MO HB2425

Creates the "Transportation and Warehouse Jobs Act" allowing qualified transportation facilities and warehouses to retain 50% of withholding tax from retained jobs for 10 years upon department approval

Defines qualified transportation facilities as those deriving 25% of sales from exports outside the U.S. or 50% from out-of-state exports, making $50,000+ capital investments per retained employee, adding 5+ employees, and transporting new products for at least 5 years

Defines qualified warehouses as those housing new products not previously warehoused in Missouri, making $50,000+ capital investments per retained employee, and adding 5+ new jobs

Allows approved facilities and warehouses to participate in the Missouri Quality Jobs Program for new jobs created, but prohibits simultaneous receipt of certain other tax credits and exemptions under specified state programs

Program automatically sunsets 6 years after enactment unless reauthorized, with department required to provide annual reports to the general assembly on participating facilities, benefits provided, and jobs created or retained