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MO HB2654
Bill
Status
Introduced
1/7/2026
Primary Sponsor
Jeff Knight
Click for details
AI Summary
- Qualified companies may receive tax credits up to 2.5% of new capital investment made at a project facility over a three-year period beginning from the notice of intent date
- Companies must expend at least $50 million in new capital investment within two years of filing the notice of intent to qualify
- Data storage centers are explicitly excluded from eligibility for these tax credits
- The department must approve or reject a notice of intent within 30 days, and companies must enter into a written agreement specifying job commitments, wages, and capital investment for each year
- Companies receiving these credits cannot simultaneously receive benefits under other specified economic development programs (sections 135.100-135.155, 620.2010, or 620.2015) for the same jobs, wages, or investments
Legislative Description
Creates tax credits for certain capital investments
Last Action
Reported Do Pass (H) - AYES: 10 NOES: 0 PRESENT: 0
3/12/2026
Committee Referrals
Rules - Administrative3/2/2026
Economic Development1/29/2026
Full Bill Text
No bill text available