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SB1425 • 2026

Modifies a provision relating to a tax credit for new business facilities

Modifies a provision relating to a tax credit for new business facilities

Taxes
Passed Legislature

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

Sponsor
Gregory (21), Kurtis; House handler: N/A
Last action
2026-03-11
Official status
Voted Do Pass S Economic and Workforce Development Committee
Effective date
2026-08-28

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Modifies a provision relating to a tax credit for new business facilities

The following summaries of this bill are available: Print All Summaries Introduced Print SB 1425 - Current law authorizes a tax credit for a 10-year period for business headquarters that commence operations in this state on or before December 31, 2030.

What This Bill Does

  • The following summaries of this bill are available: Print All Summaries Introduced Print SB 1425 - Current law authorizes a tax credit for a 10-year period for business headquarters that commence operations in this state on or before December 31, 2030.
  • This act extends such date to December 31, 2040.
  • This act is identical to HB 3095 (2026).
  • JOSH NORBERG

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-11 Missouri House of Representatives and Missouri Senate

    Voted Do Pass S Economic and Workforce Development Committee

  2. 2026-03-04 Missouri House of Representatives and Missouri Senate

    Hearing Conducted S Economic and Workforce Development Committee

  3. 2026-02-05 S304

    Second Read and Referred S Economic and Workforce Development Committee

  4. 2026-01-07 S90

    S First Read

  5. 2025-12-10 Missouri House of Representatives and Missouri Senate

    Prefiled

Official Summary Text

The following summaries of this bill are available:

Print All Summaries

Introduced

Print

SB 1425 - Current law authorizes a tax credit for a 10-year period for business headquarters that commence operations in this state on or before December 31, 2030. This act extends such date to December 31, 2040.

This act is identical to HB 3095 (2026).
JOSH NORBERG

Current Bill Text

Read the full stored bill text 
EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted
and is intended to be omitted in the law.
SECOND REGULAR SESSION
SENATE BILL NO. 1425
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR GREGORY (21).
5851S.01I KRISTINA MARTIN, Secretary
AN ACT
To repeal section 135.155, RSMo, and to enact in lieu thereof one new section relating to a tax
credit for new business facilities.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Section 135.155, RSMo, is repealed and one new 1
section enacted in lieu thereof, to be known as section 135.155, 2
to read as follows:3
135.155. 1. Notwithstanding any provision of the law 1
to the contrary, no revenue-producing enterprise other than 2
headquarters as defined in subsection 10 of section 135.110 3
shall receive the incentives set forth in sections 135.100 4
to 135.150 for facilities commencing operations on or after 5
January 1, 2005. No headquarters shall receive the 6
incentives set forth in subsections 9 to 14 of section 7
135.110 for facilities commencing or expanding operations on 8
or after January 1, [2031] 2041. 9
2. Notwithstanding subsection 9 of section 135.110 to 10
the contrary, expansions at headquarters facilities shall 11
each be considered a separate new business facility and each 12
be entitled to the credits as set forth in subsections 9 to 13
14 of section 135.110 if the number of new business facility 14
employees attributed to each such expansion is at least 15
twenty-five and the amount of new business facility 16
investment attributed to each such expansion is at least one 17
SB 1425 2
million dollars. In any year in which a new business 18
facility is not created, the jobs and investment for that 19
year shall be included in calculating the credits for the 20
most recent new business facility and not an earlier created 21
new business facility. 22
3. Notwithstanding any provision of law to the 23
contrary, for headquarters, buildings on multiple 24
noncontiguous real properties shall be considered one 25
facility if the buildings are located within the same county 26
or within the same municipality. 27
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