HB 431 -- ECONOMIC STIMULUS (Wright, 137)

COMMITTEE OF ORIGIN:  Job Creation and Economic Development

This bill allows certain buildings in the City of Springfield to
be eligible to receive the sales and income tax increments of the
Missouri Downtown and Rural Economic Stimulus Act (MODESA) if
they are located within the 100-year flood plain.  Buildings
located within the city's 100-year flood plain must be certified
as flood proofed in accordance with the Federal Emergency
Management Agency's standards or they will not be eligible to
receive the MODESA tax benefits.

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 1:19 pm