Mo. Code Regs. tit. 4 § 85-5.030

Current through Register Vol. 49, No. 24, December 16, 2024

Section 4 CSR 85-5.030 - Preliminary and Excess Tax Credits Application Evaluation-Projected Net Fiscal Benefit

PURPOSE: This proposed amendment clarifies which applications require a net fiscal benefit evaluation and require the applicant to submit the analysis of municipal net fiscal benefit.

For purposes of evaluating a preliminary application for authorization of tax credits and an excess tax credits application for issuance of tax credits pursuant to section 253.559.3(1) (a), RSMo, the projected net fiscal benefit to the state shall be reasonably determined by the department. The projected net fiscal benefit to the municipality may be provided by the applicant, or if the applicant so chooses, determined by the department, based on information provided by the applicant.

4 CSR 85-5.030

AUTHORITY: section 135.487, RSMo 2000 and section 620.010, HB 788, Second Regular Session, Ninety-fourth General Assembly, 2008.* Original rule filed July 8, 2008, effective Feb. 28, 2009.

Amended by Missouri Register October 1, 2019/Volume 44, Number 19, effective 11/30/2019

Amended by Missouri Register February 1, 2024/volume 49, Number 03, effective 3/31/2024.

*Original authority: 135.487, RSMo 1999 and 620.010, RSMo 1971, amended 1981, 1983, 1986, 1989, 1990, 1993, 1994, 1995, 1999, 2001, 2007, 2008.