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 Works - Business Incentives
Program purpose
Job retention
Statutory authority
Sections 620.2000-620.2020, RSMo
Abating jurisdiction(s)
State of Missouri
Applicable taxes: 
Income Tax; Bank Tax; Insurance Premium Tax; Other Financial Institutions Tax
Method of abatement
Tax credit; retention of withholding tax
Provisions for recapture
The agreement requires 100% of the benefits received to be repaid within 60 days for misrepresentation or out-of state location or one year for failure to file an annual report.
Gross revenue loss
$64,787,000
Reimbursement / offset
$0
Net revenue loss
$64,787,000
Type of loss
Active
Additional notes on dislosure: 
(none)