MO SB999

Repeals and re-enacts sections 135.950, 135.953, 135.960, 135.963, 135.967, 135.970, and 135.973 RSMo, and creates new section 135.969 to govern enhanced enterprise zones and tax credits for businesses locating in these zones.

Allows certified industrial zones (at least 100 acres in blighted areas with poverty rates of 20% or more) to be automatically designated as enhanced enterprise zones upon governing authority notice to the department.

Establishes two tax credit programs: standard enhanced business enterprises receive up to $400 per employee plus investment credits, while certified industrial zones receive 10% of gross wages plus 5% of investment, with higher credit limits.

Requires minimum investment thresholds ($100,000 for standard zones, $1 million or $10 million aggregate for industrial zones) and minimum two new employees to qualify for tax credits over up to ten tax years.

Maintains property tax exemptions for real property improvements in enhanced enterprise zones for at least ten years, with exemptions capped at twenty-five years from original zone designation.