Bill > SB1209

This bill creates a tax credit program specifically designed to support newspaper printing plants headquartered in Missouri. Under the proposed legislation, qualifying newspaper printing plants can claim a tax credit equal to 50% of their labor costs for pressroom and mailroom staff for tax years beginning on or after January 1, 2026. To be eligible, a printing plant must be headquartered in Missouri and derive a majority of its printing revenue from newspapers intended for public distribution. The total amount of tax credits available annually is capped at $7 million, and taxpayers can transfer, sell, or assign these credits. If the tax credit exceeds a taxpayer's state tax liability, the excess will be refunded. Taxpayers must apply to the Missouri Department of Revenue, providing details about their labor costs and other requested information. The tax credit program is set to automatically sunset six years after its effective date unless reauthorized by the state legislature, ensuring periodic review of the program's effectiveness and continued relevance.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=111