MO HB861

Amends the definition of "economic activity taxes" in Missouri's Tax Increment Financing (TIF) law to clarify treatment of retail establishments that relocate within the same standard metropolitan statistical area (SMSA) as defined by the United States Census.

For retail establishments relocating within one year to a facility in the same SMSA, if the municipality finds the relocation directly benefits from tax increment financing, the economic activity taxes generated shall equal the total additional revenues over what the establishment generated in the calendar year prior to its relocation.

Changes the geographic reference from "county" to "standard metropolitan statistical area as defined by the United States Census" for purposes of determining whether a retail relocation qualifies for this economic activity tax calculation method.

Applies only to redevelopment projects or plans approved after December 23, 1997.

Maintains all other definitions and provisions related to blighted areas, conservation areas, redevelopment plans, and tax increment financing under sections 99.800 to 99.865.