New or existing Missouri companies looking to embark on locating or expanding their headquarters in the state may be able to access incentives based on the number of news jobs and investment associated with the project.
Pursuant to HB 191 (2009), “headquarters” that commence operations and “headquarters” of certain “employee-owned” businesses that commence or expand operations on or before December 31, 2019 may be eligible for the program.
To receive credits in any of the ten years, the “headquarters” facility must create at least 25 new jobs and make $1,000,000 in investment in that year as compared to the base year (the year prior to the commencement of operations at the facility).
The investment credits are based on the original cost of machinery, equipment, furniture, fixtures, land and building, and/or eight times the annual rental rate paid for the same. Inventory is not eligible.