HB 291 -- Small Business and Entrepreneurial Growth Act

Sponsor:  Roorda

This bill establishes the Small Business and Entrepreneurial
Growth Act for small business employers who expand their business
by increasing the number of jobs and meeting certain
qualifications.  Beginning January 1, 2008, a qualified employer
can retain the Missouri withholding tax from the salaries of the
newly created jobs for one year; or if the employer pays more
than 50% of the cost of the premiums for health insurance for all
employees, the withholding tax can be retained for two years.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:18 am