135.405. Total tax credit minimum--maximum--not to limit other investments. - Missouri Statutes

Total tax credit minimum--maximum--not to limit other investments.

135.405. The total amount of tax credit evidenced by certificates oftax credit issued to or owned, directly or indirectly, by a single taxpayerauthorized by the department who has invested in a Missouri small businessshall be not less than one thousand five hundred dollars nor more than anaggregate of one hundred thousand dollars in any one business, except thatthis section shall not be interpreted to limit other investment. Theselimits shall not apply to investments in community banks or communitydevelopment corporations or to investments in Missouri small businesses indistressed communities, as defined in section 135.530.

(L. 1992 S.B. 661 & 620 § 9 subsec. 3, A.L. 1994 H.B. 1547 & 961, A.L. 1996 H.B. 1237, A.L. 1997 2d Ex. Sess. S.B. 1, A.L. 1998 H.B. 1656)

Effective 1-1-99