HB 1603 (Truly Agreed) Reenacts and authorizes the republication of section 135.766 (Tax Credit for Small Business Guaranty Fees)
Current Bill Summary
- Prepared by Senate Research -

HB 1603 - This act reenacts the section of law regarding a tax credit received by eligible small businesses. The tax credit is equal to the guaranty fee required by the United States Small Business Administration to obtain guaranteed financing and to programs administered by the United States Department of Agriculture or the Farm Service Agency.

Senate Bill 894 of 2002 repealed this section but that bill was found to violate the single subject requirement of Article III, Section 23, of the Missouri Constitution. Therefore, the section is currently still law, but the revisor is not permitted to republish the text of the section. This act will republish the section.

This act is similar to SB 883.
JEFF CRAVER

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