MO HB803

Reduces the "highly compensated individual" threshold from $1 million to $250,000, excluding compensation above this amount from qualifying expenses

Beginning January 1, 2015, sets the tax credit rate at 20% for both qualifying in-state and out-of-state expenses, down from the previous 35% rate for in-state expenses only

Creates a 5% bonus credit for productions that film at least 50% of the project in Missouri

Adds a new category of "qualifying out-of-state expenses" covering wages paid to non-Missouri residents on which Missouri withholding taxes were remitted

Extends the program's sunset date from November 28, 2007 to November 28, 2015, with automatic sunset six years after that date unless reauthorized