Bill > HB2295

This bill modifies provisions relating to tax credits, primarily by introducing a new Missouri Angel Investment Incentive Act. The bill increases the tax credit percentage from 50% to 70% for certain business contributions and establishes a new tax credit program for investments in qualified Missouri businesses. Under the new program, investors can receive a tax credit of 40% (or 50% in rural counties) for cash investments in qualified securities of innovative, knowledge-based companies. The tax credits are subject to annual caps of $6 million, with provisions for gradual increases, and can be carried forward for up to five years. To qualify, businesses must be relatively small (less than $5 million in annual revenues), innovative, and based primarily in Missouri. The bill creates detailed application and reporting requirements for businesses seeking to qualify, and establishes a framework for the Missouri Technology Corporation to review and approve these businesses. The tax credit program is designed to encourage investment in early-stage, innovative companies across different geographic regions of Missouri, with specific criteria for eligible businesses and investors. The program is set to expire on December 31, 2033.

https://house.mo.gov/Bill.aspx?bill=HB2295&year=2026&code=R