HB 328 -- Enhanced Enterprise Zones

Sponsor:  Richard

Currently, the definition of an "employee" as it relates to
enhanced enterprise zones includes full-time, part-time, and
seasonal employees.  This bill changes the definition to a person
that is scheduled to work an average of at least 20 hours per
week for the first six months after the position is created and
35 hours per week thereafter.  Health insurance must be offered
to employees at all times and must be partially paid by the
employer.

The amount of tax credits that can be annually authorized for all
enhanced business enterprises is increased from $7 million to $25
million.  The Department of Economic Development is required to
verify through the Department of Revenue that the tax credit
applicant does not owe any delinquent taxes, interest, or
penalties and to verify through the Department of Insurance,
Financial Institutions, and Professional Registration that the
applicant does not owe any delinquent insurance taxes prior to
issuing any tax credits.  The amount of tax credits issued will be
reduced by any tax delinquency.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:18 am