| 1 | 1 | | SECONDREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.1685 |
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| 3 | 3 | | 101STGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEBLACK(137). |
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| 5 | 5 | | 3921H.01I DANARADEMANMILLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Toamendchapter620,RSMo,byaddingtheretoonenewsectionrelatingtoworkforce |
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| 8 | 8 | | development. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Chapter620,RSMo,isamendedbyaddingtheretoonenewsection,tobe |
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| 11 | 11 | | 2knownassection620.2250,toreadasfollows: |
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| 12 | 12 | | 620.2250.1.Thissectionshallbeknownandmaybecitedasthe"Targeted |
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| 13 | 13 | | 2IndustrialManufacturingEnhancementZonesAct". |
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| 14 | 14 | | 3 2.Asusedinthissection,thefollowingtermsmean: |
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| 15 | 15 | | 4 (1)"Countyaveragewage",theaveragewageineachcountyasdeterminedby |
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| 16 | 16 | | 5thedepartmentforthemostrecentlycompletedfullcalendaryear.However,ifthe |
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| 17 | 17 | | 6computedcountyaveragewageisabovethestatewideaveragewage,thestatewide |
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| 18 | 18 | | 7averagewageshallbedeemedthecountyaveragewageforsuchcountyforthepurpose |
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| 19 | 19 | | 8ofdeterminingeligibility; |
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| 20 | 20 | | 9 (2)"Department",theMissouridepartmentofeconomicdevelopment; |
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| 21 | 21 | | 10 (3)"Newjob",thenumberoffull-timeemployeeslocatedattheprojectfacility |
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| 22 | 22 | | 11thatexceedstheprojectfacilitybaseemploymentlessanydecreaseinthenumberof |
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| 23 | 23 | | 12full-timeemployeesatrelatedfacilitiesbelowtherelatedfacilitybaseemployment.No |
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| 24 | 24 | | 13jobthatwascreatedpriortothedateofthecompletionofanagreementunder |
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| 25 | 25 | | 14subsection6ofthissectionandnojobthatisrelocatedfromanotherlocationwithinthis |
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| 26 | 26 | | 15stateshallbedeemedanewjob.Anemployeewhospendslessthanfiftypercentofthe |
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| 27 | 27 | | 16employee'sworktimeatthefacilityisstillconsideredtobelocatedatafacilityifthe |
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| 28 | 28 | | 17employeereceivessuchemployee'sdirectionsandcontrolfromthatfacility,isonthe |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18facility'spayroll,onehundredpercentoftheemployee'sincomefromsuchemployment |
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| 31 | 31 | | 19isMissouriincome,andtheemployeeispaidatorabovethecountyaveragewage; |
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| 32 | 32 | | 20 (4)"Politicalsubdivision",atown,village,city,orcountylocatedinthisstate; |
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| 33 | 33 | | 21 (5)"Relatedfacility",afacilityoperatedbyacompanyorarelatedcompany |
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| 34 | 34 | | 22priortotheestablishmentoftheTIMEzoneinquestionandthatisdirectlyrelatedto |
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| 35 | 35 | | 23theoperationsofthefacilitywithinthenewTIMEzone; |
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| 36 | 36 | | 24 (6)"TIMEzone",anareaidentifiedthroughanordinanceorresolutionpassed |
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| 37 | 37 | | 25undersubsection4ofthissectionthatisbeingdevelopedorredevelopedforanypurpose |
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| 38 | 38 | | 26solongasanyinfrastructureorbuildingbuiltorimprovedisinthedevelopmentarea; |
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| 39 | 39 | | 27 (7)"Zoneboard",thegoverningbodyofaTIMEzone. |
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| 40 | 40 | | 28 3.Thegoverningbodiesofatleasttwocontiguousoroverlappingpolitical |
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| 41 | 41 | | 29subdivisionsinthisstatemayestablishoneormoreTIMEzones,whichshallbepolitical |
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| 42 | 42 | | 30subdivisionsofthestate,forthepurposesofcompletinginfrastructureprojectsto |
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| 43 | 43 | | 31promotetheeconomicdevelopmentoftheregion.Suchzonesshallincludeonlythearea |
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| 44 | 44 | | 32withinthegoverningbodies'jurisdiction,ownership,orcontrolandmayincludeany |
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| 45 | 45 | | 33sucharea.ThegoverningbodiesshalldeterminetheboundariesforeachTIMEzone, |
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| 46 | 46 | | 34andmorethanoneTIMEzonemayexistwithinthegoverningbodies'jurisdictionor |
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| 47 | 47 | | 35underthegoverningbodies'ownershiporcontrolandmaybeexpandedorcontracted |
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| 48 | 48 | | 36byresolutionofthezoneboard. |
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| 49 | 49 | | 37 4.(1)ToestablishaTIMEzone,thegoverningbodiesofatleasttwopolitical |
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| 50 | 50 | | 38subdivisionsshalleachproposeanordinanceorresolutioncreatingsuchzone.Such |
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| 51 | 51 | | 39ordinanceorresolutionshallsetforththenamesofthepoliticalsubdivisionsthatwill |
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| 52 | 52 | | 40formtheTIMEzone,thegeneralnatureoftheproposedimprovements,theestimated |
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| 53 | 53 | | 41costofsuchimprovements,theboundariesoftheproposedTIMEzone,andthe |
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| 54 | 54 | | 42estimatednumberofnewjobstobecreatedintheTIMEzone.Priortoapprovingsuch |
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| 55 | 55 | | 43ordinanceorresolution,eachgoverningbodyshallholdapublichearingtoconsiderthe |
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| 56 | 56 | | 44creationoftheTIMEzoneandtheproposedimprovementstherein.Thegoverning |
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| 57 | 57 | | 45bodiesshallhearandpassuponallobjectionstotheTIMEzoneandtheproposed |
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| 58 | 58 | | 46improvements,ifany,andmayamendtheproposedimprovementsandtheplansand |
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| 59 | 59 | | 47specificationstherefor. |
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| 60 | 60 | | 48 (2)Afterthepassageoradoptionoftheordinanceorresolutioncreatingthe |
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| 61 | 61 | | 49TIMEZone,governanceoftheTIMEzoneshallbebythezoneboard,whichshall |
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| 62 | 62 | | 50consistofsevenmembersselectedfromthepoliticalsubdivisionscreatingtheTIME |
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| 63 | 63 | | 51zone.Membersofazoneboardshallreceivenosalaryorothercompensationfortheir |
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| 64 | 64 | | 52servicesasmembersbutshallreceivetheirnecessarytravelingandotherexpenses |
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| 65 | 65 | | 53incurredwhileactuallyengagedinthedischargeofofficialduties.Thezoneboardmay |
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| 66 | 66 | | HB1685 2 54expandorcontractsuchTIMEzonethroughanordinanceorresolutionfollowinga |
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| 67 | 67 | | 55publichearingconductedtoconsidersuchexpansionorcontraction. |
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| 68 | 68 | | 56 5.TheboundariesoftheproposedTIMEzoneshallbedescribedbymetesand |
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| 69 | 69 | | 57bounds,streets,orothersufficientlyspecificdescription. |
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| 70 | 70 | | 58 6.(1)Priortoretaininganystatewithholdingtaxundersubsection9ofthis |
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| 71 | 71 | | 59section,azoneboardshallenterintoanagreementwiththedepartment.Such |
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| 72 | 72 | | 60agreementshallinclude,butshallnotbelimitedto: |
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| 73 | 73 | | 61 (a)Theestimatednumberofnewjobstobecreated; |
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| 74 | 74 | | 62 (b)Theestimatedaveragewageofnewjobstobecreated; |
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| 75 | 75 | | 63 (c)Theestimatednetfiscalimpactofthenewjobs; |
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| 76 | 76 | | 64 (d)Theestimatedcostsoftheproposedimprovements; |
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| 77 | 77 | | 65 (e)Theestimatedamountofwithholdingtaxtoberetainedundersubsection9of |
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| 78 | 78 | | 66thissectionovertheperiodoftheagreement;and |
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| 79 | 79 | | 67 (f)Acopyoftheordinanceestablishingtheboardandalistofitsmembers. |
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| 80 | 80 | | 68 (2)Thedepartmentshallnotapproveanagreementwithazoneboardunlessthe |
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| 81 | 81 | | 69zoneboardcommitstocreatingthefollowingnumberofnewjobs: |
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| 82 | 82 | | 70 (a)ForaTIMEzonewithfewerthanfivethousandinhabitantsasdeterminedby |
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| 83 | 83 | | 71themostrecentdecennialcensus,aminimumoffivenewjobswithanaveragewagethat |
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| 84 | 84 | | 72equalsorexceedsninetypercentofthecountyaveragewage; |
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| 85 | 85 | | 73 (b)ForaTIMEzonewithatleastfivethousandinhabitantsbutfewerthanfifty |
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| 86 | 86 | | 74thousandinhabitantsasdeterminedbythemostrecentdecennialcensus,aminimumof |
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| 87 | 87 | | 75tennewjobswithanaveragewagethatequalsorexceedsninetypercentofthecounty |
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| 88 | 88 | | 76averagewage; |
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| 89 | 89 | | 77 (c)ForaTIMEzonewithatleastfiftythousandinhabitantsbutfewerthanone |
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| 90 | 90 | | 78hundredfiftythousandinhabitantsasdeterminedbythemostrecentdecennialcensus,a |
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| 91 | 91 | | 79minimumoffifteennewjobswithanaveragewagethatequalsorexceedsninetypercent |
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| 92 | 92 | | 80ofthecountyaveragewage;and |
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| 93 | 93 | | 81 (d)ForaTIMEzonewithatleastonehundredfiftythousandinhabitantsas |
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| 94 | 94 | | 82determinedbythemostrecentdecennialcensus,aminimumoftwenty-fivenewjobs |
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| 95 | 95 | | 83withanaveragewagethatequalsorexceedsninetypercentofthecountyaveragewage. |
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| 96 | 96 | | 84 7.(1)Thetermoftheagreemententeredintoundersubsection6ofthissection |
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| 97 | 97 | | 85shallnotexceedtenyears.Azoneboardmayapplytothedepartmentforapprovalto |
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| 98 | 98 | | 86renewanyagreement.Suchapplicationshallbemadeonformsprovidedbythe |
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| 99 | 99 | | 87department.Indeterminingwhethertoapprovetherenewalofanagreement,the |
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| 100 | 100 | | 88departmentshallconsider: |
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| 101 | 101 | | 89 (a)Thenumberofnewjobscreatedandtheaveragewageandnetfiscalimpact |
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| 102 | 102 | | 90ofsuchjobs; |
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| 103 | 103 | | HB1685 3 91 (b)TheoutstandingimprovementstobemadewithintheTIMEzoneandthe |
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| 104 | 104 | | 92fundingnecessarytocompletesuchimprovements;and |
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| 105 | 105 | | 93 (c)Anyotherfactorthedepartmentrequires. |
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| 106 | 106 | | 94 (2)Thedepartmentmayapprovetherenewalofanagreementforaperiodnot |
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| 107 | 107 | | 95toexceedtenyears.Ifazoneboardhasnotmetthenewjobrequirementsunder |
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| 108 | 108 | | 96subdivision(2)ofsubsection6ofthissectionbytheendoftheagreement,the |
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| 109 | 109 | | 97departmentshallrecapturefromsuchzoneboardtheamountofwithholdingtax |
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| 110 | 110 | | 98retainedbythezoneboardunderthissectionandthedepartmentshallnotapprovethe |
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| 111 | 111 | | 99renewalofanagreementwithsuchzoneboard. |
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| 112 | 112 | | 100 (3)Azoneboardshallnotretainanywithholdingtaxunderthissectioninexcess |
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| 113 | 113 | | 101ofthecostsofimprovementscompletedbythezoneboard. |
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| 114 | 114 | | 102 8.Ifaqualifiedcompanyisretainingwithholdingtaxundersections620.2000to |
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| 115 | 115 | | 103620.2020fornewjobs,assuchtermsaredefinedinsection620.2005,thatalsoqualify |
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| 116 | 116 | | 104fortheretentionofwithholdingtaxunderthissection,thedepartmentshallnot |
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| 117 | 117 | | 105authorizeanagreementunderthissectionthatresultsinmorethanfiftypercentofthe |
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| 118 | 118 | | 106withholdingtaxforsuchnewjobsbeingretainedunderthissectionandsections |
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| 119 | 119 | | 107620.2000to620.2020. |
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| 120 | 120 | | 108 9.Uponthecompletionofanagreementundersubsection6ofthissection, |
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| 121 | 121 | | 109twenty-fivepercentofthestatetaxwithholdingsimposedundersections143.191to |
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| 122 | 122 | | 110143.265onnewjobswithinaTIMEzoneafterdevelopmentorredevelopmenthas |
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| 123 | 123 | | 111commencedshallnotberemittedtothegeneralrevenuefundofthestateofMissouri. |
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| 124 | 124 | | 112SuchmoneysshallbedepositedintotheTIMEzonefundestablishedundersubsection |
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| 125 | 125 | | 11310ofthissectionforthepurposeofcontinuingtoexpand,develop,andredevelopTIME |
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| 126 | 126 | | 114zonesidentifiedbythezoneboard,andmaybeusedformanagerial,engineering,legal, |
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| 127 | 127 | | 115research,promotion,planning,andanyotherexpenses. |
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| 128 | 128 | | 116 10.Thereisherebycreatedinthestatetreasurythe"TIMEZoneFund",which |
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| 129 | 129 | | 117shallconsistofmoneyscollectedunderthissection.Thestatetreasurershallbe |
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| 130 | 130 | | 118custodianofthefundandmayapprovedisbursementsfromthefundinaccordancewith |
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| 131 | 131 | | 119sections30.170and30.180tothezoneboardsoftheTIMEzonesfromwhichthefunds |
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| 132 | 132 | | 120werecollected,lesstheprorataportionappropriatedbythegeneralassemblytobeused |
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| 133 | 133 | | 121solelyfortheadministrationofthissection,whichshallnotexceedtenpercentofthe |
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| 134 | 134 | | 122totalamountcollectedwithintheTIMEzonesofazoneboard.Notwithstandingthe |
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| 135 | 135 | | 123provisionsofsection33.080tothecontrary,anymoneysremaininginthefundatthe |
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| 136 | 136 | | 124endofthebienniumshallnotreverttothecreditofthegeneralrevenuefund.Thestate |
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| 137 | 137 | | 125treasurershallinvestmoneysinthefundinthesamemannerasotherfundsare |
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| 138 | 138 | | 126invested.Anyinterestandmoneysearnedonsuchinvestmentsshallbecreditedtothe |
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| 139 | 139 | | 127fund. |
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| 140 | 140 | | HB1685 4 128 11.Thezoneboardshallapproveprojectsconsistentwiththeprovisionsofthis |
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| 141 | 141 | | 129sectionthatbeginconstructionanddisburseanymoneyscollectedunderthissection. |
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| 142 | 142 | | 130Thezoneboardshallsubmitanannualbudgetforthefundstothedepartment |
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| 143 | 143 | | 131explaininghowandwhensuchmoneyswillbespent. |
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| 144 | 144 | | 132 12.AzoneboardshallsubmitanannualreportonorbeforeDecemberthirty- |
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| 145 | 145 | | 133firstofeachyeartothedepartmentandthegeneralassembly.Suchreportshallinclude, |
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| 146 | 146 | | 134butshallnotbelimitedto: |
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| 147 | 147 | | 135 (1)ThelocationsoftheestablishedTIMEzonesgovernedbythezoneboard; |
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| 148 | 148 | | 136 (2)ThenumberofnewjobscreatedwithintheTIMEzonesgovernedbythe |
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| 149 | 149 | | 137zoneboard; |
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| 150 | 150 | | 138 (3)TheaveragewageofthenewjobscreatedwithintheTIMEzonesgoverned |
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| 151 | 151 | | 139bythezoneboard; |
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| 152 | 152 | | 140 (4)TheimprovementsutilizingTIMEzonefunding; |
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| 153 | 153 | | 141 (5)TheamountofTIMEzonefundingutilizedforeachimprovementandthe |
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| 154 | 154 | | 142totalamountofTIMEzonefundsexpended;and |
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| 155 | 155 | | 143 (6)Theamountofwithholdingtaxretainedundersubsection9ofthissection |
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| 156 | 156 | | 144fromnewjobscreatedwithintheTIMEzonesgovernedbythezoneboard. |
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| 157 | 157 | | 145 13.NopoliticalsubdivisionshallestablishaTIMEzonewithboundariesthat |
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| 158 | 158 | | 146overlaptheboundariesofanadvancedindustrialmanufacturingzoneestablishedunder |
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| 159 | 159 | | 147section68.075. |
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| 160 | 160 | | 148 14.ThetotalamountofwithholdingtaxesretainedbyallTIMEzonesunderthe |
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| 161 | 161 | | 149provisionsofthissectionshallnotexceedfivemilliondollarsperfiscalyear. |
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| 162 | 162 | | 150 15.Thedepartmentmaypromulgaterulestoimplementtheprovisionsofthis |
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| 163 | 163 | | 151section.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis |
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| 164 | 164 | | 152createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifit |
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| 165 | 165 | | 153complieswithandissubjecttoalloftheprovisionsofchapter536and,ifapplicable, |
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| 166 | 166 | | 154section536.028.Thissectionandchapter536arenonseverable,andifanyofthepowers |
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| 167 | 167 | | 155vestedwiththegeneralassemblypursuanttochapter536toreview,todelaythe |
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| 168 | 168 | | 156effectivedate,ortodisapproveandannularulearesubsequentlyheldunconstitutional, |
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| 169 | 169 | | 157thenthegrantofrulemakingauthorityandanyruleproposedoradoptedafterAugust |
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| 170 | 170 | | 15828,2022,shallbeinvalidandvoid. |
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| 171 | 171 | | 159 16.Notwithstandingtheprovisionsofsection23.253tothecontrary,noTIME |
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| 172 | 172 | | 160zoneshallbeestablishedafterAugust28,2025.AnyTIMEzonecreatedpriortosuch |
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| 173 | 173 | | 161dateshallcontinuetoexistandbecoterminouswiththeretirementofanydebts |
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| 174 | 174 | | 162incurredforimprovementsmadewithintheTIMEzone.Nodebtsshallbeincurredor |
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| 175 | 175 | | 163reauthorizedusingTIMEzonerevenueafterAugust28,2025. |
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| 176 | 176 | | âś” |
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| 177 | 177 | | HB1685 5 |
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