Missouri § 135.333 - Credit exceeding tax due or applied for, refundable, when — effect of assignment, transfer or sale of tax credit.
Full text of Missouri Revised Statutes of Missouri § 135.333 — Credit exceeding tax due or applied for, refundable, when — effect of assignment, transfer or sale of tax credit., with citation guidance and answers to common questions.
§ 135.333. Credit exceeding tax due or applied for, refundable, when — effect of assignment, transfer or sale of tax credit.
1. (1) For tax years beginning on or before December 31, 2023, any amount of tax credit which exceeds the tax due or which is applied for and otherwise eligible for issuance but not issued shall not be refunded but may be carried over to any subsequent tax year, not to exceed a total of five years for which a tax credit may be taken for each child adopted.
(2) For all tax years beginning on or after January 1, 2024, any amount of tax credit that is issued and which exceeds the tax due shall be refunded to the taxpayer; however, any tax credits carried forward from tax years beginning on or before December 31, 2023, shall not be refundable.
2. Tax credits that are assigned, transferred or sold as allowed in section 135.327 may be assigned, transferred or sold in their entirety notwithstanding the taxpayer's tax due.
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(L. 1987 S.B. 402 § 6, A.L. 1999 H.B. 316, et al., A.L. 2006 H.B. 1485 merged with S.B. 1229, A.L. 2023 S.B. 24)
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Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 135.333
What does Revised Statutes of Missouri § 135.333 cover?
Section 135.333 ("Credit exceeding tax due or applied for, refundable, when — effect of assignment, transfer or sale of tax credit.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 135.333?
A common citation format is "Revised Statutes of Missouri § 135.333" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 135.333 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.