MO SB917

Increases the maximum fee the department of economic development may charge tax credit recipients from 2.5 percent to 5 percent of the tax credits issued amount.

Exempts tax credits issued under sections 135.460, 208.770, and 32.100 to 32.125 from fees when issued for community services, crime prevention, education, job training, or physical revitalization.

Creates the "Economic Development Advancement Fund" in the state treasury to receive all fees collected, with funds managed by the state treasurer and invested like other state funds.

Requires at least 50 percent of fund deposits to be appropriated for marketing, technical assistance, training, specialized economic development services, and new economic initiatives.

Allows remaining fund balance to be appropriated for staffing, operating expenses, and accountability functions of the department of economic development, with fund balances not reverting to general revenue at the end of each biennium.