The amount of the qualified investment made in a Missouri small business must remain in that business for a minimum of five years. Withdrawal of the investment prior to the minimum five-year period shall result in revocation of the tax credit, and repayment of any amounts of the tax credit already applied against the investor's state tax liability.
Mo. Rev. Stat. § 135.411
Investment to remain in business for five years — failure to comply,..
Known as the Adoption Tax Credit Act
The act spans §§ 135–135 (159 sections).
Effective: 28 Aug 1994; (L. 1992 S.B. 661 & 620 § 9 subsec. 5, A.L. 1994 H.B. 1248 & 1048)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.