Supplement: MO SB1141 | 2022 | Regular Session | Summary: Senate Committee Substitute
For additional supplements on Missouri SB1141 please see the Bill Drafting List
Bill Title: Modifies provisions relating to the new business facilities tax credit
Status: 2022-04-12 - SCS Voted Do Pass S Economic Development Committee (5570S.02C) [SB1141 Detail]
Download: Missouri-2022-SB1141-Summary_Senate_Committee_Substitute.html
Bill Title: Modifies provisions relating to the new business facilities tax credit
Status: 2022-04-12 - SCS Voted Do Pass S Economic Development Committee (5570S.02C) [SB1141 Detail]
Download: Missouri-2022-SB1141-Summary_Senate_Committee_Substitute.html
SCS/SB 1141 - Current law authorizes a tax credit for a 10-year period for businesses that establish a headquarters in the state, with an additional possible 10-year period if certain conditions are met. This act allows for a further additional 10-year period conditional on such conditions being met. (Section 135.110)
Current law also provides that such tax credit shall only be available for headquarters that commence operations on or before December 31, 2024. This act extends such date to December 31, 2030. (Section 135.155)
This act is substantially similar to HB 2754 (2022) and to a provision in SS/HB 2400 (2022).
JOSH NORBERG
