MO HB3027

Creates tax credits for nontraditional defense contractors producing critical materials (metals essential for energy, defense, and consumer technologies) or critical pharmaceuticals with high supply chain disruption risk, effective January 1, 2027

Tax credit amounts equal 20% of qualified project costs for investments of $5-15 million, and 25% for investments of $15 million or more; credits are non-refundable but transferable and can be carried forward 10 years

Caps total tax credits at $40 million per fiscal year, with credits awarded on a first-come, first-served basis

Establishes the "Grants for Independence from Foreign Influence Fund" with at least $10 million in appropriations, providing grants up to $500,000 per application administered by the Missouri Development Finance Board

Expands existing sales tax exemptions to include critical materials and critical pharmaceuticals production, and maintains exemptions for nuclear security enterprise construction in cities with over 400,000 inhabitants until August 28, 2034