Missouri Revised Statutes Title XXIII. Corporations, Associations and Partnerships § 348.304. Certificates, how issued, limitations, exchanges

The total amount of credit evidenced by certificates of tax credit issued to taxpayers at the request of any one qualified economic development organization shall not exceed two million dollars;  except that, this two-million-dollar limitation shall not apply to certificates of tax credit issued after January 1, 1996.  Prior to January 1, 1996, any qualified economic development organization may enter into a contractual agreement with any other qualified economic development organization to allocate to the latter any portion of the two million dollars of tax credits which it is authorized to issue to taxpayers under the provisions of this section.  The certificate of tax credit may be issued in one aggregate certificate or in a reasonable number of multiple certificates in regard to one qualified contribution.  Any issued certificate may be surrendered in exchange for new certificates not to exceed in value the value of the issued certificate.  The number and denomination of multiple certificates, if issued, shall be determined by the director of the department of economic development.