Bill > HB2527

This bill establishes a tax credit program for qualifying newspaper printing plants in Missouri, designed to support local print media businesses. The bill defines key terms such as "qualifying newspaper printing plant" as a business headquartered in Missouri that primarily generates revenue from printing newspapers, and creates a tax credit equal to 50% of labor costs for pressroom and mailroom staff incurred during tax years beginning January 1, 2026. Eligible taxpayers can claim credits against their state tax liability, with any excess credits being refundable, and credits can be transferred, sold, or assigned. The total amount of tax credits available is capped at $7 million per tax year, and businesses must apply to the Missouri Department of Revenue, providing details about their labor costs and other requested information. The tax credit program will automatically sunset after six years unless reauthorized by the state legislature, ensuring periodic review of the program's effectiveness and continued relevance. Importantly, the bill aims to provide financial support to local newspaper printing operations, potentially helping to preserve local journalism and print media infrastructure in Missouri.

https://house.mo.gov/Bill.aspx?bill=HB2527&year=2026&code=R