HB431 - Allows certain buildings in Springfield eligible to receive the sales and income tax increment of MODRESA

HB 431

Allows certain buildings in Springfield eligible to receive the sales and income tax increment of MODRESA

Sponsor:	Champion
LR Number:	1168L.01T	Fiscal Note:	1168-01
Committee:	Economic Development, Tourism & Local Government
Last Action:	7/14/2005 - Signed by Governor	Journal Page:
Title:		Calendar Position:
Effective Date:	August 28, 2005
House Handler:	Wright

List of 2005 Senate Bills

Current Bill Summary

HB 431 - This act allows certain buildings in the City of Springfield to be eligible to receive the sales and income tax increments of the Missouri Downtown and Rural Economic Stimulus Act (MODRESA) if they are located within the 100-year flood plain. Buildings located within the city's 100-year flood plain must be certified as flood proofed in accordance with the Federal Emergency Management Agency's standards or they will not be eligible to receive the MODRESA tax benefits.

ANDY LYSKOWSKI