Missouri § 348.302 - Tax credit, evidenced by certificate — may be used when — limitations on credit, credits transferable.
Full text of Missouri Revised Statutes of Missouri § 348.302 — Tax credit, evidenced by certificate — may be used when — limitations on credit, credits transferable., with citation guidance and answers to common questions.
§ 348.302. Tax credit, evidenced by certificate — may be used when — limitations on credit, credits transferable.
1. Any person who makes a qualified contribution to a qualified fund shall be entitled to receive a tax credit equal to fifty percent of the amount of the qualified contribution. The tax credit shall be evidenced by a tax credit certificate in accordance with the provisions of sections 348.300 to 348.318 and may be used to satisfy the state tax liability of the owner of such certificate that becomes due in the tax year in which the qualified contribution is made, or in any of the ten tax years thereafter. No person may receive a tax credit pursuant to sections 348.300 to 348.318 unless that person presents a tax credit certificate to the department of revenue for payment of such state tax liability.
2. The amount of such qualified contributions which can be made is limited so that the aggregate of all tax credits authorized under the provisions of sections 348.300 to 348.318 shall not exceed nine million dollars. All tax credits authorized under the provisions of this section may be transferred, sold or assigned.
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(L. 1986 S.B. 591 § 2, A.L. 1992 S.B. 661 & 620, A.L. 1998 H.B. 1656)
Effective 1-01-99
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 348.302
What does Revised Statutes of Missouri § 348.302 cover?
Section 348.302 ("Tax credit, evidenced by certificate — may be used when — limitations on credit, credits transferable.") 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 § 348.302?
A common citation format is "Revised Statutes of Missouri § 348.302" (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 § 348.302 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.