MO SB1054

Repeals and replaces sections 135.800 and 135.802 of Missouri law and enacts new section 135.807 relating to the "Tax Credit Accountability Act of 2004"

Requires applicants for specified tax credit programs (agricultural product utilization, business recruitment, entrepreneurial, low-income housing, and redevelopment credits) to provide a sworn statement that they have not contributed to any political committee within two calendar years before filing and will not contribute for two years after receiving the credits

Prohibits recipients of the specified tax credits from making direct or indirect contributions to any political committee for two calendar years following the date of filing the required statement

Subjects tax credits to recapture if a recipient is found to have violated the contribution restrictions, requiring repayment of any credits already redeemed

Effective date of August 28, 2010 for the campaign contribution restrictions on tax credit recipients