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MissouriSB15532026 Regular SessionSenate

Authorizes incentives for producing certain critical materials and pharmaceuticals

Sponsored By: Kurtis Gregory (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

New grants for Missouri production projects

The law creates grants for qualified company projects that support independence from foreign influence. It requires a dedicated state fund containing at least $10 million appropriated by lawmakers; outside contributions can also support it. Awards depend on appropriations and cannot exceed $500,000 per application. Grants cover only qualified project costs incurred before the project facility is complete. The Department of Economic Development reviews applications and verifies costs; the Missouri Development Finance Board disburses approved awards. The State Treasurer holds and invests the fund, which keeps its earnings and unspent money rather than returning them to general revenue. Program rules must follow Missouri's administrative rulemaking law. If lawmakers' rule-review powers are held unconstitutional, the rulemaking authority and rules proposed or adopted after August 28, 2026, become void. Unless lawmakers renew it, the program sunsets December 31, 2036, and its authorizing section terminates September 1, 2037. The sunset does not undo state obligations incurred before it, including tax-credit obligations.

New project tax credits for Missouri producers

For tax years beginning January 1, 2027, or later, Missouri offers approved producers credits for project costs incurred from that date. Credits equal 20% of qualifying costs totaling $5 million to under $15 million, or 25% for totals of at least $15 million. Costs must support building, expanding, or converting facilities, or buying equipment, to produce critical materials or medicines. Applicants must be Missouri-registered nontraditional defense contractors. Their headquarters cannot be in countries named as national-security risks in any of the three latest annual U.S. intelligence threat assessments. Companies must submit a notice of intent, get Department of Economic Development approval, and sign a written agreement. Contractor costs qualify only for Missouri-headquartered contractors chosen through open bidding, with at least 85% Missouri-resident project workers and an existing U.S. Department of Labor-registered apprenticeship program. Credits are nonrefundable, meaning they cannot generate a tax refund; unused credits carry forward up to 10 subsequent tax years, and credits can be transferred. Total awards are capped at $40 million per fiscal year, with credits allowed in claim order when applications exceed the cap.

Sales tax relief for Missouri producers

Qualifying Missouri producers pay no state or local sales and use tax on covered production inputs. These include utilities, energy sources, chemicals, machinery, equipment, and materials used to make critical materials or medicines. Covered activities include manufacturing, processing, compounding, and mining. The exemption also covers qualifying work with recovered materials and research and development related to producing or processing products.

Sponsors & Cosponsors

Sponsor

  • Kurtis Gregory

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 24 • No: 2

House vote • 5/15/2026

Reported Do Pass

Yes: 5 • No: 2

House vote • 5/11/2026

Reported Do Pass

Yes: 10 • No: 0

House vote • 5/5/2026

Reported Do Pass

Yes: 9 • No: 0

Actions Timeline

  1. Delivered to Secretary of State (G)

    7/13/2026

  2. Approved by Governor (G)

    7/13/2026

  3. Delivered to Governor

    5/28/2026

  4. Signed by House Speaker

    5/28/2026House

  5. House Message

    5/15/2026House

  6. Truly Agreed To and Finally Passed

    5/15/2026

  7. Title of Bill - Agreed To

    5/15/2026

  8. Taken Up for Third Reading

    5/15/2026House

  9. Reported Do Pass - AYES: 5 NOES: 2 PRESENT: 0

    5/15/2026House

  10. Voted Do Pass

    5/15/2026House

  11. Executive Session Completed

    5/15/2026House

  12. Action Postponed

    5/14/2026House

  13. Executive Session Continued

    5/14/2026

  14. Placed on the Informal Third Reading Calendar

    5/14/2026House

  15. Referred: Fiscal Review

    5/12/2026House

  16. Reported Do Pass - AYES: 10 NOES: 0 PRESENT: 0

    5/11/2026House

  17. Voted Do Pass

    5/11/2026House

  18. Executive Session Completed

    5/11/2026House

  19. Referred: Rules - Legislative

    5/5/2026House

  20. Reported Do Pass - AYES: 9 NOES: 0 PRESENT: 0

    5/5/2026House

  21. Voted Do Pass

    5/4/2026House

  22. Executive Session Completed

    5/4/2026House

  23. Public Hearing Completed

    5/4/2026House

  24. Referred: Commerce

    4/28/2026House

  25. Read Second Time

    4/14/2026House

Bill Text

  • Truly Agreed to and Finally Passed

    5/15/2026

    PDF

  • Introduced

    PDF

  • Perfected

    PDF

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