Missouri R&D Tax Credit Summary

Missouri R&D Tax Credit, R&D Tax Credit

Missouri State R&D Tax Credit

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 corporation 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.

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

Find out if you qualify for the R&D tax credit

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