MO HB862

Small businesses with 50 or fewer employees may claim a $500 tax credit for each disabled employee or person discharged from a state or federal correctional facility within the prior 12 months

Disabled employees must work at least 25 hours per week for one year; formerly incarcerated employees must work 40 hours per week for one year, after which the credit can be claimed for three consecutive years

"Disabled" is defined as at least 50% disabled per Social Security Administration or Department of Veterans' Affairs, or participating in the division of vocational rehabilitation's job placement program

Credits are non-refundable and non-transferable but may be carried forward for three years; aggregate annual cap of $10 million issued on first-come, first-served basis

Program effective January 1, 2016 with automatic sunset six years after effective date unless reauthorized by the General Assembly