Bill > HB1845

This bill establishes the Missouri Angel Investment Incentive Act, which creates a tax credit program designed to encourage investments 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 restrictions and requirements. Qualified businesses must be knowledge-based companies in innovative technologies, located primarily in Missouri, and meet criteria such as having less than $5 million in annual revenue and being in operation for less than 5-10 years. The tax credits are subject to annual caps and can be carried forward for up to five years, with a total program limit of $6 million in credits for 2027-2028, increasing by 20% each year thereafter. The Missouri Technology Corporation (MTC) will oversee the program, reviewing and approving businesses, allocating tax credits across four designated geographic regions, and ensuring compliance. Investors can transfer these tax credits to other individuals, and businesses must provide annual reports on investments, job creation, and economic impact. The program is set to expire on December 31, 2033, with the goal of stimulating innovation and economic development in Missouri.

Business and Industry

https://house.mo.gov/Bill.aspx?bill=HB1845&year=2026&code=R