Missouri § 348.304 - Certificates, how issued, limitations, exchanges.
Full text of Missouri Revised Statutes of Missouri § 348.304 — Certificates, how issued, limitations, exchanges., with citation guidance and answers to common questions.
§ 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.
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(L. 1986 S.B. 591 § 3, A.L. 1991 S.B. 185)
Effective 6-18-91
---- end of effective 18 Jun 1991 ----
Frequently Asked Questions About Missouri § 348.304
What does Revised Statutes of Missouri § 348.304 cover?
Section 348.304 ("Certificates, how issued, limitations, exchanges.") 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 § 348.304?
A common citation format is "Revised Statutes of Missouri § 348.304" (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 § 348.304 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.