SB 1023 Limits the total amount of tax credits available for qualified investments in Missouri small business
Sponsor:Yeckel
LR Number:4522S.01I Fiscal Note:4522-01
Committee:Local Government and Economic Development
Last Action:03/07/00 - Hearing Conducted S Local Government & Economic Journal page:
Development Committee
Title:
Effective Date:August 28, 2000
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Current Bill Summary

SB 1023 - This act limits the total amount of tax credits available for qualified investments in Missouri small business. The aggregate amount of all tax credits issued will not exceed thirty million dollars. The amount of the credits available for qualified investments in Missouri small business will not exceed twenty-four million dollars with at least four million dollars authorized exclusively for investment in Missouri small business in distressed communities. Aggregate investments eligible for tax credits in any one Missouri small business will be no more than one million dollars and no less than five thousand dollars.
DAVID TALLMAN