HCS HB 1182 -- TAX CREDITS (Munzlinger)

This substitute 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 substitute 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 stock insurance fund.

The substitute 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.

FISCAL NOTE:  No impact on state funds.

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