MO SB323

Creates the "Missouri Works Program" (sections 620.2000-620.2020) offering tax credits and withholding tax retention to qualified companies that create new jobs or retain existing jobs in Missouri

Qualified companies creating 10+ new jobs at 90% of county average wage can retain withholding taxes for 5 years (6 years if existing Missouri business); companies in rural areas or enterprise zones have lower job thresholds and wage requirements

Job retention benefits limited to $6 million annually, allowing companies to retain up to 100% of withholding taxes for 10 years if average retained job wages meet 90% of county average wage and company commits to capital investment

Prohibits simultaneous benefits under Missouri Works Program with other specific tax credit programs (development tax credit, rebuilding communities tax credit, enhanced enterprise zone tax credit, quality jobs program) at same project facility

Program automatically sunsets 6 years after effective date unless reauthorized by legislature; modifies enhanced enterprise zone designation process to allow local governments to adopt designations without state department approval