Bill > HB1319

This bill modifies the Missouri Works Program, which provides tax incentives for business development, by updating definitions and refining the eligibility criteria for companies seeking economic development benefits. The bill introduces several key changes, including expanding the definition of "gross wages" to include total compensation reported on W-2 forms, modifying how average wages are calculated, and adding new considerations for awarding tax credits such as participation in pre-apprenticeship programs and preferences for Missouri-based contractors. The legislation creates more nuanced pathways for companies to qualify for tax credits and retained withholding taxes, with different tiers of benefits based on factors like the number of jobs created, wages paid, and capital investment. Companies must meet specific requirements, such as offering health insurance to full-time employees and committing to job creation and investment in Missouri. The bill also includes provisions for manufacturing companies, military-related projects, and introduces more detailed reporting and tracking mechanisms to ensure compliance and assess economic impact. Notably, the bill includes provisions to prevent companies from receiving benefits retroactively and adds requirements for diversity and local economic engagement in job creation efforts.

https://house.mo.gov/Bill.aspx?bill=HB1319&year=2025&code=R