Missouri § 348.434 Limitations on credits issued.

Missouri Statutes

§ 348.434 — Limitations on credits issued.

Missouri § 348.434

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 348Authorities and Corporations for Economic and Technological Development — Small Businesses

This text of Missouri § 348.434 (Limitations on credits issued.) 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. § 348.434 (2026).

Text

1. The aggregate of tax credits issued per fiscal year pursuant to sections 348.430 and 348.432 shall not exceed six million dollars. 2. Upon July 2, 1999, and ending June 30, 2000, tax credits shall be issued pursuant to section 348.430 , except that, the authority shall allocate no more than three million dollars to fund section 348.432 in fiscal year 2000. Beginning in fiscal year 2001 and each subsequent year, tax credits shall be issued pursuant to section 348.432 . 3. Beginning the first day of May of each fiscal year following implementation of section 348.432 , the authority may determine the extent of tax credits, pursuant to section 348.432 , that will be utilized in each fiscal year. If the authority determines that:

(1)Less than six million dollars for a fiscal year i

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1. The aggregate of tax credits issued per fiscal year pursuant to sections 348.430 and 348.432 shall not exceed six million dollars.

2. Upon July 2, 1999, and ending June 30, 2000, tax credits shall be issued pursuant to section 348.430 , except that, the authority shall allocate no more than three million dollars to fund section 348.432 in fiscal year 2000. Beginning in fiscal year 2001 and each subsequent year, tax credits shall be issued pursuant to section 348.432 .

3. Beginning the first day of May of each fiscal year following implementation of section 348.432 , the authority may determine the extent of tax credits, pursuant to section 348.432 , that will be utilized in each fiscal year. If the authority determines that:

(1) Less than six million dollars for a fiscal year is to be utilized in tax credits pursuant to section 348.432 ; and

(2) The assets available to the authority, pursuant to section 348.430 , do not exceed twelve million dollars; then, the authority may offer the remaining authorized tax credits be issued pursuant to section 348.430 .