MO HB671

Sunsets all Missouri tax credit programs administered by the Department of Economic Development effective August 28, 2013; credits issued before that date must be redeemed by December 31, 2016.

Eliminates the corporate income tax for tax years beginning on or after September 1, 2013 (currently taxed at 6.25%).

Authorizes individual income tax filers to deduct income received from small businesses as defined in section 143.173.

Terminates community college job training certificates programs (both new jobs and retained jobs training) effective August 28, 2013; no new certificates may be sold after that date.

Modifies various economic development tax incentive programs including enterprise zones, brownfield remediation credits, and film production credits to align with the August 28, 2013 sunset date.