HB 758 -- Research Tax Credits for Corporations

Sponsor:  Harris (23)

This bill allows certain corporations to receive a variety of tax
credits for qualified research expenses.  Permissible expenses
and research activities are detailed in the bill.

The bill allows an existing corporation in a targeted industry to
receive a tax credit equal to 10% of its qualified research
costs.  A new corporation in a targeted industry can receive a
total tax credit equal to 22.5% of its qualified research costs.
The bill also allows an existing corporation in a targeted
industry to receive a tax credit equal to 15% of its qualified
research costs if the corporation is working in partnership with
any public university, public college, or public community
college in Missouri.  For a new corporation, this tax credit is
equal to 17.5% of the qualified research costs.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:12 am