MO SB911

Department of Economic Development must respond within 30 days to notice of intent with approval or rejection; failure to respond results in automatic approval.

Qualified companies cannot simultaneously receive benefits under this program and certain other tax credits or exemptions at the same project facility, though other state programs' withholding tax benefits must be credited first.

Adds "Show-me Fund Projects" category allowing qualified companies meeting small/expanding, technology, or high-impact criteria to receive refundable tax credits up to 12 years based on projected withholding taxes, with director discretion on approval amounts.

Maximum annual tax credits for all programs combined increased from $80 million to $105 million, with Show-me Fund projects capped at $60 million annually and traditional projects (1-5) capped at $80 million when Show-me Fund uses less than $60 million.

Reduces tax credits under section 135.535 from $10 million to $8 million annually, transferring $2 million to the Quality Jobs Act program.