Tagged: tax credits

A Columbia man has been indicted on allegations that he tried to fraudulently claim a state tax break meant for lower-income disabled residents and senior citizens.

The Cole County indictment accuses 27-year-old Christopher Hill of one felony count of filing a false state income tax return. The charge is punishable by up to a $10,000 fine and five years in prison.

The Missouri Department of Revenue said Wednesday that Hill attempted to file a forged rent receipt with his 2011 taxes in order to claim the tax credit.

The Missouri Department of Economic Development awarded state tax credits to five small business incubators on Monday. The Life Science Business Incubation Center in Columbia was awarded a $100,000 in tax credits.

The Missouri Department of Economic Development announced earlier this week that Big Brothers Big Sisters of Central Missouri has been approved for state tax credits. Big Brothers Big Sisters of Central Missouri received $102,782 in state tax credits under the Department of Economic Development’s Youth Opportunities Program.

The Missouri Senate has passed a tax credit measure after hammering out an agreement between GOP leaders and fiscal conservatives who’ve been trying to reign in tax breaks for years.

The agreement would cap historic preservation tax credits at $75 million per year, give a one-year extension to food pantry and other charitable tax breaks, and create incentives to draw amateur sporting events to Missouri.  State Senator Eric Schmitt (R, Glendale) urged the chamber to pass it before time runs out on the regular session.

A House committee reviews a bill that gives Kansas an ultimatum.