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MO HB1871
Bill
Status
3/1/2012
Primary Sponsor
John Rizzo
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AI Summary
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Adds new section 135.1600 to Missouri law prohibiting tax credits for jobs that relocate from contiguous states within 30 miles of Missouri's border under specified tax credit programs.
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Applies restriction to tax credits under sections 100.700 to 100.850, 135.100 to 135.258, 135.950 to 135.973, 620.1023, and 620.1875 to 620.1910.
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Blocks tax credits only when the contiguous state either prohibits all tax credits for job creation or fails to award job relocation incentives for jobs moving from Missouri to that state within 30 miles of the border.
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Establishes reciprocal tax credit eligibility based on whether neighboring states offer comparable incentives for jobs relocating out of Missouri.
Legislative Description
Prohibits the issuance of a tax credit under certain programs for an otherwise qualifying job under certain circumstances when the jobs are relocated from a contiguous state
Last Action
Referred: International Trade and Job Creation (H)
4/18/2012