135.426. Unused balance of tax credit--director to issue a new certificate for unused balance. - Missouri Statutes

Unused balance of tax credit--director to issue a new certificate forunused balance.

135.426. The Missouri department of revenue orsecretary of state, whichever is applicable, shall accept acertificate of tax credit in lieu of other payment in suchamount as is equal to the lesser of the amount of the tax orthe remaining unused amount of the credit as indicated onthe certificate of tax credit; and shall indicate on thecertificate of tax credit the amount of tax thereby paid,the date of such payment, and the remainder of the unusedcredit available to the taxpayer after such payment. Thecertificate of the credit shall be returned to the directorof the department of economic development. The director ofthe department of economic development shall issue a newcertificate to the property owner for any unused balance.

(L. 1992 S.B. 661 & 620 § 13)

Effective 1-1-93