Missouri HB2295 modifies tax credit provisions for investments in qualified Missouri businesses.
Missouri HB2295 modifies provisions relating to tax credits for investments in qualified Missouri businesses. The bill allows tax credits for cash investments in qualified securities of qualified Missouri businesses, with a maximum credit of 70% of the investment amount. Qualified businesses must meet specific criteria, including being based on innovative technology and having reasonable potential for success. The bill also outlines procedures for businesses to apply for and maintain their qualified status, including annual reporting requirements.
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