MO HB2268

Allows taxpayers to claim a tax credit equal to 10% of contributions made to an employee stock ownership program (ESOP) against Missouri state income tax liability

Tax credit cannot exceed $500,000 per taxpayer per taxable year, and unused credits may be carried forward for up to three succeeding taxable years

Statewide cap limits total tax credits authorized to $10 million per calendar year

Tax credits are non-transferable and cannot be sold or assigned

Program automatically sunsets 6 years after August 28, 2014, unless reauthorized by the General Assembly; if reauthorized, it sunsets 12 years after the reauthorization date