Missouri R&D Tax Credit Summary

MISSOURI R&D TAX CREDIT SUMMARY

Missouri State Enterprise Creation Credit

No Research & Development tax credit currently exists in Missouri. However, there is a new Enterprise Creation Credit. Corporations that make qualified contributions for certain investments can receive a credit against the corporate income tax for the full amount of the contribution.

A “qualified contribution” is a cash contribution to a qualified fund under the terms of a contract between the qualified fund and a qualified economic development organization authorized by the Missouri Technology Corporation (was Seed Capital Investment Board) to enter into such contracts.

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    How to Obtain the Credit?

    Organizations must be established under Missouri law and approved by the Missouri Technology Corporation in order to be a qualified fund eligible for contributions. The contributor must apply to the Department of Economic Development for the credit. A prescribed form must be used.

    Refundable/Transferable Tax Credit – No

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