MO HB927

Creates a state tax credit equal to 100% of wages paid to high school students aged 16-18 who are enrolled in Missouri secondary schools, effective January 1, 2016

Caps the credit at $25,000 per taxpayer per year, with a statewide annual cap of $2 million for all credits issued

Requires eligible wages to be at least $8 per hour; unused credits may be carried forward for up to three succeeding tax years

Credits are non-transferable and issued on a first-come, first-served basis to individuals, partnerships, corporations, and qualifying charitable organizations

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