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:
Neighborhood Preservation Tax Credit
Program purpose:
Construction/rehabilitation
:
Statutory authority:
Sections 135.475-135.487, RSMo
:
Abating jurisdiction(s):
State of Missouri
:
Applicable taxes:
Income Tax; Corporate Franchise Tax; Insurance Premium Tax; Other 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:
$2,807,000
:
Reimbursement / offset:
$0
:
Net revenue loss:
$2,807,000
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
