HB 354 - Under this act, all sales and purchases of tangible property, utilities, or services for use in public-private transportation projects are exempt from sales and use taxes (Section 144.054). This act expands the types of projects that may be included in public-private partnership projects. Under current law, the public-private partnership transportation act is limited to a bridge project over the Mississippi River. This act allows public-private partnerships to be used for any project that includes any pipeline, ferry, river port, airport, railroad, light rail or other mass transit facility, and any similar or related improvement or infrastructure to be financed, developed, or operated under an agreement between the commission and a private partner (Section 227.600).
Under this act, any revenues received from a public-private project are exempt from state income tax (Section 227.646).
This act authorizes the Governor to convey a parcel of real property, which is being currently used by the Department of Corrections as a minimum security correctional facility, to the Missouri Highways and Transportation Commission for the new Mississippi River Bridge project (Section 1). This provision is contained in SB 179 (2009).
STEPHEN WITTE