MO SB461

Port authorities in Missouri may establish Advanced Industrial Manufacturing (AIM) zones within their jurisdiction for development or redevelopment purposes, with boundaries determined by the port authority board of commissioners.

50% of state income tax withholdings on new jobs created within AIM zones shall be diverted from the general fund to a newly created "Port Authority AIM Zone Fund" in the state treasury.

Funds may be used for managerial, engineering, legal, research, promotion, planning expenses, bond satisfaction, and continued zone expansion, with up to 10% retained by the General Assembly for administrative costs.

New jobs must pay at or above the state average wage, and employees must have 100% of their employment income taxable as Missouri income to qualify.

No new AIM zones may be established after August 28, 2035, and no new debts may be incurred using AIM zone revenue after that date; existing zones continue until all related debts are retired.