MO HB627

Creates the "Manufacturing Infrastructure Investment Act" allowing qualified manufacturing companies (NAICS codes 31-33) to retain 100% of employee withholding tax for 10 years when manufacturing a new product, or 50% for 7 years when modifying/expanding an existing product, effective January 1, 2016

Requires capital investment of at least $75,000 per retained job for new products or $50,000 per retained job for existing product modifications, to be made within two years of beginning to retain withholding tax

Caps withholding tax retention at $10 million per company per calendar year and $15 million aggregate for all qualified manufacturing companies per calendar year

Allows qualified suppliers (deriving over 10% of annual sales from qualified manufacturing companies) to retain withholding tax from new jobs for 3 years, or 5 years if paying wages at 120% or more of county average wage, with a minimum of 5 new jobs required

Program automatically sunsets six years after the effective date unless reauthorized by the General Assembly, with annual reporting to the legislature required by March 1st