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MO HB468
Bill
Status
3/5/2015
Primary Sponsor
T.J. Berry
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AI Summary
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Extends the sunset date for headquarters tax credit incentives under sections 135.100-135.150 from January 1, 2020 to January 1, 2025
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Headquarters facility expansions qualify as separate new business facilities if each expansion adds at least 25 new employees and at least $1 million in new investment
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Buildings on multiple noncontiguous properties can be treated as one headquarters facility if located within the same county or municipality
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Revenue-producing enterprises other than headquarters remain ineligible for these incentives for facilities commencing operations on or after January 1, 2005
Legislative Description
Extends the last year of availability of incentives for new or expanded business headquarters from 2020 to 2025
Last Action
Public Hearing Held (S) - AYES: 10 NOES: 0 PRESENT: 0
4/8/2015