348.310. Acceptance of certificate in lieu of payment, reissuance of certificate for amount of unused balance. - Missouri Statutes

Acceptance of certificate in lieu of payment, reissuance ofcertificate for amount of unused balance.

348.310. The Missouri department of revenue shall accept acertificate of tax credit in lieu of other payment in such amountas is equal to the lesser of the amount of the tax or theremaining unused amount of the credit as indicated on thecertificate of tax credit; and shall indicate on the certificateof tax credit the amount of tax thereby paid, the date of suchpayment, and the remainder of the unused credit available to thetaxpayer after such payment. The certificate of tax credit shallbe returned to the director of the department of economicdevelopment. The director of the department of economicdevelopment shall issue a new certificate to the proper owner forany unused balance.

(L. 1986 S.B. 591 § 6)

Effective 5-30-86