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: 
Development Tax Credit
Program purpose
Job creation
Statutory authority
Sections 32.100-32.125, RSMo
Abating jurisdiction(s)
State of Missouri
Applicable taxes: 
Income Tax; Corporate Franchise Tax; Insurance Premium Tax; Bank Tax; Other Financial Institutions Tax
Method of abatement
Tax credit
Provisions for recapture
DED may recapture tax credits up to the amount issued if the non-profit fails to complete the project or comply with the agreement. The non-profits only and not the donors are subject to the recapture.
Gross revenue loss
$374,000
Reimbursement / offset
$0
Net revenue loss
$374,000
Type of loss
Active
Additional notes on dislosure: 
(none)