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MO SB194
Bill
AI Summary
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Extends the sunset date for headquarters tax credit incentives from January 1, 2020 to January 1, 2025 for facilities commencing or expanding operations
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Headquarters facility expansions qualify as separate new business facilities if they create at least 25 new employees and invest at least $1 million
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Buildings on multiple noncontiguous properties count as one facility if located within the same county or municipality
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Revenue-producing enterprises other than headquarters remain ineligible for business facility incentives under sections 135.100-135.150 for facilities commencing operations on or after January 1, 2005
Legislative Description
Extends the date that a business must commence operations to qualify for a business facility tax credit
Last Action
Signed by Governor
6/22/2015