Legislation has been enacted that provides income and franchise tax credits and training program incentives under the"Missouri Works Program". The legislation also revises the process for designating an enhanced enterprise zone for income tax and property tax incentive purposes, and makes sales, use and transient guest tax changes. The "Missouri Works Program" replaces the Development Tax Credit program, the Rebuilding Communities Tax Credit program, the Enhanced Enterprise Zone Tax Credit program and the Missouri Quality Jobs program.
The legislation (HB 196) has been signed by Gov. Jay Nixon and became effective as of July 11, 2013 under an emergency clause.
The link to HB196 can be found here.
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