MO HB1033

Allows eligible small businesses, as defined in Section 44 of the Internal Revenue Code, to claim a tax credit against Missouri income tax for guaranty fees paid to the U.S. Small Business Administration for guaranteed financing.

Extends the tax credit to amounts paid for programs administered by the U.S. Department of Agriculture for rural development or farm service agencies.

Prohibits new tax credits from being issued 30 days after the bill's effective date, though previously issued credits may still be redeemed.

Specifies that tax credits issued under this section are non-transferable and unused credits may be carried forward for up to 10 subsequent taxable years.