HB 1810 -- Taxation:  Investment in Small Businesses

Co-Sponsors:  Gibbons, McClelland, Griesheimer, Levin, Froelker,
Dolan

This bill makes various changes to the provisions of tax credits
for investments in Missouri small businesses.  The bill:

(1)  Lowers the investment requirement of principal owners of
Missouri small businesses eligible for investment from 50% of
the business to 20% of the business;

(2)  Increases the statewide maximum of tax credits available
for investment in Missouri small businesses and community banks
or community development corporations from $19 million to $30
million;

(3)  Provides that $24 million of the $30 million maximum
statewide credit be available for qualified investments in
Missouri small businesses and $6 million for investment in
community banks  or community development corporations; and

(4)  Requires that no more than 20% of the tax credits available
for investments in community banks or community development
corporations be certified for any one project.