Modifies provisions relating to the Missouri works program
HB 1168 allows eligible Missouri businesses to keep a portion of state income tax withheld from new employees' paychecks for 5-6 years, instead of remitting it to the state. To qualify, businesses must create a minimum number of new jobs (10+ or 100+ for higher rates) with wages meeting specific county averages, and commit to capital investments (e.g., $100,000 in rural areas or $500 million for manufacturing). The bill also provides additional annual tax credits of up to 6% of new payroll for qualifying companies, capped at 9% total annual benefits, with special rules for large manufacturing investments. This directly affects businesses creating jobs in Missouri, particularly in rural zones or designated economic areas, by offering tax incentives tied to job creation and capital spending.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Apr 24, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
4
Committee
6
Apr 24, 2025
Lower · Passed
Reported Do Pass (H) - AYES: 7 NOES: 1 PRESENT: 0
lower
Apr 23, 2025
Lower · Passed
Voted Do Pass (H)
lower
Apr 1, 2025
Committee
Referred: Rules - Legislative(H)
lower
Mar 12, 2025
Lower · Passed
Reported Do Pass (H) - AYES: 13 NOES: 0 PRESENT: 0
lower
Mar 11, 2025
Lower · Passed
Voted Do Pass (H)
lower
Feb 19, 2025
Committee
Referred: Economic Development(H)
lower
Feb 3, 2025
Introduced
Introduced and Read First Time (H)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeff Knight
RRepublican
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