Section 16.19 State Tax Credits
| Library | Local Government Deskbook (2017 Ed.) |
C. (§16.19) State Tax Credits
Missouri offers state income tax credits to private businesses engaging in certain approved development activities. Unlike deductions, which reduce the amount of taxable income, tax credits reduce actual taxes due. Thus, each dollar of tax credit represents one dollar of value to a private entity having a positive tax liability. Inherently, state tax credit programs vary from time to time depending on the priorities of the General...
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