SCS/SB 635 - This act prohibits issuance of incentives under the BUILD program, the new or expanded business facilities program, the Urban Enterprise Loan program, or the Missouri Works program for businesses that relocate from certain counties in Kansas to certain counties in Missouri. The act is contingent upon the Director of the Department of Economic Development certifying that Kansas has passed similar legislation or issued an executive order with a similar prohibition on incentives for businesses to relocate from such Missouri counties to such Kansas counties. Written affirmation of the Director's certification must be made by the Governor, Speaker of the House of Representatives, and the President Pro Tempore of the Senate before the act will take effect.
If the Director certifies that Kansas has resumed offering incentives for businesses to relocate from Missouri to Kansas, the prohibited incentive can resume being offered for business to relocate from Kansas to Missouri. The incentives shall become prohibited again if Kansas ceases offering incentives for business to relocate from Missouri.
The prohibition on incentives for business relocation shall not apply to Missouri businesses that have been awarded incentives or had incentives reserved on their behalf before the prohibition takes effect.
The act only applies to business relocating from Douglas, Johnson, Miami, or Wyandotte counties in Kansas to Cass, Clay, Jackson, or Platte counties in Missouri.
This act will expire on August 28, 2016, if the provisions of the act prohibiting incentives are not in effect at such time. If the act does not expire on August 28, 2016, the act will expire on August 28, 2020.
This act is similar to HB 1515 (2014) and HB 1646 (2014).