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Deal Closing Fund

SB 56 (Sen. Mike Cierpiot) & HB 255 (Rep. Travis Fitzwater)
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​Proposed Structure:
  • Tax credits can be issued in the initial year, when the company needs to offset startup costs, rather than over a longer period
  • Depending on the available cap space each year, up to $25 million would be set aside within the existing Missouri Works cap—no new program or dollars are required 
  • Using the existing and proven Missouri Works structure, the credits are saleable and refundable
Advantages:
  • Puts Missouri in the running with other states that have this tool
  • Helps businesses manage costs and shorten ramp up time for expansions
  • Uses existing dollars more strategically to win projects
  • Claw backs ensure performance and protect tax payers
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