tax; Corporate Franchise Tax; Insurance Premium Tax; Other 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. The MOLIHTC reduced state taxes by $153,024,000 during fiscal year 2019.
Gross revenue loss
$153,024,000
Reimbursement / offset
$0
Net revenue loss
$153,024,000
Type of loss
Active
Additional notes on dislosure: 
(none)