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Bill > HB1171
MO HB1171
Modifies provisions relating to incentives for interstate business relocation
summary
Introduced
02/04/2025
02/04/2025
In Committee
02/26/2025
02/26/2025
Crossed Over
Passed
Dead
05/16/2025
05/16/2025
Introduced Session
2025 Regular Session
Bill Summary
Modifies provisions relating to incentives for interstate business relocation
AI Summary
This bill modifies Missouri's economic incentive policies regarding business relocations between Missouri and Kansas border counties. The bill defines specific border counties in both states and establishes rules about tax credits and economic incentives for businesses that relocate across state lines. If a job that qualifies for tax credits or state funding moves from a Kansas border county to a Missouri border county, no tax credits, funding, or withholding tax retentions will be authorized. The bill also creates a mechanism where the director of the Missouri Department of Economic Development can certify and communicate with state leadership about Kansas' economic incentive practices. If Kansas is determined to be providing incentives for businesses relocating from Missouri to Kansas, the restrictions on Missouri's incentives can be suspended. The bill removes a previous expiration date for these provisions, suggesting the policy is intended to be more permanent. The goal appears to be preventing interstate economic competition that could unfairly disadvantage businesses in either state by creating reciprocal disincentives for cross-border relocations.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred: Economic Development(H) (on 02/26/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://house.mo.gov/Bill.aspx?bill=HB1171&year=2025&code=R |
Analysis - Summary: Introduced | https://documents.house.mo.gov/billtracking/bills251/sumpdf/HB1171I.pdf |
BillText | https://documents.house.mo.gov/billtracking/bills251/hlrbillspdf/2643H.01I.pdf |
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