MO SB1020

Small businesses with 50 or fewer employees may claim a $5,000 tax deduction for each disabled employee or ex-offender employee, beginning January 1, 2017

Disabled employees must work at least 25 hours per week and be determined at least 50% disabled by Social Security Administration, Department of Veterans Affairs, or state vocational rehabilitation

Ex-offender employees must work at least 40 hours per week on average and have been discharged from a correctional facility within 12 months prior to employment

Deductions are non-refundable and non-transferable, but may be carried forward for three subsequent tax years; total deductions capped at $10 million per fiscal year on a first-come, first-served basis

Program automatically sunsets six years after the effective date unless reauthorized by the General Assembly