MO SB1443

Qualified companies investing at least $50 million in new capital investment within two years of filing a notice of intent may receive tax credits up to 2.5% of that investment over a three-year period

Data storage centers are explicitly excluded from eligibility for these tax credits

The Department of Economic Development must respond to applications within 30 days and consider factors including project size, job creation/retention, wages, company financial stability, local economic distress, and competing location incentives

Tax credits expire if the company fails to meet the $50 million minimum investment within two years, and annual reporting on jobs, wages, and capital investment is required or credits may be forfeited

Companies receiving these credits cannot simultaneously claim benefits under Missouri's enterprise zone, MDFP retention, or MDFP attraction programs for the same jobs, wages, or investments