MO HB1246

Establishes section 67.2055 authorizing municipalities to develop technology business facilities in telecommunications, data processing, and internet services, with exemptions from local sales tax and property tax on leasehold interests.

Creates the "MO Jobs Training Program" under sections 620.800-620.809 funded through the MO Jobs Development Fund and MO Jobs Community College training funds, administered by the Department of Economic Development to assist qualified companies in training for new and retained jobs.

Establishes the "MO Jobs Training Joint Legislative Oversight Committee" consisting of 6 members (3 from each chamber) to report annually on assistance provided under the training program.

Repeals and replaces sections 620.1878 and 620.1881 to revise the Missouri Quality Jobs Act, including modifications to job creation thresholds, wage requirements, project definitions, and the addition of new subsection 14 authorizing accelerated tax credits of 7-9% of new payroll for 2013-2014 with a $10 million annual cap.

Increases the maximum annual tax credits for the overall program from $78 million to $80 million, with $10 million reserved for the new accelerated tax credit program under subsection 14.