MO HB514

Amends Missouri's Tax Increment Financing (TIF) law to expand eligibility for state supplemental TIF revenues to include blighted areas containing former automobile manufacturing plants (minimum 100 acres, ceased operations after 2007) and former insurance company national service centers (minimum 100 acres) in charter counties with over 950,000 inhabitants

Exempts redevelopment projects involving former automobile manufacturing plants or retention of federal employers with over 2,000 geospatial intelligence jobs from the existing $32 million annual cap on new state revenue disbursements from the Missouri Supplemental TIF Fund

Caps annual state TIF disbursements at $4 million for former automobile plant projects and $12 million for federal geospatial employer retention projects

Creates new Section 99.866 authorizing financing agreements for up to 30 years between the state, Department of Economic Development, and cities not within a county (St. Louis) to fund retention of federal employers with over 2,000 geospatial intelligence jobs on blighted former public housing sites

Requires detailed application information for TIF projects seeking state revenues, including employment data, wage information, cost-benefit analyses, market studies, and statements about potential job relocations or impacts on competing businesses