MO HB2034

Repeals and replaces section 135.950, RSMo, which contains definitions for enhanced enterprise zone tax credit provisions

Expands the definition of "blighted area" to include areas identified as distressed by the U.S. government through Community Development Block Grant (CDBG), New Markets Tax Credits, or SBA HUBZone designation

Maintains existing definition of blighted area based on physical conditions including defective street layout, unsafe conditions, deterioration, and obsolete platting

Adds renewable energy resource areas to the blighted area definition if they are underutilized or deteriorated

Applies to enhanced enterprise zone eligibility and tax credit benefits under Missouri's economic development program