SB 1131 Excludes tax revenues, derived from certain transportation sales taxes imposed by the City of Kansas City, from tax increment finance economic activity taxes used to pay redevelopment costs
Sponsor: Wilson
LR Number: 5023L.07T Fiscal Note: 5023-07
Committee: Economic Development, Tourism & Local Government
Last Action: 7/10/2008 - Signed by Governor Journal Page:
Title: HCS SCS SB 1131 Calendar Position:
Effective Date: August 28, 2008
House Handler: Curls

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Current Bill Summary


HCS/SCS/SB 1131 - This act excludes tax revenues, derived from certain transportation sales taxes imposed by the City of Kansas City, from the allocation of economic activity taxes for payment of redevelopment costs under Missouri's Downtown and Rural Economic Stimulus Act and Real Property Tax Increment Allocation Redevelopment Act. The definition of the term "transportation purposes" contained within the provision of law authorizing the transportation sales tax provision has been expanded to include the development and operation of bus, para-transit, and fixed-rail and light-rail transit.

JASON ZAMKUS