MO HB630

Repeals and reenacts sections 620.1881 and 620.1910 of Missouri law, and creates a new section 620.1915 relating to job creation incentives and international business recruitment.

Adds a new category (subsection 6) to the Missouri Quality Jobs Act allowing manufacturers of firearms, ammunition, or parts thereof that relocate to or expand in Missouri to retain withholding tax for 3-5 years with a maximum annual cap of $3 million, with this provision sunsetting 6 years after enactment.

Modifies the Manufacturing Jobs Act by changing the definition of "qualified manufacturing company" from NAICS code 33611 to SIC codes Division D (Manufacturing), Major Groups 20-39, and increases the aggregate annual withholding tax retention limit from $15 million to $60 million per calendar year.

Creates the "Missouri International Business Advertising Fund" to be administered by the Missouri small business technology and development center for advertising Missouri as a business relocation destination to international companies, with funds not reverting to general revenue at the end of biennia.

Establishes a committee of 3-5 persons to review international markets with increased business relocation activity and direct advertising funds toward recruiting companies from those markets.