HB 431 Allows certain buildings in Springfield eligible to receive the sales and income tax increment of MODRESA

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Current Bill Summary

- Prepared by Senate Research -

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

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