Bill > SB1004

This bill establishes the Missouri Angel Investment Incentive Act, which creates a tax credit program designed to encourage investment in innovative, early-stage Missouri businesses. The act allows investors to receive tax credits of 40% (or 50% in rural counties) for cash investments in qualified securities of qualifying Missouri businesses, with annual limits of $75,000 per investor and total state credits capped at $6 million initially, increasing by 20% each year. To be eligible, businesses must be knowledge-based companies less than five to ten years old, with annual revenues under $5 million, operating in innovative technology sectors and not engaged in certain excluded industries like real estate, banking, or professional services. The Missouri Technology Corporation will oversee the program, reviewing and approving businesses, allocating tax credits across four designated geographic regions, and requiring annual reporting on job creation, investment impacts, and business performance. Investors can transfer these tax credits to other individuals, and businesses must maintain their Missouri operations and meet ongoing compliance requirements. The program will run from 2027 to 2033, with the goal of stimulating economic development and supporting emerging Missouri businesses.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=544