FIRST REGULAR SESSION

HOUSE BILL NO. 977

94TH GENERAL ASSEMBLY

INTRODUCED BY REPRESENTATIVES SILVEY (Sponsor), LEMBKE, TALBOY, PORTWOOD, NIEVES, MUSCHANY, DIXON, SCHOELLER, ERVIN AND SCHNEIDER (Co-sponsors).

                  Read 1st time February 26, 2007 and copies ordered printed.

D. ADAM CRUMBLISS, Chief Clerk

0297L.01I

AN ACT

To amend chapter 67, RSMo, by adding thereto one new section relating to sales taxes affecting certain taxing districts.

Be it enacted by the General Assembly of the state of Missouri, as follows:

            Section A. Chapter 67, RSMo, is amended by adding thereto one new section, to be known as section 67.112, to read as follows:

            67.112. The revenue derived from any increase in any tax within any tax increment financing district shall be used solely for the specified purposes of the tax increase. In no event shall any such revenue be used for or diverted to any redevelopment plan or project in any tax increment financing district.

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