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SB1406 • 2026

Establishes the Missouri Defense and Energy Independence Act

Establishes the Missouri Defense and Energy Independence Act

Energy
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Henderson, Mike; House handler: N/A
Last action
2026-02-24
Official status
Hearing Cancelled S Commerce, Consumer Protection, Energy & the Environment Committee
Effective date
2026-08-28

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-02-24 Missouri House of Representatives and Missouri Senate

    Hearing Cancelled S Commerce, Consumer Protection, Energy & the Environment Committee

  2. 2026-01-27 S245

    Second Read and Referred S Commerce, Consumer Protection, Energy & the Environment Committee

  3. 2026-01-07 S89

    S First Read

  4. 2025-12-04 Missouri House of Representatives and Missouri Senate

    Prefiled

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SB 1406 - This act establishes the "Missouri Defense and Energy Independence Act".

For all tax years beginning on or after January 1, 2027, this act authorizes a qualified company to claim a tax credit not to exceed $6 million for qualified conversion costs incurred by the qualified company for converting such company to produce chemicals, metals, gases, or rare earth minerals that will be used for projects designed to decrease or eliminate reliance on foreign-produced materials.

Tax credits authorized by the act shall be issued to a qualified company in four equal annual installments. Tax credits shall not be refundable or carried forward, and shall not be transferred, sold, or assigned.

This act also establishes the "Grants for Independence from Foreign Influence Fund", which shall consist of at least $10 million in appropriated moneys. The fund shall be used by the Department of Economic Development to provide grants to qualified companies in an amount not to exceed $500,000. Grant funds shall be used solely for qualified conversion costs incurred before the completion of the conversion of the qualified company.

This act shall sunset on August 28, 2032, unless reauthorized by the General Assembly.

This act is identical to SB 537 (2025) and HB 1511 (2025), and is substantially similar to SB 1360 (2024) and HB 1834 (2024), and to a provision in HCS/HB 1935 (2024).
JOSH NORBERG