Bill > SB190

This bill establishes a comprehensive tax credit program to support engineering workforce development, offering financial incentives for both employers and workers in the engineering sector. The bill creates tax credits for qualified employers who reimburse tuition for engineering graduates, provide compensation to newly hired qualified workers, and for individual workers who become qualified employees in engineering fields. Specifically, employers can claim a 50% tax credit for tuition reimbursement up to a certain limit, and a 10% tax credit for compensation paid to qualified workers during their first five years of employment. Individual workers can receive a $2,500 annual tax credit for up to five consecutive years, with a total lifetime maximum of $12,500. To qualify, workers must have graduated from an engineering program accredited by ABET (Accreditation Board for Engineering and Technology) or a similar recognized institution within one year before or after starting employment. The tax credits are non-transferable, cannot be refunded, and are available for tax years beginning January 1, 2026, with the entire program set to automatically sunset on December 31, 2031, unless reauthorized by the state legislature.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=325