SB 461 Missouri Senate · 2025 Regular Session

Establishes the Missouri Angel Investment Incentive Act

The provided context does not include the actual text or policy details of SB 461. It only lists the bill's title, abstract (which repeats the title), and basic procedural history (prefiling, committee hearings). Without the bill's specific provisions, mechanisms, or target beneficiaries described in the abstract or other materials, a substantive summary cannot be generated. The context confirms it relates to "angel investment" but does not explain what the incentive entails or who it would affect.

Bill status in committee 1 of 4 stages cleared

Introduction

Dec 2024

Committee Review

Floor Vote

Governor

Introduced Dec 3, 2024 Last action Apr 2, 2025

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What changed between versions

Introduced → Senate Committee Substitute - Committee Version · 4 edits

MODERATE

The bill was revised from its original introduction to a committee version, primarily updating the definition of 'Rural county' and adding provisions for how tax credits are claimed by permitted entity investors. These changes expand the scope of the tax credit program to include more counties and clarify how investment funds can be claimed by investment vehicles.

Scope change

The bill's scope was expanded by redefining 'Rural county' to include counties with fewer than 50,000 inhabitants instead of 25,000, thereby increasing the number of eligible locations for the tax credit.

DEFINITION

The definition of 'Rural county' was changed from fewer than 25,000 inhabitants to fewer than 50,000 inhabitants, expanding the geographic areas eligible for the enhanced 50% tax credit rate.

A new definition for 'Owner' was added, clarifying that it refers to any natural person who is a partner, stockholder, or member in a permitted entity investor.

REQUIREMENT

New provisions were added stating that if an investor is a permitted entity investor (like a partnership or LLC), the tax credit must be claimed by that entity in proportion to each owner's equity investment.

TIMELINE

The carryforward period for unused tax credits was extended from an unspecified duration to five years, or until the credit is fully used, whichever comes first.

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 2, 2025

Upper · Passed

SCS Voted Do Pass S Economic and Workforce Development Committee (0750S.03C)

upper

Mar 26, 2025

Upper · Passed

Hearing Conducted S Economic and Workforce Development Committee

upper

Dec 3, 2024

Introduced

Prefiled

upper

1 primary · 0 co-sponsors