MO HB2530

Terminates over 30 Missouri tax credit programs by establishing sunset dates, prohibiting new authorizations after August 28, 2016, and new issuances after December 31, 2017 or June 30, 2017 depending on the program

Tax credits issued before the sunset deadlines that are not redeemed in the period the contribution was made may be carried forward to the taxpayer's ten subsequent tax years, with redemption limited to no more than 10% of the carried-forward amount per year

Requires the Office of Administration to develop a "redeemable tax credit budget" tracking the reduction in revenue from tax credits eligible to be carried forward under sunset programs

Requires a constitutional majority of both chambers of the General Assembly to review and approve estimates of total redeemable amounts before any carried-forward tax credits can be redeemed

Affected programs include neighborhood assistance, historic preservation, low-income housing, enterprise zones, brownfield redevelopment, small business incubators, Missouri Works, and numerous other economic development tax credit programs