100.790. Agreement contents. - Missouri Statutes

Agreement contents.

100.790. An agreement between the board and an eligible industryshall include all of the following:

(1) A detailed description of the project that is the subject of theagreement;

(2) A specific method for determining the number of new employeesemployed during a taxable year who are performing jobs not previouslyperformed by an employee of the eligible industry;

(3) A requirement that the taxpayer shall annually report to theboard the number of new employees who are performing jobs not previouslyperformed by an employee, the total amount of salaries and wages paid toeligible employees in new jobs, and any other information the board needsto perform its duties pursuant to sections 100.700 to 100.850;

(4) A requirement that the taxpayer shall provide writtennotification to the director and the board not more than thirty days afterthe taxpayer makes or receives a proposal that would transfer thetaxpayer's state tax liability obligations to a successor taxpayer;

(5) Any other performance conditions that the board and the directordetermine are appropriate; and

(6) A requirement that the taxpayer shall maintain operations at theproject location for at least a period of time equal to the number of yearsfor which credits are authorized in the financing agreement with the board.

(L. 1996 H.B. 1237 § 16)