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MO HB900

Bill

Status

Introduced

2/11/2015

Primary Sponsor

Courtney Curtis

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Economic development legislation involving "extraordinary changes" must include components encouraging small business creation and hiring incentives for underrepresented groups including minorities, women, veterans, persons with disabilities, and long-term unemployed persons

  • 35% of jobs created under qualifying economic development legislation must be located in blighted areas within enterprise zones, federal empowerment zones, or central business districts/urban core areas

  • Qualifying blighted areas must contain buildings at least 50 years old and either have experienced declining population or property taxes over the preceding 20 years, or be in a city with population exceeding 350,000

  • "Extraordinary change" is defined as an increase of more than 50% in state funding or other benefits to any economic development program or incentive

  • Requirements apply to both special sessions and regular sessions of the Missouri General Assembly

Legislative Description

Changes the laws regarding economic development incentives

Last Action

Referred: Economic Development and Business Attraction and Retention(H)

5/15/2015

Committee Referrals

Economic Development and Business Attraction and Retention5/15/2015

Full Bill Text

No bill text available