HCS HB 135 -- BUSINESS USE INCENTIVES FOR LARGE-SCALE DEVELOPMENT
PROGRAM (Richard)

COMMITTEE OF ORIGIN:  Job Creation and Economic Development

This substitute authorizes certain development agencies or a
corporation, limited liability company, or partnership that is
formed on behalf of the development agency to act as an eligible
industry as it relates to the Business Use Incentives for
Large-Scale Development (BUILD) Program.

The substitute requires that $950,000 of the $15 million in tax
credits authorized annually for BUILD be reserved for an approved
project in the City of Kansas City.

If no essential industry projects have been approved by the
Department of Economic Development by December 31, 2005, current
law requires that portions of the BUILD Program expire on
January 1, 2006.  The substitute removes that expiration date.

FISCAL NOTE:  No impact on state funds in FY 2006, FY 2007, and
FY 2008.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm