Summary of the Introduced Bill

HB 889 -- Tax Credits for New or Expanded Business Facilities

Sponsor:  Rizzo

This bill allows any employee of a new business facility with
the Standard Industrial Classification (SIC) number 3751
(relating to motorcycles, bicycles, and parts) to be considered
a resident of an enterprise zone, even if the employee ceases to
live in an enterprise zone, as long as the following conditions
are met:

(1)  The individual was a resident of an enterprise zone for one
calendar month prior to his employment with the new SIC 3751
business facility;

(2)  The individual remains employed with the new SIC 3751
business facility; and

(3)  The individual continues to reside in Missouri.


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Last Updated September 13, 2001 at 2:04 pm