Bill Text: MO HB1823 | 2012 | Regular Session | Introduced

---

Bill Title: Prohibits specified companies from benefitting from a tax increment financing project

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-04-26 - Referred: Economic Development (H) [HB1823 Detail]

Download: Missouri-2012-HB1823-Introduced.html

---

SECOND REGULAR SESSION

HOUSE BILL NO. 1823

96TH GENERAL ASSEMBLY

---

 

 

INTRODUCED BY REPRESENTATIVES BROWN (85) (Sponsor), ENTLICHER, WIELAND, WHITE, KOENIG, BRATTIN, ATKINS, KELLEY (126), McNARY, LICHTENEGGER, BAHR, LEACH, KIRKTON AND REDMON (Co-sponsors).

5307L.01I                                                                                                                                                  D. ADAM CRUMBLISS, Chief Clerk

---

 

AN ACT

To amend chapter 99, RSMo, by adding thereto one new section relating to tax increment financing.

---

Be it enacted by the General Assembly of the state of Missouri, as follows:

            Section A. Chapter 99, RSMo, is amended by adding thereto one new section, to be known as section 99.856, to read as follows:

            99.856. 1. No company shall benefit from a tax increment financing project if such company relocates from within the state of Missouri.

            2. If a company opens a new business while closing an existing business within ten miles from the new business and within a two-year period and such company received a benefit through tax increment financing for the new business, such company shall forfeit such benefit.

•