SB1209

Missouri SB1209 authorizes a tax credit for qualifying newspaper printing plants.

Missouri SB1209 amends Chapter 135 by adding a new section authorizing a tax credit for qualifying newspaper printing plants. The credit equals fifty percent of labor costs incurred during the tax year. Any excess credit is refunded to the taxpayer. The tax credit program will automatically sunset six years after the effective date unless reauthorized. The Missouri Department of Revenue will provide an application form for taxpayers to claim the credit.