MO HB810

Allows employers with Missouri facilities to retain 100% of employee withholding taxes up to the amount spent on educational benefits or job training for up to 5 years

Covers educational benefits for associates, bachelors, masters, or doctorate degrees in health care, engineering, or information technology, plus job training in those fields for up to one year

Requires qualified individuals to be Missouri residents earning at least 120% of state minimum wage with annual gross income of $200,000 or less, or be unpaid interns pursuing eligible degrees

Employers must sign agreements with the Department of Economic Development to employ funded individuals for at least the same duration they retain withholding taxes; non-compliance requires repayment plus 5% annual interest

Prohibits withholding tax retention for relatives of business directors, managers, or owners within the fourth degree, and caps total withholding tax retention statewide at $300 million