Bill

Bill > SB630


MO SB630

MO SB630
Modifies provisions relating to incentives for interstate business relocation


summary

Introduced
01/27/2025
In Committee
03/13/2025
Crossed Over
Passed
Dead
05/16/2025

Introduced Session

2025 Regular Session

Bill Summary

Modifies provisions relating to incentives for interstate business relocation

AI Summary

This bill modifies economic incentive rules for businesses relocating between Missouri and Kansas border counties. Specifically, the bill prevents Missouri from issuing tax credits, providing funding, or authorizing withholding tax retention for jobs that move from Kansas border counties (Johnson, Miami, or Wyandotte County) to Missouri border counties. The bill creates a reciprocal mechanism where the director of the Missouri Department of Economic Development can trigger these restrictions if Kansas provides economic incentives for jobs moving from Missouri to Kansas. The director must provide written certification to key state leaders (governor, house speaker, and senate president pro tempore), and these leaders must provide unanimous written affirmation for the restrictions to take effect. The bill also removes a previous expiration date for these provisions, making the rules potentially permanent. Missouri border counties are defined as specific counties meeting certain population and classification criteria. The overall intent appears to be preventing interstate economic poaching by creating a deterrent to businesses relocating across state lines with taxpayer-funded incentives.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Second Read and Referred S Economic and Workforce Development Committee (on 03/13/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...