Bill > HB204

This bill establishes a comprehensive tax credit program to support engineering workforce development in Missouri, effective January 1, 2026. The bill creates tax credits for qualified employers and workers in the engineering sector, with multiple components: First, qualified employers can receive a tax credit of up to 50% for tuition reimbursement to workers who have recently obtained engineering-related degrees from accredited programs. Second, employers can claim a tax credit of 10% of compensation paid to qualified workers (with annual limits of $15,000 per worker and $75,000 total), which can be claimed for the first five years of employment. Third, individual workers who become qualified workers can receive a personal tax credit of $2,500 per year for up to five consecutive years, with a lifetime maximum of $12,500. The bill defines key terms like "qualified employer" (businesses in the engineering sector), "qualified program" (ABET-accredited engineering degrees or technical programs), and "qualified worker" (new full-time employees with engineering-related degrees). The tax credits are non-transferable and subject to specific restrictions, and the program is set to sunset on December 31, 2031, unless reauthorized by the Missouri General Assembly.

https://house.mo.gov/Bill.aspx?bill=HB204&year=2025&code=R