Summary of the Introduced Bill

HB 1749 -- Qualified Research Tax Credit for Corporations

Sponsor:  Harris (23)

This bill creates a tax credit for corporations in a targeted
industry incurring qualified research costs.  The amount of the
credit ranges from 10% to 17.5% depending on whether the business
is a new or existing corporation and whether the research costs
were incurred with a Missouri public university, college, or
community college.

The Department of Economic Development is required to prepare an
annual report on the tax credits issued.

The provisions of the bill will expire six years from the
effective date.

Copyright (c) Missouri House of Representatives

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:16 am