Public development authorities

From the 2024 DOR Tax Exemption Study

82.04.615 - Public development authorities Description Public corporations, commissions and authorities receive an exemption from B&O tax for income from services provided to: - Limited liability companies in which the public entity is the managing member. - Limited partnerships in which the public entity is the general partner. - Single-asset entities required by a federal, state, or local housing assistance program which is directly or indirectly controlled by the public entity. Purpose Assists housing authorities that receive federal grants for low-income housing. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources None Additional Additional Information Information Category: Government Year Enacted: 2007 Primary Beneficiaries: Public development authorities Taxpayer C