MO HB325

Creates a 50% tax deduction for "eligible insourcing expenses" when businesses relocate operations from outside Missouri into the state, effective January 1, 2015

Eligible expenses include permit fees, license fees, lease brokerage fees, equipment installation costs, and other business expenses deductible under IRS Section 162

Caps total deductions at $20 million per taxable year statewide, distributed on a first-come, first-served basis

Requires businesses to demonstrate a net increase in full-time equivalent employees in Missouri and pay relocated workers wages equal to or greater than their pre-relocation compensation

Imposes a 10-year clawback provision requiring prorated repayment of tax savings if the business unit is eliminated within that period, with automatic sunset of the program after six years