Tracking List: MAC 2026 - Sales/Use Tax, General Taxation

SB1553 - Sen. Kurtis Gregory (R) - Authorizes incentives for producing certain critical materials and pharmaceuticals
Summary: SS SB 1553 -- INCENTIVES FOR PRODUCING CERTAIN CRITICAL MATERIALS

MANUFACTURING SALES TAX EXEMPTION (Section 144.054)

Current law authorizes a sales tax exemption for energy, machinery, equipment, and materials used or consumed in the manufacturing, processing, compounding, mining, or producing of any product. This bill modifies the definition of "product" to include "critical materials" and "critical pharmaceuticals", as defined in the bill.

MISSOURI DEFENSE AND ENERGY INDEPENDENCE ACT (Section 620.1641)

This bill establishes the "Missouri Defense and Energy Independence Act".

The bill authorizes, for all tax years beginning on or after January 1, 2027, the Department of Economic Development to award tax credits to a qualified company for qualified project costs incurred by the qualified company on or after January 1, 2027, as such terms are defined in the bill. No tax credit can be authorized for any qualified company that incurs less than $5 million in qualified project costs.

The amount of tax credits must be equal to 20% of qualified project costs for qualified companies that incur at least $5 million but fewer than $15 million in qualified project costs, and 25% of qualified project costs for qualified companies that incur at least $15 million in qualified project costs.

Qualified project costs are costs incurred by a qualified company for the construction, expansion, or conversion of facilities and the acquisition of equipment for the production of critical materials or critical pharmaceuticals, as defined in the bill. Qualified project costs will not include any costs incurred by a qualified company utilizing a contractor unless such contractor is selected through an open bidding process, is headquartered in this State, has at least 85% of its workforce residing in Missouri, and maintains an existing U.S. Department of Labor registered apprenticeship program.

Tax credits authorized by this bill are not to be refundable, but can be carried forward for 10 subsequent tax years or until the full amount of the tax credit is redeemed, whichever occurs first. The tax credits can also be transferred, sold, or otherwise assigned. The cumulative amount of tax credits that may be authorized in any fiscal year can not exceed $40 million. The bill requires a qualified company seeking tax credits under this bill to submit a notice of intent to the Department, and must enter into a written agreement specifying the types and amounts of critical materials and critical pharmaceuticals that will be produced or processed, the estimated amount of capital investment and number of new jobs to be created at the project facility, clawback provisions, and other provisions the Department requires.

This bill also establishes the "Grants for Independence from Foreign Influence Fund", which must consist of at least $10 million in appropriated moneys. The Fund must be used by the Department to provide grants to qualified companies in an amount not to exceed $500,000. Grant funds must be administered by the Missouri Development Finance Board as the third-party administrator, and must be used solely for qualified project costs incurred before the completion of the project facility.

This Missouri Defense and Energy Independence Act will sunset on December 31, 2036, unless reauthorized by the General Assembly.
Citations: 144.054, 620.1641
Progress: Passed Into Law
Last Action:
07/13/2026 
G - Signed by the Governor
Bill History:
07/13/2026 
G - Signed by the Governor
05/28/2026 
G - Sent to the Governor
05/15/2026 
H - Truly Agreed and Finally Passed
05/15/2026 
H - Third Read and Passed - Y-105 N-29
05/15/2026 
H - Laid out for consideration
05/15/2026 
H - Reported Do Pass - House-Fiscal Review
05/15/2026 
H - Voted Do Pass - House-Fiscal Review
05/12/2026 
H - Referred to committee - House-Fiscal Review
05/11/2026 
H - Reported Do Pass - House-Rules-Legislative
05/11/2026 
H - Voted Do Pass - House-Rules-Legislative
05/08/2026 
H - Scheduled for Committee Hearing - 05/11/2026, 3:45 PM - House-Rules-Legislative, HR 1
05/08/2026 
H - Scheduled for Committee Hearing - 05/14/2026, 1:00 PM - ** REVISED to REMOVE BILLS ** - House-Rules-Legislative, HR 1
05/08/2026 
H - Scheduled for Committee Hearing - 05/13/2026, 9:30 AM - ** REVISED to REMOVE BILLS ** - House-Rules-Legislative, HR 1
05/08/2026 
H - Scheduled for Committee Hearing
05/05/2026 
H - Referred to committee - House-Rules-Legislative
05/05/2026 
H - Reported Do Pass - House-Commerce
05/04/2026 
H - Voted Do Pass - House-Commerce
05/04/2026 
H - Public hearing completed - House-Commerce
04/29/2026 
H - Scheduled for Committee Hearing - 05/04/2026, 4:30 PM - House-Commerce, HR 1
04/29/2026 
H - Scheduled for Committee Hearing - 05/04/2026, 4:30 PM - House-Commerce, HR 1
04/28/2026 
H - Referred to committee - House-Commerce
04/14/2026 
H - Read Second Time
04/13/2026 
H - Reported to the House and read first time
04/13/2026 
S - Third Read and Passed - Y-19 N-9
04/13/2026 
S - Laid out for consideration
04/13/2026 
S - Reported Do Pass - Senate-Fiscal Oversight
04/13/2026 
S - Voted Do Pass - Senate-Fiscal Oversight
04/09/2026 
S - Committee hearing cancelled - 4/9/26 - 9:45 am - Senate Lounge - Senate-Fiscal Oversight
04/09/2026 
H - Scheduled for Committee Hearing - 04/13/2026, 3:30 PM - Senate-Fiscal Oversight, SCR 2
04/08/2026 
H - Scheduled for Committee Hearing - 04/09/2026, 9:45 AM - ** CANCELLED ** - Senate-Fiscal Oversight, Senate Lounge
04/02/2026 
S - Referred to committee - Senate-Fiscal Oversight
04/01/2026 
S - Perfected
04/01/2026 
S - Floor Substitute Adopted
04/01/2026 
S - Floor Amendment(s) Adopted - 3
04/01/2026 
S - Laid out for consideration
03/25/2026 
S - Reported Do Pass - Senate-Economic and Workforce Development
02/25/2026 
S - Voted Do Pass - Senate-Economic and Workforce Development
02/18/2026 
S - Hearing Conducted - Senate-Economic and Workforce Development
02/12/2026 
H - Scheduled for Committee Hearing - 02/18/2026, 10:00 AM - Senate-Economic and Workforce Development, SCR 1
02/05/2026 
S - Referred to committee - Senate-Economic and Workforce Development
02/05/2026 
S - Read Second Time
01/13/2026 
S - Introduced and Read First Time
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