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MO HB900
Bill
Status
2/11/2015
Primary Sponsor
Courtney Curtis
Click for details
AI Summary
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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
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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
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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
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"Extraordinary change" is defined as an increase of more than 50% in state funding or other benefits to any economic development program or incentive
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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