MO SB912

Repeals and replaces multiple sections of Missouri law relating to the Missouri Technology Corporation to streamline definitions and governance structure

Establishes a tax credit equal to 50 percent of eligible donations made to the Missouri Technology Corporation for taxpayers subject to income tax under chapters 143, 147, or 148, effective for tax years beginning January 1, 2014

Allows tax credits to be assigned, transferred, or sold, with unused credits carryable forward for up to four subsequent tax years but not refundable

Requires the corporation to submit tax credit applications to the Department of Revenue with verification of eligible donations and equal payment to the value of the tax credit claimed

Program expires six years after enactment unless reauthorized, with automatic sunset at twelve years if reauthorized; funding generated must support corporation purposes under the technology investment framework