HB 1635 -- Job Growth

Sponsor:  Flook

This bill authorizes the establishment of Missouri Jobs for the
Future (MO-JFF) districts.  In its main provisions, the bill:

(1)  Allows the governing body of a municipality to establish a
MO-JFF district in which MO-JFF projects may be implemented
according to a MO-JFF plan.  The district, plan, and project must
be established and adopted by ordinance.  The bill specifies the
requirements of a MO-JFF plan and the findings a municipality
must make before adopting a plan;

(2)  Defines "MO-JFF revenues" as 50% of the incremental increase
in the general revenue portion of eligible state sales tax
revenues received under Section 144.020, RSMo, and the state
income tax withheld on behalf of new employees by the businesses
located within the MO-JFF project.  The bill specifies what
portion of sales tax revenue will be deemed MO-JFF revenue for
businesses that existed before the formation of the district and
for businesses which relocate to the district;

(3)  Requires a MO-JFF project to be completed within 25 years
after a municipality's adoption of the project by ordinance;

(4)  Specifies that a MO-JFF project cannot obtain land by
eminent domain; and

(5)  Requires the Department of Economic Development to conduct a
comprehensive review of the plan 10 years after implementation.
The review will cover the implementation and performance,
including the number of jobs created, increased payrolls, capital
investment, and overall economic growth generated.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:11 pm