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MO HB1312
Bill
Status
4/27/2015
Primary Sponsor
Caleb Rowden
Click for details
AI Summary
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Department of Economic Development and other agencies administering tax credits must deliver an annual report to the General Assembly by January 15th classifying each state tax credit program as directly or indirectly benefiting the state
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"Direct benefit" is defined as tax revenues received by Missouri that would not otherwise be received but for the tax credit
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"Indirect benefit" is defined as tax revenues estimated based on a multiplier-effect or the Regional Economic Modeling, Inc. (REMI) dataset
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Report must include whether each tax credit program or demand for the credit has changed or been amended since the program's inception, along with stated outcomes of each program
Legislative Description
Requires the department of economic development to classify tax credits as either directly or indirectly benefiting the state
Last Action
Public Hearing Scheduled (S) - Wednesday, May 6, 2015, noon or upon morning adjournment, Senate Lounge, BILL NOT HEARD
5/4/2015