Bill > SB1178

This bill establishes the Missouri Angel Investment Incentive Act, which provides tax credits for investors who make cash investments in qualified Missouri businesses. The bill defines key terms like "qualified Missouri business," "qualified securities," and "investor." It sets limits on the total amount of tax credits that can be issued and how they are allocated among different geographic regions of the state. The bill also outlines the application and approval process for businesses to be designated as qualified Missouri businesses eligible for the tax credits. Additionally, the bill requires reporting and oversight requirements for the program.