MO HB1397

Modifies section 99.845 to allow political subdivisions that did not impose an economic activity tax in the baseline year to calculate the base amount as if the tax had been in effect when they subsequently impose such a tax.

Amends section 99.848 to require ambulance and fire protection district boards to set the reimbursement rate from the special allocation fund before assessment funds are paid in, with reimbursement ranging from at least 50 percent to no more than 100 percent of tax increment.

Applies reimbursement provisions only to tax increment financing projects or districts approved on or after August 28, 2004, excluding earlier projects.

Clarifies language in section 99.810 by specifying "subsection 1 of" in the affidavit requirement for developer attestations.