Missouri Code of State Regulations
Title 4 - Department of Economic Development
Division 85 - Division of Business and Community
Chapter 9 - Amateur Sporting Tax Credit Program
Section 4 CSR 85-9.051 - Cost Certification

Current through Register Vol. 49, No. 18, September 16, 2024

PURPOSE: The purpose of this rule is to explain the process for submitting and approval of a final application.

(1) The following will be included as part of the final application:

(A) The Final Application Form, included herein;

(B) The eligible cost listing, or listings; and

(C) Documentation of qualified expenses.

(2) The department reserves the right to make reasonable requests for additional documentation.

(3) The Department of Economic Development (DED) will use the information submitted to determine the final amount of tax credits to be issued. Tax credits will be issued in an amount equal to the lesser of-

(A) The one hundred percent (100%) of eligible costs incurred by the applicant; or

(B) Five dollars ($5) in tax credits for each admissions ticket sold for the sporting event.

(4) The eligibility of each cost shall be determined based upon a review of the costs submitted by the applicant. For tax credits to be issued on an eligible cost, that eligible cost must-

(A) Be supported by a valid proof of payment;

(B) Be supported by a valid invoice or itemized in a support contract; and

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