Missouri legislation · 2026 Regular Session
Missouri HB2654: Creates tax credits for certain capital investments
Status: In committee, March 12, 2026
What the bill says
To amend chapter 620, RSMo, by adding thereto one new section relating to a tax credit for certain capital investments. Section A. Chapter 620, RSMo, is amended by adding thereto one new section, to be known as section 620.2012, to read as follows: 620.2012. 1. In exchange for the consideration provided by the new tax revenues and other economic stimuli that will be generated by the creation or retention of jobs and the making of new capital investment in this state, a qualified company may be eligible to receive the tax credits described in this section if: (1) The department makes, and the q.
From the introduced text:
To amend chapter 620, RSMo, by adding thereto one new section relating to a tax credit for certain capital investments. Section A. Chapter 620, RSMo, is amended by adding thereto one new section, to be known as section 620.2012, to read as follows: 620.2012. 1. In exchange for the consideration provided by the new tax revenues and other economic stimuli that will be generated by the creation or retention of jobs and the making of new capital investment in this state, a qualified company may be eligible to receive the tax credits described in this section if: (1) The department makes, and the qualified company accepts, a proposal for benefits that includes tax credits authorized by this section; and (2) The qualified company will expend at least fifty million dollars in new capital investment for the project no later than two years after the date of the notice of intent. 2. Notwithstanding the provisions of subdivision (29) of subsection 1 of section 620.2005 to the contrary, a data storage center as defined in subdivision (4) of subsection 1 of section 144.810 shall not be eligible to be a qualified company for the purposes of the tax credits authorized under this section. 3. A qualified company that intends to seek the benefits authorized under this section shall submit to the department …
Sponsors
- Knight, Jeff (R, 142) · primary sponsor