HB 25 -- Tax Credits for Distressed Communities

Co-Sponsors:  Johnson (47), Taylor, Shoemaker (8)

This bill relates to tax credits for distressed communities.  For
any project located within a distressed community, the following
tax credits will no longer be approved, awarded, or issued after
January 1, 2004:

(1)  Tax credits for any business that engages in providing
affordable housing assistance activities or market rate housing
in distressed communities;

(2)  Tax credits for any business that makes a contribution to a
neighborhood organization, a significant part of whose activities
consist of affordable housing assistance activities or market
rate housing in distressed communities;

(3)  Business Use Incentives for Large-Scale Development (BUILD)
tax credits for projects located in a distressed community;

(4)  Tax credits for a new or expanded business facility located
within a distressed community;

(5)  Tax credits for investors who make a qualified investment in
a Missouri small business that is located within a distressed
community;

(6)  Tax credits for any qualifying residence or any eligible
costs incurred for a new residence in a distressed community;

(7)  Tax credits for certified capital investments in any
Missouri business located in a distressed community;

(8)  Tax credits for relocating any business in a distressed
community;

(9)  Tax credits for investment in transportation development in
a distressed community;

(10)  Tax credits for any qualified contributions to qualified
funds associated with the Missouri Technology Corporation; and

(11)  Tax credits for training costs associated with the Missouri
Individual Training Account Program.

Missouri House of Representatives
Last Updated July 10, 2003 at 4:13 pm