HB 1182 -- Tax Credits

Sponsor:  Munzlinger

This bill allows the following tax credits to be taken against
estimated quarterly taxes paid:

(1)  Credits for investments in eligible new generation
cooperatives or eligible new generation processing entities; and

(2)  Credits received for contributions to the Agricultural
Product Utilization Grant Fund.

The bill adds eligible new generation cooperatives, eligible new
generation processing entities, and agricultural product
utilization contributor tax credits to the restriction that the
tax credits taken against insurance premiums will not reduce
moneys transferred to the county foreign insurance fund.

The bill decreases the required number of employees in an
employee-qualified capital project from 100 to 60 for investors
to receive a New Generation Cooperative Incentive Tax Credit.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:14 am