Description
Assist rehabilitation and renovation funding of Capitol Complex buildings. The Capitol Complex includes the State Capitol building, Supreme Court building, Old Federal Courthouse, Highway Building and the Governor’s Mansion.
Do I Qualify?
- Eligible artifacts donated to the Board of Public buildings shall be allowed a credit in an amount of thirty percent of the eligible artifact donation.
- Eligible artifacts include items of personal property specifically for display in a building of the Capitol Complex or former fixtures which were previously owned by the state and used within the Capitol Complex. The Board of Public Buildings has sole discretion in determining whether a donation is an eligible artifact.
- Eligible monetary donations submitted to Missouri Development Finance Board for deposit into the Capitol Complex Fund or to an eligible 501(c)(3) organization shall be allowed a credit in the amount of fifty percent of the donation.
- Monetary donations include cash, check, money order or similar cash equivalents valued at the face value of the currency, stocks of publicly traded companies; and bonds that are publicly traded.
The donations collected through this program will be used primarily by the Office of Administration for the restoration and maintenance of the buildings in the Capitol Complex.
This tax credit can be applied to:
- Ch. 143 – Income tax, excluding withholding tax (except for taxes due under Sections 143.191 to 143.265)
- Ch. 148 – Bank Tax, Insurance Premium Tax, Other Financial Institution Tax
This tax credit’s special attributes:
- Refundable (monetary donations only) or Carry-forward 4 years
- Sellable or transferable
- All credits must be redeemed within 5 years of issuance
How Do I Apply?
- Eligible Artifact donations are submitted to the Board of Public Buildings for a determination of acceptance. If accepted, the Board of Public Buildings will submit a receipt of contribution including the artifacts valuation with a copy to the Department of Economic Develop- ment for further processing and the issuance of a tax credit.
- Eligible Monetary donations are submitted to the MDFB for deposit into the Capitol Complex Fund. A receipt of contribution is issued to the donor with a copy to the De- partment of Economic Development for further process- ing and the issuance of a tax credit.
Need Help?
If you need help or have questions email community@ded.mo.gov.