SS/HS/HCS/HBs 1566 & 1810 - This act makes numerous changes to economic development law.

SECTIONS 32.105-32.110 - Creates a tax credit for not-for-profit new generation cooperatives by utilizing $2.5 million dollars annually from tax credits allocated in Chapter 32, RSMo. This section also allows eligible farmers' markets to be eligible under the neighborhood assistance program.

SECTIONS 67.1401-67.1545 - Revises the community improvement district program and allows a CID to impose a sales tax of up to 1% in addition to other sales taxes already in place for the purpose of establishing a CID (subject to voter approval).

SECTION 71.794 - Allows special business districts to send notice of hearings by first class rather than registered or certified mail.

SECTION 135.200 - Repeals inconsistent versions of Section 135.200, RSMo, of the Enterprise Zone Program and allows hotel and motel activities in certain communities to be eligible activities under this program.

SECTION 135.355 - Limits to 10 years the recapture of housing tax credits for projects which also receive federal housing tax credits.

SECTIONS 135.400 - 135.430 - Allocates $5 million annually to the Capital Tax Credit Program, of which $2.5 million per year must go to businesses in distressed communities and $1 million per year must go to companies which engage in pharmaceutical research and development. The ownership requirements for a participating business are lowered from 51% principal ownership of a business to 35%. The length an investment must remain in the company for the investor to take advantage of the credit is lowered from 5 years to 3 years. To be eligible, a company must now have and retain for five years at least 80% of its employees in Missouri.

The act also modifies the Community Bank Tax Credit by removing geographic targeting, making the program available to more areas of the state. The tax credits available under this program are reduced from $4.8 million to $500,000.

SECTIONS 135.481 - 135.484 - Amends the Neighborhood Preservation Program and Rebuilding Communities Program. Multiple-unit condominiums are made eligible for the Historic Structures program and a retroactive tax credit is authorized for certain demolition projects.

SECTION 135.535 - Revises the Distressed Communities Tax Credit Program by reducing from 75% to 60% the number of employees a qualifying company must have in a distressed community; increasing the number of employees allowed for a company from 100 to 150; allowing the existing equipment credit to be awarded for a lease of equipment of at least two years in length; increasing the maximum per company credit from $75,000 to $150,000; and allowing unused credits to be used by the Seed Capital Program (Section 348.300).

SECTION 135.766 - Repeals the Small Business Administration Guarantee Fee Tax Credit, a program that operates as a reimbursement to businesses for fees paid to Federal government to obtain guaranteed financing.

SECTION 178.892 - Expands the Community College New Jobs Training Program to include health and professional services firms to participate.

SECTIONS 205.571 205.577 - Creates the Family Investment Trust.

SECTION 260.285 - Adds a definition of "cotton linters" for purposes of the recycling tax credit program, and expands eligibility therefor; also requires that companies applying for this credit include documentation that the activity being pursued by the company is considered recycling by the Department of Natural Resources. This provision is similar to HCS/SCS/SB 801.

SECTIONS 348.300 348.302 - Allocates $3 million of tax credits annually to the Seed Capital Tax Credit Program, for use in distressed communities, and increases the credit from 50% credit to a 75% credit.

SECTION 348.430 - Allows contributors under the Agricultural Contributor Credit to utilize tax credits against their estimated quarterly tax.

SECTION 348.432 - Allows contributors under the New Generation Cooperative Program to utilize tax credit against their estimated quarterly tax. Tax credits under this section are transferable.

SECTION 447.708 - Allows the Department of Economic Development to use the tax credits offered through the Brownfield Program for demolition that is not part of voluntary remediation, as long as the demolition is part of a redevelopment plan approved by the local government entity and the Department.

SECTION 620.017 - Creates new reporting requirements for the Department of Economic Development, when the department provides financial assistance, including an annual report to the General Assembly on the use of incentives.

SECTION 620.470 - Modifies the Missouri Job Development Fund to allow businesses to form consortiums to provide training.

SECTION 620.1039 - Makes the Research and Development Tax Credit transferable, and decreases the available credits from $10 million to $9.7 million per year. Sets aside up to 25% of the credits in this program for companies in distressed communities and provides a higher percentage rate of tax credit for those companies, unless the company has more than 500 employees. Allows companies that have earned credits in the past four years but have not been able to redeem the credits to transfer them, but requires that the proceeds from that transfer be expended to conduct research at the state's university.

SECTIONS 620.1400 620.1450 - Combines the Mature Worker Program with the Individual Training Account Program to establish the Skills Development Tax Credit program, with $2 million in tax credits annually. Training consortiums are eligible for these credits.

SECTION 620.1575 - Establishes a revitalization fund for Tobacco- Dependent Communities, subject to appropriation, to be administered by the Rural Economic Development Council. This provision is similar to SB 561.
DAVID TALLMAN

SA 1 - TECHNICAL CORRECTIONS.

SA 3 - CREATES THE ST. LOUIS COMMUNITY COMEBACK TRUST.

SA 4 - REQUIRES ECONOMIC DEVELOPMENT PLAN TO BE SUBMITTED WHENEVER APPLICATION IS MADE FOR A LICENSE TO OPERATE A GAMING FACILITY.

SA 5 - ALLOWS TAX CREDIT FOR LOCAL EXCHANGE TELECOMMUNICATIONS SERVICES.

SA 6 - ADDS LICENSED LONG-TERM CARE FACILITIES TO LIST ENTITIES ELIGIBLE FOR THE SKILLS DEVELOPMENT TAX CREDIT.

SA 8 - ALLOWS HOUSING COMMISSIONS TO ADD A SIXTH COMMISSIONER.

SA 10 - ALLOWS ST. LOUIS COUNTY TO ENACT ZONING ORDINANCES AND CONDITIONAL USE PERMITS WITHOUT VOTER APPROVAL AND WITHOUT BEING SUBJECT TO VETO.

SA 11 - CLARIFIES AND ADDS DEFINITIONS FOR THE FAMILY DEVELOPMENT ACCOUNT PROGRAM.

SA 12 - ADDS MISSOURI BUSINESS AND INDUSTRIAL DEVELOPMENT COMPANIES ACT.

SA 14 - CREATES OFFICE OF THE SMALL BUSINESS ADVOCATE.

SA 15 - PROVIDES THAT CERTAIN UNUSED TAX CREDITS MAY BE ROLLED OVER TO OTHER ELIGIBLE ENTITIES IF NOT USED BY SEPTEMBER 1 OF ANY YEAR.

SA 18 - CREATES A PILOT PROGRAM TO CREATE JOBS AND REHABILITATE HOUSING IN ST. LOUIS.

SA 19 - PROVIDES PROCESS TO REMOVE PROPERTY FROM COMMUNITY IMPROVEMENT DISTRICTS.

SA 20 - LIMITS USE OF NON-COMPETITION CLAUSES IN CERTAIN HEALTH CARE SETTINGS.

SA 21 - ALLOWS CITIES OF OVER 650,000 IN JACKSON, ST. CHARLES, AND ST. LOUIS COUNTIES TO ANNEX UNINCORPORATED AREAS BY PETITION.

SA 22 - ELIMINATES ANY PERSONAL LIABILITY FOR PERSONS "ACTING IN THE COURSE OF GENERAL DUTIES", EXCEPT FOR INTENTIONAL CRIMINAL ACTS.

SA 23 - REQUIRES REGISTRATION OF LANDLORDS IN KANSAS CITY AND ST. LOUIS.

SA 24 - ALLOWS CARRYFORWARD OF DEDUCTION FOR INSURANCE COMPANIES FOR CERTAIN FEES.

SA 27 - AUTHORIZES SALES TAX FOR COMMUNITY COMEBACK PROGRAM.

SA 28 - PROVIDES THAT PERSONS OR ENTITIES WHICH CONTRACT WITH THE STATE WHO VIOLATE LAW OR REGULATION, SHALL BE PROHIBITED FROM CONTRACTING WITH THE STATE OR ITS SUBDIVISIONS FOR THREE YEARS.

SA 29 - AUTHORIZES USE OF LAW ENFORCEMENT SALES TAX FOR CAPITAL IMPROVEMENT PROJECTS FOR LAW ENFORCEMENT FACILITIES.

SA 30 - ADDS CERTAIN TAXES ON INSURANCE CARRIERS TO THE LIST TO TAXES AGAINST WHICH TAX CREDITS MAY BE APPLIED.

SA 31 - PROVIDES FOR SUCCESSOR ENTITIES TO NONPROFIT WATER AND SEWER CORPORATIONS.

SA 32 - PROVIDES FOR AMENDMENT OF BOUNDARIES OF CERTAIN WATER AND SEWER DISTRICTS.

SA 33 - PROVIDES THAT TAXING ENTITIES IN ST. CHARLES COUNTY WHICH WOULD FALL WITHIN A TIF AREA WOULD BE REQUIRED APPROVAL IMPLEMENTATION OF SUCH TIF.

SA 34 - CREATES EARNED INCOME TAX CREDIT.

SA 36 - ALLOWS DIVERSION OF SALES TAX REVENUE GENERATED AT CERTAIN PROJECTS IN SPRINGFIELD TO BE DIVERTED TO THE SUPPORT OF THAT PROJECT.

SA 39 - DEFINES A PORTION OF KANSAS CITY AS A DISTRESSED COMMUNITY.

SA 40 - DELETES FAMILY AND COMMUNITY TRUST PROGRAM AND CREATES CARING COMMUNITIES - CHILDREN'S SERVICES COMMISSION OVERSIGHT BOARD.

SA 41 - ALLOWS DIVERSION OF SALES TAX REVENUE GENERATED AT CERTAIN SPORTS FACILITIES IN KANSAS CITY TO BE DIVERTED TO THE SUPPORT OF SUCH FACILITIES.

SA 42 - ALLOWS REGIONAL RESEARCH CONSORTIA LOCATED IN A DISTRESSED COMMUNITY TO APPLY FOR STATE RESEARCH GRANTS.

SA 43 - ALLOWS TIF FINANCING OF ANY QUALIFYING AREA WHICH CONTAINS A COUNTY CONVENTION AND SPORTS FACILITY.

SA 45 - AMENDS TAX EXEMPTIONS AVAILABLE TO CERTAIN AIRLINES.

SA 46 - TERMINATES FAMILY INVESTMENT TRUST PROGRAM IN 2004.

SA 47 - GRANTS INCOME TAX CREDIT FOR THE PURCHASE PRICE OF LAND PURCHASED.