Bill Commons

MO SB 1553

enacted

SS/SB 1553 - This act modifies provisions relating to incentives for producing certain critical materials and pharmaceuticals. MANUFACTURING SALES TAX EXEMPTION 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 act modifies the definition of "product" to include critical materials and critical pharmaceuticals, as defined in the act. (Section 144.054) MISSOURI DEFENSE AND ENERGY INDEPENDENCE ACT This act establishes the "Missouri Defense and Energy Independence Act". For all tax years beginning on or after January 1, 2027, this act authorizes 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 act. No tax credit shall be authorized for any qualified company that incurs less than $5 million in qualified project costs. The amount of tax credits shall 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 those 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 such terms are defined in the act. Qualified project costs shall 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 Missouri, 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 the act shall not be refundable, but may be carried forward for ten subsequent tax years or until the full amount of the tax credit is redeemed, whichever occurs first. The tax credits may also be transferred, sold, or otherwise assigned. The cumulative amount of tax credits that may be authorized in any fiscal year shall not exceed $40 million. A qualified company seeking tax credits under the act shall submit a notice of intent to the Department, and shall 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 act also establishes the "Grants for Independence from Foreign Influence Fund", which shall consist of at least $10 million in appropriated moneys. The fund shall be used by the Department of Economic Development to provide grants to qualified companies in an amount not to exceed $500,000. Grant funds shall be administered by the Missouri Development Finance Board as the third-party administrator, and shall be used solely for qualified project costs incurred before the completion of the project facility. This act shall sunset on December 31, 2036, unless reauthorized by the General Assembly. This act is substantially similar to SB 1406 (2026), HB 3027 (2026), SB 537 (2025), HB 1511 (2025), SB 1360 (2024), and HB 1834 (2024), and to a provision in HCS/HB 1935 (2024). JOSH NORBERG

Missouri · 2026 Regular Session · upper

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Quick answers

Did MO SB 1553 pass?

Yes. MO SB 1553 has been enacted into law. Latest recorded action (2026-07-13): Signed by Governor

What is MO SB 1553 about?

MO SB 1553 is a bill in the 2026 Regular Session titled “SS/SB 1553 - This act modifies provisions relating to incentives for producing certain critical materials and pharmaceuticals. MANUFACTURING SALES TAX EXEMPTION 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 act modifies the definition of "product" to include critical materials and critical pharmaceuticals, as defined in the act. (Section 144.054) MISSOURI DEFENSE AND ENERGY INDEPENDENCE ACT This act establishes the "Missouri Defense and Energy Independence Act". For all tax years beginning on or after January 1, 2027, this act authorizes 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 act. No tax credit shall be authorized for any qualified company that incurs less than $5 million in qualified project costs. The amount of tax credits shall 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 those 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 such terms are defined in the act. Qualified project costs shall 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 Missouri, 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 the act shall not be refundable, but may be carried forward for ten subsequent tax years or until the full amount of the tax credit is redeemed, whichever occurs first. The tax credits may also be transferred, sold, or otherwise assigned. The cumulative amount of tax credits that may be authorized in any fiscal year shall not exceed $40 million. A qualified company seeking tax credits under the act shall submit a notice of intent to the Department, and shall 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 act also establishes the "Grants for Independence from Foreign Influence Fund", which shall consist of at least $10 million in appropriated moneys. The fund shall be used by the Department of Economic Development to provide grants to qualified companies in an amount not to exceed $500,000. Grant funds shall be administered by the Missouri Development Finance Board as the third-party administrator, and shall be used solely for qualified project costs incurred before the completion of the project facility. This act shall sunset on December 31, 2036, unless reauthorized by the General Assembly. This act is substantially similar to SB 1406 (2026), HB 3027 (2026), SB 537 (2025), HB 1511 (2025), SB 1360 (2024), and HB 1834 (2024), and to a provision in HCS/HB 1935 (2024). JOSH NORBERG”.

Who sponsors MO SB 1553?

Gregory (21), Kurtis is the primary sponsor of MO SB 1553.

Description

SS/SB 1553 - This act modifies provisions relating to incentives for producing certain critical materials and pharmaceuticals. MANUFACTURING SALES TAX EXEMPTION 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 act modifies the definition of "product" to include critical materials and critical pharmaceuticals, as defined in the act. (Section 144.054) MISSOURI DEFENSE AND ENERGY INDEPENDENCE ACT This act establishes the "Missouri Defense and Energy Independence Act". For all tax years beginning on or after January 1, 2027, this act authorizes 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 act. No tax credit shall be authorized for any qualified company that incurs less than $5 million in qualified project costs. The amount of tax credits shall 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 those 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 such terms are defined in the act. Qualified project costs shall 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 Missouri, 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 the act shall not be refundable, but may be carried forward for ten subsequent tax years or until the full amount of the tax credit is redeemed, whichever occurs first. The tax credits may also be transferred, sold, or otherwise assigned. The cumulative amount of tax credits that may be authorized in any fiscal year shall not exceed $40 million. A qualified company seeking tax credits under the act shall submit a notice of intent to the Department, and shall 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 act also establishes the "Grants for Independence from Foreign Influence Fund", which shall consist of at least $10 million in appropriated moneys. The fund shall be used by the Department of Economic Development to provide grants to qualified companies in an amount not to exceed $500,000. Grant funds shall be administered by the Missouri Development Finance Board as the third-party administrator, and shall be used solely for qualified project costs incurred before the completion of the project facility. This act shall sunset on December 31, 2036, unless reauthorized by the General Assembly. This act is substantially similar to SB 1406 (2026), HB 3027 (2026), SB 537 (2025), HB 1511 (2025), SB 1360 (2024), and HB 1834 (2024), and to a provision in HCS/HB 1935 (2024). JOSH NORBERG

Introduced
—
Latest action
2026-07-13 — Signed by Governor
Bill type
bill
Last updated
—

Sponsors

  • Gregory (21), Kurtisprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-07-13

    Signed by Governor

    executive-signature

  2. 2026-05-28

    Reported Duly Enrolled Rules, Joint Rules, Resolutions & Ethics Committee

  3. 2026-05-28

    Signed by Senate President Pro Tem

  4. 2026-05-28

    Signed by House Speaker

  5. 2026-05-28

    Delivered to Governor

  6. 2026-05-15

    Voted Do Pass H Fiscal Review

    committee-passage

  7. 2026-05-15

    Reported Do Pass H Fiscal Review

    committee-passage

  8. 2026-05-15

    H Third Read and Passed

    passage,reading-3

  9. 2026-05-15

    Truly Agreed To and Finally Passed

    passage

  10. 2026-05-14

    Bill Placed on H Informal Calendar

  11. 2026-05-14

    Executive Session Action postponed H Fiscal Review

  12. 2026-05-12

    Referred H Fiscal Review Committee

    referral-committee

  13. 2026-05-11

    Voted Do Pass H Rules - Legislative

    committee-passage

  14. 2026-05-11

    Reported Do Pass H Rules - Legislative

    committee-passage

  15. 2026-05-05

    Reported Do Pass H Commerce

    committee-passage

  16. 2026-05-05

    Referred H Rules - Legislative

    referral-committee

  17. 2026-05-04

    Hearing Conducted H Commerce

  18. 2026-05-04

    Voted Do Pass H Commerce

    committee-passage

  19. 2026-04-28

    Referred H Commerce

    referral-committee

  20. 2026-04-14

    H Second Read

    reading-2

  21. 2026-04-13

    Voted Do Pass S Fiscal Oversight Committee

    committee-passage

  22. 2026-04-13

    Reported from S Fiscal Oversight Committee

  23. 2026-04-13

    S Third Read and Passed

    passage,reading-3

  24. 2026-04-13

    H First Read

    reading-1

  25. 2026-04-02

    Reported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee

  26. 2026-04-02

    Referred S Fiscal Oversight Committee

    referral-committee

  27. 2026-04-01

    SS S offered (Gregory-21)--(6232S.02F)

  28. 2026-04-01

    SA 1 to SS S offered & withdrawn (Moon)--(6232S02.02S)

  29. 2026-04-01

    SA 2 to SS S offered & adopted (Lewis)--(6232S02.01S)

  30. 2026-04-01

    SA 3 to SS S offered (Beck)--(6232S02.03S)

  31. 2026-04-01

    SA 1 to SA 3 to SS S offered & adopted (Gregory-21)--(6232S02.06S)

  32. 2026-04-01

    SA 3 to SS, as amended, S adopted

    passage

  33. 2026-04-01

    SA 4 to SS S offered & adopted (Nicola)--(6232S02.05S)

  34. 2026-04-01

    SS, as amended, S adopted

    passage

  35. 2026-04-01

    Perfected

  36. 2026-03-25

    Reported from S Economic and Workforce Development Committee

  37. 2026-02-25

    Voted Do Pass S Economic and Workforce Development Committee

    committee-passage

  38. 2026-02-18

    Hearing Conducted S Economic and Workforce Development Committee

  39. 2026-02-05

    Second Read and Referred S Economic and Workforce Development Committee

    reading-2,referral-committee

  40. 2026-01-13

    S First Read

    reading-1

Versions

  • 4/1/2026 - SA 4 to SS S offered & adopted (Nicola)--(6232S02.05S) 4/1/2026 - AdoptedCompare
  • 4/1/2026 - SA 1 to SA 3 to SS S offered & adopted (Gregory-21)--(6232S02.06S) 4/1/2026 - AdoptedCompare
  • 4/1/2026 - SA 3 to SS S offered (Beck)--(6232S02.03S) 4/1/2026 - Adopted, as amendedCompare
  • 4/1/2026 - SA 2 to SS S offered & adopted (Lewis)--(6232S02.01S) 4/1/2026 - AdoptedCompare
  • 4/1/2026 - SS S offered (Gregory-21)--(6232S.02F) 4/1/2026 - Adopted, as amendedCompare
  • 6232S.01I - IntroducedCompare
  • 6232S.02P - PerfectedCompare
  • 6232S.02T - Truly Agreed to and Finally PassedCompare
  • (document, no version)Compare

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://www.senate.mo.gov/BillTracking/Bills/BillInformation?year=2026&billid=746301

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:25:15.077812Z

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