Mo. Code Regs. tit. 4 § 85-5.070
Current through Register Vol. 49, No. 24, December 16, 2024
Section 4 CSR 85-5.070 - Compliance with Other Provisions of LawPURPOSE: This proposed amendment clarifies which applications result in an issuance of tax credits, and adds compliance with section 285.530, RSMo 2016, to the rule, which is required by statute, but inclusion in the rule helps ensure understanding by prospective applicants of its applicability. Deleted section (2) has been moved to 4 CSR 85-5.020(2)(G).
(1) A tax credit certificate issued following the final completion of a project, and submission to the department of a complete final application or an excess tax credits application, shall be in an amount no greater than those costs that are Qualified Rehabilitations Expenditures (QREs), and shall only be issued after the department confirms compliance with all other provisions of law, including but not limited to- (A) Payment of any issuance fees under section 620.1900, RSMo, or similar provisions;(B) Payment of any back taxes and penalties under section 135.815, RSMo, or similar provisions; and(C) Compliance with section 285.530, RSMo, with regard to employment of unauthorized aliens.Adopted by Missouri Register May 1, 2019/Volume 44, Number 9, effective 3/30/2019Amended by Missouri Register October 1, 2019/Volume 44, Number 19, effective 11/30/2019Amended by Missouri Register February 1, 2024/volume 49, Number 03, effective 3/31/2024.