MO SB691

Expands the "Manufacturing Jobs Act" (section 620.1910) to provide tax incentives for automotive suppliers alongside qualified manufacturing companies that produce goods with NAICS code 33611.

Changes qualified supplier benefits from retaining all withholding tax for 3-5 years to retaining a maximum of 5.5% of new payroll for 5 years, with additional 0.5% increments if average wages exceed 120% or 140% of county average wage.

Allows department to issue refundable tax credits to qualified suppliers when withholding tax is insufficient to cover the full benefit amount, subject to provisions of section 620.1881.

Redefines "qualified supplier" to include companies deriving more than 10% of sales from sales to automotive manufacturers, 10% from component sales to automotive manufacturers, or 50% from modifications of automotive finished products.

Establishes sunset date of October 12, 2016 unless reauthorized by the General Assembly, with automatic 12-year sunset if reauthorized.