MO SB724

Administering agencies must verify that tax credit applicants do not owe delinquent income, sales, use, insurance, property, or federal taxes before authorizing credit applications.

Tax credit applications cannot be authorized until applicants have remedied any tax delinquencies or made formal arrangements to remedy them.

Applicants who purposely employ unauthorized aliens must forfeit unredeemed tax credits and repay any credits already redeemed during the period of unauthorized alien employment.

These requirements apply to all tax credit programs including enhanced enterprise zone credits under section 135.967 and other tax credit programs under section 135.815.

The bill removes the previous provision that allowed tax credits to be issued while reducing the credit amount by the applicant's tax delinquency.