135.333. Credit exceeding tax due or applied for, not refunded--may be carried forward, time limit--effect of assignment, transfer or sale of tax credit. - Missouri Statutes

Credit exceeding tax due or applied for, not refunded--may be carriedforward, time limit--effect of assignment, transfer or sale oftax credit.

135.333. 1. Any amount of tax credit which exceeds the tax due orwhich is applied for and otherwise eligible for issuance but not issuedshall not be refunded but may be carried over to any subsequent taxableyear, not to exceed a total of five years for which a tax credit may betaken for each child adopted.

2. Tax credits that are assigned, transferred or sold as allowed insection 135.327 may be assigned, transferred or sold in their entiretynotwithstanding the taxpayer's tax due.

(L. 1987 S.B. 402 § 6, A.L. 1999 H.B. 316, et al., A.L. 2006 H.B. 1485 merged with S.B. 1229)