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MO HB1146
Bill
Status
3/9/2015
Primary Sponsor
Caleb Rowden
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AI Summary
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Amends Section 620.1881 (Missouri Quality Jobs Act) to clarify that companies participating in both the quality jobs program and Missouri Works jobs training program receive refundable tax credits for the full benefit amount, with technical correction changing "subdivision" to "subsection"
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Amends Section 620.1910 (Manufacturing Jobs Act) to update terminology from "new jobs training program" to "Missouri works job training" to reflect current program naming
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Maintains existing tax credit caps including $80 million annual maximum for the Quality Jobs program, $10 million per company and $15 million aggregate annual limit under the Manufacturing Jobs Act
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Preserves prohibitions against companies receiving benefits under multiple overlapping economic development incentive programs simultaneously for the same jobs or facilities
Legislative Description
Modifies provisions relating to economic development programs
Last Action
Referred: Economic Development and Business Attraction and Retention(H)
3/11/2015