MO HB1245

Establishes the Missouri Quality Jobs Program allowing companies to retain withholding taxes and receive tax credits for creating new jobs, with benefits varying by project type (small/expanding business, technology, high-impact, and job retention projects)

Creates new sporting event tax credit program allowing applicants to receive refundable tax credits up to $10 million annually for costs associated with attracting amateur and Olympic sporting events to Missouri

Establishes the Missouri Jobs for Education Program providing tuition credits at public higher education institutions, with one credit per qualifying job created that pays at least the county average wage and is maintained for at least one year

Modifies enterprise zone criteria and job retention project requirements, including reducing minimum new capital investment thresholds from $70 million to $50 million and extending the investment timeline from two to five years for job retention projects

Sets maximum annual tax credits for the quality jobs program at $80 million, with $10 million reserved for a competitive program for 2013-2014, and reduces tax credits available under section 135.535 from $10 million to $8 million