- 1. To claim the credit authorized pursuant to sections 253.550 to 253.561, the taxpayer shall apply to the department of economic development which, in consultation with the department of natural resources, shall determine the amount of eligible rehabilitation costs and expenses and whether the rehabilitation meets the standards of the Secretary of the United States Department of the Interior. The issuing of certificates of eligible credits to taxpayers shall be performed by the department of economic development. The taxpayer shall attach the certificate to all Missouri income tax returns on which the credit is claimed.
- 2. The department of economic development shall determine, on an annual basis, the overall economic impact to the state from the rehabilitation of eligible property.
(L. 1997 2d Ex. Sess. S.B. 1)
Effective 1-1-98