Effective – 28 Aug 2019, 2 histories 135.100. Definitions. — As used in sections 135.100 to 135.150 the following terms shall mean: (1) “Commencement of commercial operations” shall be deemed to occur during the first tax year for which the new business facility is first available for use by the taxpayer, or first capable of […]
Effective – 28 Aug 2022, 2 histories 135.110. Tax credit for new or expanded business facility — computation — maximum years and amount allowed — no credit allowed a public utility and certain businesses — definitions. — 1. Any taxpayer who shall establish a new business facility shall be allowed a credit, each year for […]
Effective – 28 Aug 1999 135.115. Vesting of tax credits, when — waiver, applicable when. — The right to receive the tax credits described in section 135.110 shall vest in the taxpayer upon commencement of operations of the revenue-producing enterprise, but the taxpayer shall waive such vested right for any given year in which the […]
Effective – 28 Aug 1991 135.120. Deferment of tax credit — election — notice. — A taxpayer entitled to the credit allowed by section 135.110 may elect to defer the commencement of the ten-year period during which such credit is allowed to any taxable year not later than the third taxable year following the taxable […]
Effective – 28 Aug 1991 135.130. Transfer of business facility, all or part — apportionment of tax credit — estate of taxpayer entitled to credit and distributee of estate also entitled to credit. — 1. If a taxpayer, hereafter referred to in this section as “transferor”, shall have established a new business facility and, prior […]
Effective – 28 Aug 1986 135.140. Termination and resumption of operation of business — consent of director required for claim of credit. — If a taxpayer has terminated the operation of a revenue producing enterprise at a new business facility prior to the expiration of the ten-year period during which a credit is allowed under […]
Effective – 28 Aug 1995 135.150. Rules, promulgation duties — certification of applications for tax credit — application requesting credit granted when — denial, protest procedure — review by administrative hearing commission authorized. — 1. Until January 1, 1987, the director of revenue shall prescribe such rules and regulations necessary to carry out the provisions […]
Effective – 28 Aug 2022, 3 histories 135.155. Prohibition on certain enterprises receiving certain incentives — expansion deemed new business facility — certain properties considered one facility, when. — 1. Notwithstanding any provision of the law to the contrary, no revenue-producing enterprise other than headquarters as defined in subsection 10 of section 135.110 shall receive […]
