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MO HB908
Bill
Status
3/29/2011
Primary Sponsor
T.J. Berry
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AI Summary
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Prohibits tax credits for jobs relocating from Kansas to Missouri (within 30 miles of the border) if Kansas does not offer similar tax credits or economic incentives for jobs relocating from Missouri to Kansas.
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Applies to jobs qualifying for tax credits under sections 100.700 to 100.850, 135.100 to 135.258, 135.950 to 135.973, 620.1023, or 620.1875 to 620.1910.
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Requires Missouri to spend $1.50 for every $1.00 Kansas spends on economic development in the Kansas City metropolitan area (Jackson, Platte, Clay, and Cass counties in Missouri; Johnson, Leavenworth, and Wyandotte counties in Kansas) if Kansas fails to enact substantially similar legislation by August 28, 2013.
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Defines "expenditure" to include appropriations, grants, loans, tax credits, tax abatements, and any other tax preferences administered by the department of economic development.
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Directs the department of economic development to promulgate rules to implement the provisions and notify the revisor of statutes regarding Kansas's legislative actions by August 28, 2013.
Legislative Description
Prohibits the use of economic incentives to attract jobs from Kansas to Missouri if Kansas does likewise or requires Missouri to exceed Kansas's economic development funding in the metropolitan area
Last Action
Referred: Rules - Pursuant to Rule 25(32)(f) (H)
4/14/2011