Missouri § 135.363 - Sale, assignment, transfer of tax credits allowed, when — statement required, submission to director — rules.
Full text of Missouri Revised Statutes of Missouri § 135.363 — Sale, assignment, transfer of tax credits allowed, when — statement required, submission to director — rules., with citation guidance and answers to common questions.
§ 135.363. Sale, assignment, transfer of tax credits allowed, when — statement required, submission to director — rules.
1. All or any portion of tax credits issued in accordance with the provisions of sections 135.350 to 135.363 may be transferred, sold or assigned to parties who are eligible under the provisions of subsection 1 of section 135.352.
2. Beginning January 1, 1995, for qualified projects which began on or after January 1, 1994, an owner or transferee desiring to make a transfer, sale or assignment as described in subsection 1 of this section shall submit to the director of the department of revenue a statement which describes the amount of credit for which such transfer, sale or assignment of credit is eligible. The owner shall provide to the director of revenue appropriate information so that the low-income housing tax credit can be properly allocated.
3. In the event that recapture of Missouri low-income housing tax credits is required pursuant to subsection 2 of section 135.355, any statement submitted to the director of the department of revenue as provided in this section shall include the proportion of the state credit required to be recaptured, the identity of each transferee subject to recapture and the amount of credit previously transferred to such transferee.
4. The director of the department of revenue may prescribe rules and regulations necessary for the administration of the provisions of this section.
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(L. 1994 H.B. 1248 & 1048)
---- end of effective 28 Aug 1994 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 135.363
What does Revised Statutes of Missouri § 135.363 cover?
Section 135.363 ("Sale, assignment, transfer of tax credits allowed, when — statement required, submission to director — rules.") 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 § 135.363?
A common citation format is "Revised Statutes of Missouri § 135.363" (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 § 135.363 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.