HB 1503 Summary

• Establishes the Missouri Angel Investment Incentive Act to encourage early-stage financing of qualified knowledge-based companies through tax credits for accredited investors making cash investments in these businesses.

• Provides a tax credit equal to 50% of an investor's cash investment in qualified securities, with a maximum of $50,000 per investment per business and $250,000 per investor annually.

• Limits tax credits to investments made between August 28, 2014 and December 31, 2024, with a cap of $6 million in total credits per fiscal year and credits carried forward for five years if not used.

• Requires the Missouri Technology Corporation to designate qualified Missouri businesses based on criteria including less than $5 million in annual revenue, less than 5 years in operation (10 years for bioscience businesses), and innovative technology or products for commercial use.

• Excludes certain business types from eligibility (banking, professional services, real estate, insurance, construction, gambling) and requires qualified businesses to report annually on investments, job creation, and other metrics through December 31, 2024.