HB 1007 Missouri House · 2025 Regular Session

Modifies provisions relating to tax credits

HB 1007 updates Missouri's tax credit programs by modifying provisions related to economic development funds. It extends the expiration date for certain tax credit programs (like the "Jobs Now Fund") to August 28, 2031, with automatic renewal every six years if reauthorized. The bill establishes specific funds - including the "Jobs Now Fund," "Industrial Development Fund," and "Export Finance Fund" - and details how money flows into them from state appropriations, bonds, grants, and repayments. It also requires the state to allocate up to $12 million annually from increased tax revenue to the Jobs Now Fund to support economic development initiatives.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 23, 2025 Last action May 14, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → House Committee Substitute · 3 edits

MINOR

The bill was revised from an introduced version to a House Committee Substitute version, primarily updating the legislative classification and correcting the count of new tax credit sections from forty-five to forty-six. The changes include technical formatting updates and a specific addition of section 135.750 to the list of repealed statutes.

Scope change

The bill's scope remains focused on tax credit legislation, but the count of new sections enacted was adjusted from forty-five to forty-six, indicating an additional section was added or the count was corrected.

TECHNICAL

Updated bill classification from 'Introduced' to 'House Committee Substitute' with corresponding changes to bill number and page headers.

Corrected the count of new tax credit sections from forty-five to forty-six in multiple locations within the bill.

SCOPE

Added section 135.750 to the list of repealed statutes, expanding the scope of repealed legislation.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 14, 2025

Committee

Referred: Rules - Legislative(H)

lower

Apr 9, 2025

Lower · Passed

HCS#2 Reported Do Pass (H) - AYES: 5 NOES: 3 PRESENT: 0

lower

Apr 8, 2025

Lower · Passed

HCS#2 Voted Do Pass (H)

lower

Mar 27, 2025

Lower · Passed

Returned to Committee of Origin (H) - Special Committee on Tax Reform - AYES: 9 NOES: 0 PRESENT: 0

lower

Mar 27, 2025

Lower · Passed

Voted to Return to the Committee of Origin (H)

lower

Feb 19, 2025

Committee

Referred: Rules - Administrative(H)

lower

Feb 12, 2025

Lower · Passed

HCS Reported Do Pass (H) - AYES: 6 NOES: 3 PRESENT: 0

lower

Feb 11, 2025

Lower · Passed

HCS Voted Do Pass (H)

lower

Jan 30, 2025

Committee

Referred: Special Committee on Tax Reform(H)

lower

Jan 23, 2025

Introduced

Introduced and Read First Time (H)

lower

1 primary · 0 co-sponsors