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MO HB528
Bill
Status
1/15/2015
Primary Sponsor
Dave Muntzel
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AI Summary
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Creates a $1 million tax credit for Missouri businesses that receive the Baldrige National Quality Award, effective for tax years beginning January 1, 2016
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Qualifying businesses must be privately held with at least 80% Missouri ownership, for-profit, employ at least 80% of workers in Missouri, and have not previously received a Baldrige award
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Tax credit is non-refundable but unused portions may be carried forward for up to five succeeding taxable years
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Tax credits cannot be transferred, sold, or assigned to other parties
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Program terminates after five qualified businesses receive the award or on December 31, 2021, whichever occurs first
Legislative Description
Authorizes a tax credit for any small business that receives the Baldrige National Quality Award
Last Action
Action Postponed (H)
4/30/2015