MO HB2755

All state tax credit amounts shall be reduced by a percentage equal to any reduction in the top income tax rate under section 143.011

Tax credits shall also be reduced proportionally when the business income deduction under section 143.022 increases

Tax credits authorized on or after August 28, 2016 shall only be reduced based on income tax reductions or business income deduction increases occurring after the credit was authorized

Tax credit reductions take effect in the tax year immediately following the year the income tax reduction or deduction increase occurs

Program automatically sunsets six years after the effective date unless reauthorized by the General Assembly; if reauthorized, sunsets twelve years after reauthorization