Missouri Meat Processing Facility Investment Tax Credit Program

The Missouri Meat Processing Facility Investment Tax Credit Program aims to stimulate investment in the meat processing industry in Missouri by enabling livestock producers to capture added value through further processing.

Eligible applicants are meat processing facility owners/operators in Missouri with combined employment of fewer than 500 individuals across all meat processing facilities owned. Modernization or expansion activities must occur January 1, 2022 through December 31, 2028. Expenses cannot be funded or reimbursed by state or federal sources.

The credit is 25% of the amount the taxpayer paid in the tax year for modernization and expansion, up to a maximum of $75,000 annually per facility, with a statewide cap of $2,000,000 per calendar year. Credits are non-refundable but may be carried forward 4 years and are transferable (with a $50 transfer fee). A $100 application fee plus a 3% tax-credit issuance fee apply. The program sunsets December 31, 2028.

Tax Credit applications for a tax year are due by November 1 of the following year (2024 applications were due November 1, 2025). Apply through MASBDA at (573) 751-2129 or masbda@mda.mo.gov.