MO HB568

Creates a state tax credit equal to 50% of eligible construction/development expenses for establishing full-service grocery stores in food deserts, after the first $1 million in expenses

Defines "food desert" as a census tract with at least 20% poverty rate or median family income below 80% of statewide average, where residents are located at least half a mile (urban) or ten miles (rural) from a full-service grocery store

Caps individual taxpayer credits at $2.5 million per year, with unused credits carrying forward for three years; total program cap of $25 million annually

Requires taxpayers to complete construction within five years and operate the grocery store at the same location for at least ten consecutive years, or repay all credits received plus a reasonable rate of return

Program automatically sunsets six years after August 28, 2015, unless reauthorized by the General Assembly