HB 2207 Summary

• Repeals and reenacts 54 sections of Missouri law to make all state tax credit programs subject to appropriations rather than automatic authorization

• Establishes that no tax credits can be authorized after June 30, 2015, unless the General Assembly makes a specific appropriation under new section 135.821

• Creates separate dedicated funds in the state treasury for each major tax credit program (e.g., Neighborhood Assistance Fund, Business Facility Fund, Quality Jobs Fund) to track appropriations and spending

• Requires administering agencies to request annual appropriations by October 1st, with appropriation amounts limiting the maximum tax credits that can be authorized in each fiscal year

• Protects existing vested rights by allowing recipients to redeem tax credits that were authorized before July 1, 2015, regardless of appropriation status after that date