HB 387 -- Land Development

Co-Sponsors:  Gambaro, Johnson (61), Kennedy, Boykins, Fraser

This bill allows the demolition and reconstruction of buildings
or structures which are not the object of remediation to count
as allowable costs under the brownfield remediation tax credit
program if:

(1)  The buildings or structures are located on an abandoned or
underutilized property which is approved for financial
assistance through the program; and

(2)  The demolition is part of a redevelopment plan approved by
the Director of the Department of Economic Development and by
the local government with jurisdiction in the area in which the
project is located.

The bill also allows properties immediately adjacent to any
abandoned or underutilized property to qualify as an "eligible
project" under the brownfield remediation program if the
abandoned or underutilized property meets program requirements.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:43 am