MO SB698

Creates the Missouri Angel Investment Incentive Act to provide tax credits of 50 percent of cash investments made in qualified securities of qualified Missouri knowledge-based companies, with a maximum of $50,000 per investor per investment in a single year and $250,000 total per investor annually.

Allows tax credits to be carried forward for five years if they exceed an investor's tax liability in any single year, and permits qualified investors to transfer credits to any natural person.

Establishes that qualified businesses must have annual gross revenues under $5 million, be in operation less than 5 years (or less than 10 years for bioscience businesses), and meet criteria excluding businesses in banking, real estate, consulting, gambling, and other specified industries.

Allocates tax credits equally among Missouri's congressional districts on a quarterly basis, with a cap of $6 million total per fiscal year and an aggregate limit through December 31, 2024.

Requires the Missouri Technology Corporation to approve and annually renew qualified business designations and mandates annual reporting to the governor and legislature on tax credit allocations, job creation, and capital investment outcomes; program expires December 31, 2024.