SB 1131 - Wilson, Yvonne
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
Bill Details
Sponsor
LR Number
5023L.07T
Title
HCS SCS SB 1131
House Handler
Journal Page
N/A
Effective Date
August 28, 2008
Current Status
Signed by Governor
Quick Links
Amendments
No amendments available
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