Missouri Revised Statutes













Chapter 348

Authorities and Corporations for Economic and Technological Development--Small Businesses

←348.306

Section 348.308.1

348.310→

August 28, 2015

Duties of director of economic development--issuance of certificates.

348.308. 1. The director of the department of economic development shall

be responsible for the administration and issuance of the certificate of tax

credits authorized by sections 348.300 to 348.318*. The director of the

department of economic development shall issue a certificate of tax credit at

the request of any qualified economic development organization. Each request

shall include a true copy of the documents creating the qualified fund and

the interest of the qualified economic development organization in the

qualified fund, the name of the person who is to receive a certificate of tax

credit, the type of state tax liability, as specified in subdivision (10) of

section 348.300, against which the tax credit is to be used, and the amount of

the certificate of tax credit to be issued to the person making the qualified

contribution. Each request shall be acknowledged under oath by the person

making the qualified contribution and the president of the qualified economic

development organization.



2. In the event that two or more qualified economic development

organizations have an interest in a qualified fund, either or both of such

qualified economic development organizations may request issuance of

certificates of tax credit in accordance with the provisions of sections

348.300 to 348.318* to persons contributing to qualified funds.



(L. 1986 S.B. 591 § 5)



Effective 5-30-86



*Words "this act" appear in original rolls. S.B. 591 (1986) also

contains §§ 100.310 and 100.390.







Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.