The Missouri Chamber of Commerce and Industry supports legislation that would encourage private investment in startup businesses across the state.
Known as the “Missouri Angel Investment Incentive Act,” SB 461, sponsored by Sen. Kurtis Gregory (R-Marshall), allows an investor to claim a tax credit worth 40 percent of their investment in a qualified business, or 50 percent if the business is located in a rural county.
During a hearing before the Senate Economic and Workforce Development Committee, Gregory said no investor could receive more than $75,000 in tax credits in a year for contributions to a single business.
If approved by lawmakers, the program would run from Jan. 1, 2026, to Dec. 31, 2032, unless reauthorized by the General Assembly. The Missouri Technology Corporation, which is part of the Missouri Department of Economic Development, would administer the program.
“It can be really tough to get a startup off the ground in this state,” Gregory said. “This bill incentivizes investors to devote resources to these new businesses and help them be successful.”
Gregory noted that several states that border Missouri already have angel investment tax credits, including Illinois, Kansas and Tennessee.
“Missouri is a nationally recognized site for innovation, and we believe this bill can serve as an economic development powerhouse because it encourages investment in innovative Missouri businesses right from the start,” said Missouri Chamber Manager of Governmental Affairs Cade Tremain.
A companion bill, HB 235, is sponsored by Rep. Sherri Gallick (R-Belton).
For more information, contact Tremain at ctremain@mochamber.com or call (573) 634-3511.
