135.286. Revenue-producing enterprises not eligible for certain tax benefits--time period of exemptions. - Missouri Statutes

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Statutes > Missouri > T10 > C135 > 135_286

Revenue-producing enterprises not eligible for certain taxbenefits--time period of exemptions.

135.286. 1. Notwithstanding any provision of law to the contrary, norevenue-producing enterprise shall receive the state tax exemption, statetax credits, or state tax refund as provided in sections 135.200 to 135.283for facilities commencing operations on or after January 1, 2005. Thisprovision is not intended to affect in any way the local real property taxabatement authorized by section 135.215.

2. Notwithstanding subsection 4 of section 135.215 to the contrary,if an exemption pursuant to section 135.215 is granted on property prior tothe expiration of the twenty-five year anniversary of the designation ofthe enterprise zone, the property may continue to receive that exemptionfor up to twenty-five years following the date the exemption on thatproperty was granted, provided that the total number of years of exemptionon that property shall not exceed twenty-five.

(L. 2004 S.B. 1155)

State Codes and Statutes

Statutes > Missouri > T10 > C135 > 135_286

Revenue-producing enterprises not eligible for certain taxbenefits--time period of exemptions.

135.286. 1. Notwithstanding any provision of law to the contrary, norevenue-producing enterprise shall receive the state tax exemption, statetax credits, or state tax refund as provided in sections 135.200 to 135.283for facilities commencing operations on or after January 1, 2005. Thisprovision is not intended to affect in any way the local real property taxabatement authorized by section 135.215.

2. Notwithstanding subsection 4 of section 135.215 to the contrary,if an exemption pursuant to section 135.215 is granted on property prior tothe expiration of the twenty-five year anniversary of the designation ofthe enterprise zone, the property may continue to receive that exemptionfor up to twenty-five years following the date the exemption on thatproperty was granted, provided that the total number of years of exemptionon that property shall not exceed twenty-five.

(L. 2004 S.B. 1155)

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State Codes and Statutes

Statutes > Missouri > T10 > C135 > 135_286

Revenue-producing enterprises not eligible for certain taxbenefits--time period of exemptions.

135.286. 1. Notwithstanding any provision of law to the contrary, norevenue-producing enterprise shall receive the state tax exemption, statetax credits, or state tax refund as provided in sections 135.200 to 135.283for facilities commencing operations on or after January 1, 2005. Thisprovision is not intended to affect in any way the local real property taxabatement authorized by section 135.215.

2. Notwithstanding subsection 4 of section 135.215 to the contrary,if an exemption pursuant to section 135.215 is granted on property prior tothe expiration of the twenty-five year anniversary of the designation ofthe enterprise zone, the property may continue to receive that exemptionfor up to twenty-five years following the date the exemption on thatproperty was granted, provided that the total number of years of exemptionon that property shall not exceed twenty-five.

(L. 2004 S.B. 1155)