MISSOURI NEW ENTERPRISE CREATION ACT
- Section 620.635 - Title of law
- Section 620.638 - Definitions
- Section 620.641 - Transfer of board duties to Missouri technology corporation
- Section 620.644 - Development of Missouri seed capital and commercialization strategy, required contents - no tax credits issued until corporation approves strategy tax credit maximum - corporation to approve managers of qualified funds - rulemaking authority, procedure - reporting requirements of corporation - qualified fund to provide annual audited financial statements
- Section 620.647 - Corporation to authorize contractual agreements for qualified economic development organizations - qualified funds to contract with at least one qualified economic development organization, required provisions - payment of distributions to qualified economic development organizations, use of payments, restrictions
- Section 620.650 - Purpose of qualified funds - tax credit for qualified contribution to qualified fund, amount, application, restrictions - tax on qualified funds uninvested capital, amount, distributions deemed made at end of tax year
- Section 620.653 - Corporation to approve one qualified fund - transfer of powers - corporation to approve professional fund manager for the qualified fund it approves