MO HB124

Establishes the Missouri Job Development Fund to provide vocational training and retraining through public and private institutions, with department direction to prioritize funding for qualified suppliers.

Expands the Manufacturing Jobs Act to include "qualified suppliers" (manufacturers that derive more than 10% of annual sales from qualified manufacturing companies) in addition to qualified manufacturing companies.

Qualified suppliers can retain up to 5.5% of new payroll as withholding tax for five years, with additional 0.5% increments available if average wages exceed 120% or 140% of county average wage, or receive refundable tax credits if withholding tax is insufficient.

Qualified suppliers must add at least 5 new jobs or 2 new jobs with $100,000+ facility investment, pay wages at or above county average wage (minimum 60% of statewide average), provide health insurance covering 50% of premiums, and manufacture at a Missouri facility.

Prohibits qualified suppliers from simultaneously receiving tax credits or exemptions under other state programs for the same jobs, and requires annual departmental reporting to the general assembly on participating companies and fiscal impacts.