| State: |
MO |
| Incentive Type: |
Special Purpose Zone Incentives and Credits |
| Incentive Title: |
Other Tax Incentives/Credits |
| Description: |
Rebuilding Communities: Income tax credits for eligible businesses that locate, relocate or expand their business within a distressed community. Provides a combination of investment tax and other credits, including a credit based on 40% of the company's state income tax; a credit based on 40% of the amount of funds expended for computer equipment and other specific expenditures; a credit for employees of an eligible business equal to 1.5% of their gross annual salary; and an income tax credit on 25% of the amount of funds expended for other eligible equipment. |
| Eligibility Requirements: |
Must have more than 75% of a company's employees at the facility in the distressed community; fewer than 100 total employees; primarily engaged in manufacturing, biomedical, medical devices, scientific research, animal research, software design or development, computer programming, telecommunications or a professional firm. |
| Geographic Restrictions: |
Distressed communities only |
| Granting Authority: |
Missouri Department of Economic Development |
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