HB3095

Missouri HB3095 modifies tax credits for new business facilities, excluding certain enterprises from incentives.

Missouri HB3095 repeals and replaces Section 135.155 of RSMo, altering tax credit eligibility for new business facilities. The bill specifies that revenue-producing enterprises, excluding headquarters, cannot receive incentives for facilities starting operations after January 1, 2005. It also modifies the criteria for headquarters facilities to qualify for credits, requiring each expansion to have at least 25 new employees and $1 million in investment. If a new facility is not created in a given year, the jobs and investment for that year will apply to the most recent facility.