Missouri HB3329 modifies tax credit provisions for manufacturing jobs and economic development.

Missouri HB3329 modifies provisions relating to tax credits for manufacturing jobs and economic development. It establishes the Manufacturing Jobs Act, which allows qualified manufacturing companies to retain withholding tax for new jobs created or retained. It also creates the Jobs Now Act, authorizing grants and loans for job creation projects. The bill defines terms such as "qualified Missouri business," "average wage," and "new job." It outlines the process for applying for tax credits and the conditions for retaining withholding tax.

Missouri HB3329 modifies tax credit provisions for manufacturing jobs and economic development.

Missouri HB3329 modifies provisions relating to tax credits for manufacturing jobs and economic development. It establishes the Manufacturing Jobs Act, which allows qualified manufacturing companies to retain withholding tax for new jobs created or retained. It also creates the Jobs Now Act, authorizing grants and loans for job creation projects. The bill defines terms such as "qualified Missouri business," "average wage," and "new job." It outlines the process for applying for tax credits and the conditions for retaining withholding tax.