MO Department of Economic Development
Application Cycle Deadline: Rolling
Intern and Apprentice Recruitment Act: The Intern and Apprentice Recruitment Act (IARA) allows eligible taxpayers to claim a tax credit against the taxpayer’s state tax liability for hiring interns or apprentices, provided eligibility criteria is met. $1,500 tax credit per eligible Intern or Apprentice, $9,000 maximum tax credit per year per eligible company, $1 million program cap in tax credits per year.
Historic Preservation Tax Credit Program: A state tax credit equal to 25% of the total qualified rehabilitation expenditures (QREs) for the eligible property. State tax credits can be carried back as far as 3 years, and has a carry forward of 10 years. Eligible applicants include firms, partnerships, trusts, estates, limited liability companies, corporations, not-for-profits, and government entities.
Water/Wastewater Community Development Block Grant: This grant provides funding for communities to make improvements to drinking water and wastewater systems. Eligible applicants must be sure that the project beneficiaries are at least 51% low-to-moderate income persons. Eligible projects include new water or sewer systems or expansion/upgrades of existing systems that have substantiated health concerns are prioritized. Successful applicants must demonstrate that rates will adequately cover operation, maintenance, reserves, emergencies, employee overhead, etc.; or the community must have initiated a graduated rate increase that will provide adequate operating costs over a period of years. Operation and maintenance activities and not eligible. The maximum amount any applicant can apply for is $750,000 or $5,000 per household.
Application Cycle Deadline: Recurring
Missouri Qualified Research Expense Tax Credit Program: This is a program that provides incentives for additional research expenses for tax years beginning on or after January 1, 2023, for tax years beginning on or after January 1, 2023. Taxpayers may be authorized to receive a credit against the Missouri corporate income tax and financial institutions tax equal to 15% of a taxpayer’s “additional qualified research expenses” or the credit is increased to 20% if such expenses relate to research conducted in conjunction with a public or private Missouri college or university. The highest amount of credit a single taxpayer may claim in one year is $300,000 and the aggregate of all tax credits shall not exceed $10 million in any single year. The $5 million of all tax credits is set aside for small, minority, and women-owned businesses. Eligible applicants include organizations or entities exempt from federal income tax or any business in good standing with the Secretary of State.
The Qualified Research Expense Tax Credit (QRE) Program cycle for the 2024 tax year was open August 1, 2025, through September 30, 2025, for applications via Submittable.
