Tax credits for community improvement

Removed the 'Missouri Angel Investment Incentive Act' framework that was designed to encourage investments in specific knowledge-based companies.

Added new tax credit provisions focused on community improvement projects rather than business investments.

Removed eligibility requirements for accredited investors and specific investor types that were part of the original investment incentive program.

Added eligibility criteria for communities with 15,000 or fewer inhabitants in specific geographic areas, prioritizing rural and non-metropolitan areas.

Changed tax credit rates from variable percentages to a standard 70% credit for most community improvement contributions, with a 50% credit as a fallback when maximum limits are reached.

Removed detailed definitions for 'qualified knowledge-based company,' 'MTC,' and specific investor categories that were central to the original investment program.

Added requirements that tax credits cannot exceed the amount contributed and that total economic benefit from federal and state tax savings cannot exceed contributions.