135.825. Tracking system for tax credits required--exception--rulemaking authority.
Tracking system for tax credits required--exception--rulemakingauthority.
135.825. 1. The administering agencies for all tax credit programsshall, in cooperation with the department of revenue, implement a systemfor tracking the amount of tax credits authorized, issued, and redeemed.Any such agency may promulgate rules for the implementation of thissection.
2. The provisions of this section shall not apply to any credit thatis issued and redeemed simultaneously.
3. Any rule or portion of a rule, as that term is defined in section536.010, RSMo, that is created under the authority delegated in thissection shall become effective only if it complies with and is subject toall of the provisions of chapter 536, RSMo, and, if applicable, section536.028, RSMo. This section and chapter 536, RSMo, are nonseverable and ifany of the powers vested with the general assembly pursuant to chapter 536,RSMo, to review, to delay the effective date, or to disapprove and annul arule are subsequently held unconstitutional, then the grant of rulemakingauthority and any rule proposed or adopted after August 28, 2004, shall beinvalid and void.
(L. 2004 S.B. 1099)