MO HB951

Establishes a corporate income tax rate of 5% for tax years beginning before September 1, 1993, and 6.25% for tax years beginning on or after September 1, 1993

Creates a tiered tax reduction system beginning January 1, 2012, for corporations that create new jobs paying at least the average county wage and lasting at least one year

Reduces corporate tax rates based on job creation: 4.25% (10-19 jobs), 3.25% (20-29 jobs), 2.25% (30-39 jobs), 1.25% (40-49 jobs), and 0.25% (50-59 jobs)

Eliminates corporate income tax entirely (0% rate) for corporations that create at least 60 new jobs