HB 3214 creates "Manufacturing Opportunity Zones" in Missouri for large manufacturing developments requiring access to transportation and essential utilities like electricity, gas, and water. It exempts qualifying manufacturing companies (with NAICS codes 31-33 that own property in Missouri) from state corporate income tax starting in 2027, establishes a fast-track permitting process for projects in these zones, and creates a dedicated utility fund financed by a 1% user fee on utilities to improve infrastructure. The bill also introduces a small business loan guarantee program (up to 90% total guarantee) to support manufacturing and technology companies investing in these zones.
HB 2654 creates tax credits for companies making new capital investments in the state, directly affecting businesses planning significant projects. To qualify, a company must commit to spending at least $50 million on new investments within two years, with credits covering up to 2.5% of that investment over a three-year period. Companies must submit a notice of intent, provide annual reports on jobs created and investment details, and cannot use these credits for projects already covered by other programs. Data storage centers are explicitly excluded from eligibility under this bill.
HB 3095 modifies tax credit eligibility for new business facilities, specifically affecting headquarters facilities. It extends the cutoff for eligibility from 2031 to 2041 for headquarters facilities to receive incentives under sections 135.100-135.150. The bill also allows headquarters expansions meeting minimum thresholds (25+ new employees and $1 million+ investment) to count as separate new facilities for credit purposes. Additionally, it clarifies that multiple noncontiguous buildings within the same county or municipality count as a single facility for eligibility.
HB 2883 modifies Missouri's "Show-Me Sports Investment Act" to govern state funding for professional sports facilities. It allows the state to provide financial assistance (up to the facility's baseline tax revenues annually) to MLB or NFL teams for new or upgraded athletic venues with seating over 30,000, requiring projects to cost at least $500 million. The bill restricts funding to exclude tax revenues from the 2026 FIFA World Cup in specific counties and caps state spending at 50% of project costs via bonds over a 30-year period. This directly affects professional sports franchises seeking state support for facility development in Missouri.
HB 1845 creates the Missouri Angel Investment Incentive Act, offering tax credits to qualified investors who provide cash investments to eligible Missouri businesses. The bill directly affects accredited investors (including those meeting federal JOBS Act criteria) and "qualified Missouri businesses" approved by the Missouri Technology Corporation (MTC) as tech-focused companies operating in designated geographic regions across Missouri. Key provisions include tax credits equal to 25% of qualifying investments (up to $100,000 per investor annually) for businesses meeting location criteria - either domiciled in Missouri or primarily operating within the state. The law excludes investors who are executives, officers, or employees of the business they invest in, but allows directors to qualify for credits.
