SB 879 - Brown, Dan
Modifies provisions relating to the Missouri Works Program and the United States Department of Defense
Bill Details
Sponsor
LR Number
5741S.01P
Title
SB 879
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2016
Current Status
HCS Voted Do Pass H Select Committee on Commerce (Pursuant to H Rule 27.4)
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 879 - Under this act, if the federal government is inviting states to compete for additional employment or employment expansion at military installations and the United States Department of Defense offers health insurance to all full-time employees in the state and certifies that it pays over 50% of their premiums, the Department of Defense may be a qualified company for purposes of the Missouri Works Program.
In order to apply for benefits under the Missouri Works Program, the United States Department of Defense must co-apply for benefits with an industrial development corporation or the Missouri development finance board. The co-applicant shall have a significant role in planning and operating the facility.
If the United States Department of Defense is a co-applicant for benefits, it shall remit withholding taxes for new jobs under Missouri law. The Department of Economic Development shall then pay the industrial development corporation or the Missouri development finance board the amount it would have otherwise retained or received including any tax credits. If the industrial development corporation or the Missouri development finance board receives an incentive payment or proceeds from a tax credit, it shall be placed in a separate fund and solely used for expenses associated with the project facility.
This act also modifies the definition of "project facility base payroll" to include only taxable wages instead of all wages.
This act is identical to HB 2087 (2016).
DOMENIC SITA