Bill > SB1563

This bill, known as the Missouri Angel Investment Incentive Act, establishes a program to encourage investment in qualified Missouri businesses by offering tax credits to investors. An "investor" is defined as an accredited individual or entity, or one qualifying under the JOBS Act, who makes a "cash investment" (money or money-equivalent) in "qualified securities" (various forms of equity or subordinate debt that can convert to equity) of a "qualified Missouri business." A qualified Missouri business is one approved by the Missouri Technology Corporation (MTC) as a "qualified knowledge-based company" (involved in innovative technology development and commercialization) and is either domiciled in Missouri or primarily operates there. The act allows for a tax credit of 40% of the cash investment, increasing to 50% if the investment is in a business located in a "rural county" (a county with fewer than 100,000 inhabitants). These tax credits can be carried forward for five years if not fully used in a single tax year, and they are transferable to other individuals. The MTC will oversee the designation of qualified businesses and the allocation of tax credits, with specific caps on the amount of tax credits a single business can receive per investor and annually. The program is set to expire on December 31, 2033, with annual reporting requirements to track its effectiveness and economic impact.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=991138