SB 572 Establishes the Science and Innovation Reinvestment Act
Sponsor: Dempsey Co-Sponsor(s)
LR Number: 2078S.01I Fiscal Note: 2078-01
Committee: Jobs, Economic Development and Local Government
Last Action: 5/15/2009 - S Informal Calendar S Bills for Perfection--SB 572-Dempsey and Justus Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2009

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Current Bill Summary

SB 572 - This act creates the Missouri science and innovation reinvestment authority to create, attract, and enhance new and existing science and innovation companies in the state and make Missouri the most attractive state for conducting, facilitating, performing, and supporting science and innovation research, development, and commercialization. The act sets out the powers, duties, and membership of the authority. The authority will have the power to allocate certain percentages of employee income tax withholdings of science and innovation companies to the newly created science and innovation fund along with other revenues derived from federal grants, loans, gifts and bond issuances to enhance Missouri's science and innovation research, development and commercialization.