MO SB662

Repeals and reenacts section 135.800, RSMo, relating to the Tax Credit Accountability Act of 2004

Expands the definition of "all tax credit programs" to include any program that allows a credit against state tax otherwise due created by statute on or after August 28, 2012

Requires the Department of Economic Development to assign all new tax credit programs created after August 28, 2012 to one of thirteen defined tax credit categories (agricultural, business recruitment, community development, domestic and social, entrepreneurial, environmental, financial and insurance, housing, redevelopment, and training and educational)

Corrects two cross-reference citations: changes "135.975" to "135.970" in the enhanced enterprise zone definition and "253.561" to "253.559" in the historic preservation tax credit definition

Maintains existing definitions for "administering agency" and "recipient" to establish accountability and reporting requirements for tax credit programs