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MO SB377
Bill
Status
Introduced
2/28/2011
Primary Sponsor
Mike Parson
Click for details
AI Summary
- Repeals and reenacts section 137.1018, RSMo, relating to the rolling stock tax credit program
- Extends the sunset date of the rolling stock tax credit program from six years after August 28, 2008, to August 2020
- Allows freight line companies a tax credit equal to eligible expenses incurred in Missouri to manufacture, maintain, or improve qualified railcars, subject to appropriation
- Permits freight line companies to apply for the credit with the state tax commission by submitting a prescribed application form
- Requires the state to reimburse political subdivisions annually for revenue decreases resulting from the tax credit provisions
Legislative Description
Extends the sunset on rolling stock tax credits
Last Action
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
3/3/2011
Committee Referrals
Ways And Means And Fiscal Oversight3/3/2011
Full Bill Text
No bill text available