Missouri § 135.235 Tax credit for expense of training employees — small corporations and partnerships.

Missouri Statutes

§ 135.235 — Tax credit for expense of training employees — small corporations and partnerships.

Missouri § 135.235

Title XTAXATION AND REVENUE

Ch. 135Tax Relief

This text of Missouri § 135.235 (Tax credit for expense of training employees — small corporations and partnerships.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 135.235 (2026).

Text

To the extent that expenses incurred by a new business facility in an enterprise zone for the training of persons employed in the operation of the new business facility is not covered by an existing federal, state or local program, such new business facility shall be eligible for a full tax credit equal to eighty percent of that portion of such training expenses which are in excess of four hundred dollars for each trainee who is a resident of the enterprise zone or who was at the time of such employment at the new business facility unemployable or difficult to employ as defined in section 135.240 , provided such credit shall not exceed four hundred dollars for each employee trained.  In the case of a small corporation described in section 143.471 or a partnership, all credits allowed by th

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To the extent that expenses incurred by a new business facility in an enterprise zone for the training of persons employed in the operation of the new business facility is not covered by an existing federal, state or local program, such new business facility shall be eligible for a full tax credit equal to eighty percent of that portion of such training expenses which are in excess of four hundred dollars for each trainee who is a resident of the enterprise zone or who was at the time of such employment at the new business facility unemployable or difficult to employ as defined in section 135.240 , provided such credit shall not exceed four hundred dollars for each employee trained. In the case of a small corporation described in section 143.471 or a partnership, all credits allowed by this section shall be apportioned in proportion to the share of ownership of the business to the following:

(1) The shareholders of the corporation described in section 143.471 ; or

(2) The partners in a partnership.