99.919. Out-of-state business, projects that relocate, calculation of new net revenues. - Missouri Statutes

Out-of-state business, projects that relocate, calculation ofnew net revenues.

99.919. Notwithstanding anything contained in sections 99.915 to 99.980to the contrary, for development projects that result in the relocation of anout-of-state business or out-of-state businesses to the development projectarea, the portion of economic activity taxes, the state income tax increment,the state sales tax increment and other net new revenues generated by suchout-of-state business or businesses shall be calculated based upon the fullamount of tax revenue generated by such out-of-state business or out-of-statebusinesses without reduction due to revenues generated in the baseline year.

(L. 2003 H.B. 289)

Effective 7-07-03