MO HB3214

Eliminates the 4% corporate income tax for qualified manufacturing companies (NAICS codes 31-33) beginning January 1, 2027, if they own all property in Missouri or have at least $1 million in Missouri property

Creates "Manufacturing Opportunity Zones" aligned with federal opportunity zones under 26 U.S.C. Sections 1400Z-1 and 1400Z-2, requiring transportation access, large electrical transmission capacity, adequate water and gas resources, and data connectivity

Establishes the "Manufacturing Opportunity Zone Utility Fund" funded by a 1% user fee on electric, water, and gas within the zones, to be used for infrastructure improvements and establishing missing utilities

Requires the Department of Economic Development to create a fast-track advanced permitting process for zone sites and publish annual reports on utility readiness, capacity, and deficits by January 15th

Creates a small business loan guarantee program providing a 10% state guarantee (not to exceed 90% total combined guarantee) for SBA loans to manufacturing or technology companies within the zones