Incentivizes advanced manufacturing

HB 755 establishes the "Missouri Advanced Manufacturing Recruitment Program" by defining key terms for a new tax credit program. It directly affects advanced manufacturing companies in Missouri that create new jobs, requiring them to calculate "new jobs" as total new full-time Missouri employees minus their pre-project "base employment." The bill creates a framework where companies submit a "Notice of Intent" to the Missouri Department of Economic Development to qualify for tax credits based on new job creation and capital investment at their project facility. The bill is pending further legislative action after passing committee votes in February-March 2025.