Missouri legislation · 2026 Regular Session
Missouri HB3329: Modifies provisions relating to tax credits
Status: Passed one chamber, April 30, 2026
What the bill says
An act of the general assembly; and (2) If such program is reauthorized, the program authorized under this section shall automatically sunset twelve years after the effective date of the reauthorization of this section; and (3) This section shall terminate on September first of the calendar year immediately following the calendar year in which the program authorized under this section is sunset. 620.2010. 1. In exchange for the consideration provided by the new tax revenues and other economic stimuli that will be generated by the new jobs created, a qualified company may, for a period of five.
From the engrossed text:
an act of the general assembly; and (2) If such program is reauthorized, the program authorized under this section shall automatically sunset twelve years after the effective date of the reauthorization of this section; and (3) This section shall terminate on September first of the calendar year immediately following the calendar year in which the program authorized under this section is sunset. 620.2010. 1. In exchange for the consideration provided by the new tax revenues and other economic stimuli that will be generated by the new jobs created, a qualified company may, for a period of five years from the date the new jobs are created, or for a period of six years from the date the new jobs are created if the qualified company is an existing Missouri business, retain an amount equal to the withholding tax as calculated under subdivision (38) of section 620.2005 from the new jobs that would otherwise be withheld and remitted by the qualified company under the provisions of sections 143.191 to 143.265 if: (1) The qualified company creates ten or more new jobs, and the average wage of the new payroll equals or exceeds ninety percent of the county average wage; (2) The qualified company creates two or more new jobs at a project facility located in a rural area, the average wage …
Sponsors
- Thompson, Terry (R, 053) · primary sponsor