HB 1035 -- Quality Jobs Program

Sponsor:  Pratt

Currently, any company which has filed for bankruptcy or has
publicly announced its intention to file for bankruptcy
protection is prohibited from being deemed a qualifying company
for the purposes of the Quality Jobs Program.  This bill allows a
company which has filed or announced its intention to file for
bankruptcy on or after January 1, 2009, to be a qualifying
company for the program if it:

(1)  Certifies to the Department of Economic Development that it
plans to reorganize and not to liquidate; and

(2)  Produces proof after its bankruptcy petition has been filed
that it is not delinquent in filing any tax returns or making any
payments due to the state including, but not limited to, all tax
payments due after the filing of the bankruptcy petition and
under the terms of the plan of reorganization.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am