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MO SB207
Bill
Status
1/8/2015
Primary Sponsor
David Pearce
Click for details
AI Summary
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Employers partnered with an innovation campus may retain up to 100% of a qualified employee's state withholding tax for up to five years
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Qualified individuals must have graduated from an innovation campus with a bachelor's degree in science, engineering, technology, or mathematics after April 30, 2016
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Eligible employers include individuals, partnerships, or corporations subject to state income tax under chapter 143
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Department of Higher Education is authorized to promulgate rules for administering the program
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Rulemaking authority and any rules adopted after August 28, 2015 become invalid if the General Assembly's rule review powers are held unconstitutional
Legislative Description
Authorizes an employer to retain an employee's withholding tax for five years if the employee has graduated with a STEM degree from a Missouri Innovation Campus
Last Action
Hearing Conducted S Jobs, Economic Development and Local Government Committee
4/1/2015