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MO HB924
Bill
Status
Introduced
3/27/2013
Primary Sponsor
Delus Johnson
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AI Summary
- Establishes the "Missouri Business Recruiters Act" creating employment positions for business recruiters tasked with attracting out-of-state businesses to Missouri
- Business recruiters receive one-time compensation equal to two percent of withholding tax collected from relocated jobs that meet specified criteria: pay at least the county average wage, maintain employment for at least one year, and constitute full-time positions (minimum 2,000 hours annually and 160 hours monthly for at least 10 months)
- Creates the "Missouri Business Recruiters Fund" in the state treasury, funded by the Department of Revenue withholding two percent of withholding tax from each new job created under the program
- Department of Economic Development administers the program and establishes application guidelines for private contracted business recruiters; Office of Administration advertises recruiter positions
- Program automatically sunsets four years after enactment unless reauthorized by the General Assembly, and if reauthorized, sunsets 12 years after reauthorization
Legislative Description
Establishes the Missouri Business Recruiters Act to create employment positions for business recruiters to attract out-of-state business owners and companies to Missouri
Last Action
Public Hearing Completed (H)
4/24/2013
Committee Referrals
International Trade4/23/2013
Full Bill Text
No bill text available