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MO HB1097
Bill
Status
3/3/2015
Primary Sponsor
Anne Zerr
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AI Summary
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Amends Missouri's tax increment financing (TIF) law to create an exception to the existing $32 million annual cap on state supplemental TIF disbursements
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The exception applies specifically to redevelopment areas in St. Louis City (a city not within a county) that are contiguous with former public housing sites and may lead to retention and expansion of over 2,000 geospatial-intelligence jobs
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Establishes a separate $4 million annual cap on state TIF revenues for qualifying geospatial-intelligence facility projects
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Expands required TIF application documentation to include detailed employment data, wage information, market studies, and certifications from the chief officer regarding accuracy
Legislative Description
Creates a separate $4 million cap for state supplemental TIF projects in St. Louis City associated with geospatial-intelligence facilities
Last Action
Referred: Economic Development and Business Attraction and Retention(H)
3/4/2015