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Current as of January 01, 2025 | Updated by Findlaw Staff
1. A taxpayer shall apply to the department for approval to participate in the program authorized by sections 135.276 to 135.283. The application shall be in a form prescribed by and contain all information requested by the department to determine eligibility for the program and for the department to make its decision whether to approve the taxpayer for participation in the program.
2. The department may issue an approval contingent upon the successful execution of an agreement between the department and the taxpayer seeking approval of a facility as a retained business facility which shall include, but not be limited to, the following:
(1) A detailed description of the project that is the subject of the agreement;
(2) A requirement that the taxpayer shall annually report to the department the total amount of salaries and wages paid to eligible employees in retained business facility jobs, and any other information the department requires to confirm compliance with the requirements of sections 135.276 to 135.283;
(3) A requirement that the taxpayer shall provide written notification to the director not more than thirty days after the taxpayer makes or receives a proposal that would transfer the taxpayer's state tax liability obligations to a successor taxpayer;
(4) A requirement that the taxpayer shall maintain operations at the facility location for at least ten years at a certain employment level;
(5) The requirements otherwise required by sections 135.276 to 135.283; and
(6) A provision for repayment of incentives upon breach of the agreement.
Cite this article: FindLaw.com - Missouri Revised Statutes Title X. Taxation and Revenue § 135.283. Program application--approval by department--executed agreement required, contents - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-x-taxation-and-revenue/mo-rev-st-135-283/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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