MO SB1563

Tax credit of 40% for cash investments in qualified securities of Missouri knowledge-based businesses, increasing to 50% for investments in rural counties (under 100,000 population), effective January 1, 2027

Maximum tax credit of $75,000 per investor per qualified business and $300,000 total per investor per tax year, with unused credits carrying forward up to five years

Annual program cap of $6 million in 2027 and 2028, with automatic 20% annual increases beginning in 2029 if prior year credits are fully issued

Missouri Technology Corporation (MTC) administers business qualification and tax credit allocation across four designated geographic regions, with credits distributed equally among regions during the first six months of each year

Qualified businesses must be knowledge-based companies with under $5 million annual revenue, in operation less than 5 years (10 years for bioscience), and cannot be publicly traded; program expires December 31, 2033