HB 590 -- TAXATION:  SMALL BUSINESS TAX CREDITS FOR ADA
IMPROVEMENTS

SPONSOR:  Graham

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Ways and Means by a vote of 14 to 0.

This bill changes the administration of the tax credits for
small businesses for amounts paid or incurred to comply with the
Americans with Disabilities Act of 1990.  Under current law, the
tax credits are administered exclusively by the Department of
Revenue.  The bill requires the departments of Economic
Development and Revenue to jointly administer the tax credits.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that having the credit jointly
administered by the Department of Revenue and the Department of
Economic Development will make more small businesses aware that
the credit is available.

Testifying for the bill was Representative Graham.

OPPONENTS:  There was no opposition voiced to the committee.

Bill Tucker, Assistant Director of Research

Missouri House of Representatives
Last Updated November 26, 2001 at 11:44 am