HCS SCS SB 617 -- ENTERPRISE ZONES

SPONSOR:  Steelman (Rizzo)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Commerce and Economic Development by a vote of 22 to 0.

This substitute allows any employee of a new SIC 3751 business
facility (e.g., Harley-Davidson) located in an enterprise zone
to be considered a resident of the enterprise zone, even if he
or she eventually moves out of the enterprise zone, as long as
the following conditions are met:

(1)  The employee was a resident of the enterprise zone at the
time of becoming employed by the new SIC 3751 business;

(2)  The employee continued to live in the enterprise zone for
at least 90 days after becoming employed by the business;

(3)  The employee continues to work for the business; and

(4)  The employee continues to reside in the state of Missouri.

The substitute also:

(1)  Expands the definition of a "revenue-producing enterprise"
to include hotel and motel activities in the city of Salem; and

(2)  States that hotel and motel activities in the city of Salem
will not be eligible for state enterprise zone tax credits but
will be eligible for the real property improvements exemption,
regardless of the number of new jobs created or maintained.

FISCAL NOTE:  Cost to General Revenue Fund of $0 to $200,000 in
FY 2002, FY 2003, and FY 2004.

PROPONENTS:  Supporters say that the bill is needed for economic
development activities in the city of Salem as well as the
county of Dent.

Testifying for the bill were Senator Steelman; and Crossroad
Development.

OPPONENTS:  There was no opposition voiced to the committee.

Alice Hurley, Legislative Analyst

Missouri House of Representatives
Last Updated November 26, 2001 at 11:48 am