Bill > SB461

This bill establishes the Missouri Angel Investment Incentive Act, which creates a tax credit program designed to encourage investment in early-stage, innovative Missouri businesses. The act allows investors (including accredited individual investors and certain entity investors) to receive tax credits of 40-50% for cash investments in qualified Missouri businesses, with specific geographic and operational restrictions. Qualified businesses must be knowledge-based companies engaged in innovative technologies, have less than $5 million in annual revenue, and be less than five to ten years old, depending on the industry. The program limits total tax credits to $6 million in 2026 and 2027, with a 20% annual increase in subsequent years, and caps individual investor credits at $75,000 per business and $300,000 per tax year. The Missouri Technology Corporation (MTC) will oversee the program, reviewing and approving businesses, allocating tax credits, and ensuring compliance. Businesses must meet various criteria, including potential for job creation, innovative technology, and commitment to remaining in Missouri. The tax credits are transferable and will expire on December 31, 2032, with the goal of stimulating investment and economic development in Missouri's emerging technology and innovation sectors.