MO HB921

Department of Economic Development must respond within 30 days to a company's notice of intent with approval or rejection; failure to respond results in deemed approval.

Director or designee gains discretion to approve or reject notices of intent in specific counties: those with charter government and 600,000-700,000 inhabitants; first classification counties with 83,000-92,000 inhabitants; first classification counties with 200,000-260,000 inhabitants; and first classification counties with 92,000-101,000 inhabitants.

Qualified companies may receive multiple consecutive project periods if minimum thresholds are met and proper compliance is maintained, with no limit on the number of periods a company can participate.

Companies cannot simultaneously receive Quality Jobs Act benefits and tax credits or exemptions under other specified state programs at the same project facility.

Maximum annual tax credits for the entire program cannot exceed $80 million, with no limit on withholding tax retention amounts by approved companies.