| 1 | 1 | | SECONDREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.2435 |
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| 3 | 3 | | 101STGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVESMITH(155). |
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| 5 | 5 | | 4924H.01I DANARADEMANMILLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Torepealsection620.2020,RSMo,andtoenactinlieuthereofonenewsectionrelatingtothe |
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| 8 | 8 | | Missouriworksprogram. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Section620.2020,RSMo,isrepealedandonenewsectionenactedinlieu |
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| 11 | 11 | | 2thereof,tobeknownassection620.2020,toreadasfollows: |
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| 12 | 12 | | 620.2020.1.Thedepartmentshallrespondtoawrittenrequest,byoronbehalfofa |
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| 13 | 13 | | 2qualifiedcompanyorqualifiedmilitaryproject,foraproposedbenefitawardunderthe |
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| 14 | 14 | | 3provisionsofthisprogramwithinfivebusinessdaysofreceiptofsuchrequest.The |
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| 15 | 15 | | 4departmentshallrespondtoawrittenrequest,byoronbehalfofaqualifiedmanufacturing |
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| 16 | 16 | | 5company,foraproposedbenefitawardundertheprovisionsofthisprogramwithinfifteen |
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| 17 | 17 | | 6businessdaysofreceiptofsuchrequest.Suchresponseshallcontaineitheraproposalof |
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| 18 | 18 | | 7benefitsforthequalifiedcompanyorqualifiedmilitaryproject,orawrittenresponserefusing |
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| 19 | 19 | | 8toprovidesuchaproposalandstatingthereasonsforsuchrefusal.Aqualifiedcompanyor |
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| 20 | 20 | | 9qualifiedmilitaryprojectthatintendstoseekbenefitsundertheprogramshallsubmittothe |
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| 21 | 21 | | 10departmentanoticeofintent.Thedepartmentshallrespondwithinthirtydaystoanoticeof |
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| 22 | 22 | | 11intentwithanapprovalorarejection,providedthatthedepartmentmaywithholdapprovalor |
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| 23 | 23 | | 12provideacontingentapprovaluntilitissatisfiedthatproperdocumentationofeligibilityhas |
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| 24 | 24 | | 13beenprovided.Thedepartmentshallcertifyorrejectthequalifyingcompany'splanoutlined |
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| 25 | 25 | | 14intheirnoticeofintentassatisfyinggoodfaitheffortsmadetoemploy,ataminimum, |
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| 26 | 26 | | 15commensuratewiththepercentageofminoritypopulationsinthestateofMissouri,as |
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| 27 | 27 | | 16reportedinthepreviousdecennialcensus,thefollowing:racialminorities,contractorswho |
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| 28 | 28 | | 17areracialminorities,andcontractorsthat,inturn,employataminimumracialminorities |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18commensuratewiththepercentageofminoritypopulationsinthestateofMissouri,as |
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| 31 | 31 | | 19reportedinthepreviousdecennialcensus.Failuretorespondonbehalfofthedepartment |
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| 32 | 32 | | 20shallresultinthenoticeofintentbeingdeemedapproved.Aqualifiedcompanyreceiving |
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| 33 | 33 | | 21approvalforprogrambenefitsmayreceiveadditionalbenefitsforsubsequentnewjobsatthe |
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| 34 | 34 | | 22samefacilityafterthefullinitialprojectperiodiftheapplicableminimumjobrequirements |
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| 35 | 35 | | 23aremet.Thereshallbenolimitonthenumberofprojectperiodsaqualifiedcompanymay |
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| 36 | 36 | | 24participateintheprogram,andaqualifiedcompanymayelecttofileanoticeofintentto |
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| 37 | 37 | | 25beginanewprojectperiodconcurrentwithanexistingprojectperiodiftheapplicable |
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| 38 | 38 | | 26minimumjobrequirementsareachieved,thequalifiedcompanyprovidesthedepartmentwith |
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| 39 | 39 | | 27therequiredannualreporting,andthequalifiedcompanyisincompliancewiththisprogram |
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| 40 | 40 | | 28andanyotherstateprogramsinwhichthequalifiedcompanyiscurrentlyorhaspreviously |
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| 41 | 41 | | 29participated.However,thequalifiedcompanyshallnotreceiveanyfurtherprogrambenefits |
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| 42 | 42 | | 30undertheoriginalapprovalforanynewjobscreatedafterthedateofthenewnoticeofintent, |
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| 43 | 43 | | 31andanyjobscreatedbeforethenewnoticeofintentshallnotbeincludedasnewjobsfor |
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| 44 | 44 | | 32purposesofthebenefitcalculationforthenewapproval.Whenaqualifiedcompanyhasfiled |
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| 45 | 45 | | 33andreceivedapprovalofanoticeofintentandsubsequentlyfilesanothernoticeofintent,the |
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| 46 | 46 | | 34departmentshallapplythedefinitionofprojectfacilityundersubdivision(24)ofsection |
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| 47 | 47 | | 35620.2005tothenewnoticeofintentaswellasallpreviouslyapprovednoticesofintentand |
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| 48 | 48 | | 36shalldeterminetheapplicationofthedefinitionsofnewjob,newpayroll,projectfacilitybase |
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| 49 | 49 | | 37employment,andprojectfacilitybasepayrollaccordingly. |
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| 50 | 50 | | 38 2.Notwithstandinganyprovisionoflawtothecontrary,thebenefitsavailabletothe |
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| 51 | 51 | | 39qualifiedcompanyunderanyotherstateprogramsforwhichthecompanyiseligibleand |
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| 52 | 52 | | 40whichutilizewithholdingtaxfromtheneworretainedjobsofthecompanyshallfirstbe |
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| 53 | 53 | | 41creditedtotheotherstateprogrambeforethewithholdingretentionlevelapplicableunderthis |
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| 54 | 54 | | 42programwillbegintoaccrue.Ifanyqualifiedcompanyalsoparticipatesinajobtraining |
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| 55 | 55 | | 43programutilizingwithholdingtax,thecompanyshallretainnowithholdingtaxunderthis |
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| 56 | 56 | | 44program,butthedepartmentshallissuearefundabletaxcreditforthefullamountofbenefit |
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| 57 | 57 | | 45allowedunderthisprogram.Thecalendaryearannualmaximumamountoftaxcreditswhich |
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| 58 | 58 | | 46maybeissuedtoaqualifyingcompanythatalsoparticipatesinajobtrainingprogramshallbe |
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| 59 | 59 | | 47increasedbyanamountequivalenttothewithholdingtaxretainedbythatcompanyundera |
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| 60 | 60 | | 48jobstrainingprogram. |
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| 61 | 61 | | 49 3.Aqualifiedcompanyorqualifiedmilitaryprojectreceivingbenefitsunderthis |
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| 62 | 62 | | 50programshallprovideanannualreportofthenumberofjobs,alongwithminorityjobs |
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| 63 | 63 | | 51createdorretained,andsuchotherinformationasmayberequiredbythedepartmentto |
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| 64 | 64 | | 52documentthebasisforprogrambenefitsavailablenolaterthanninetydayspriortotheendof |
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| 65 | 65 | | 53thequalifiedcompany'sorindustrialdevelopmentauthority'staxyearimmediatelyfollowing |
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| 66 | 66 | | 54thetaxyearforwhichthebenefitsprovidedundertheprogramareattributed.Insuchannual |
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| 67 | 67 | | HB2435 2 55report,iftheaveragewageisbelowtheapplicablepercentageofthecountyaveragewage,the |
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| 68 | 68 | | 56qualifiedcompanyorqualifiedmilitaryprojecthasnotmaintainedtheemployeeinsuranceas |
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| 69 | 69 | | 57required,ifthedepartmentafterareviewdeterminesthequalifyingcompanyfailstosatisfy |
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| 70 | 70 | | 58otheraspectsoftheirnoticeofintent,includingfailuretomakegoodfaitheffortstoemploy, |
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| 71 | 71 | | 59ataminimum,commensuratewiththepercentageofminoritypopulationsinthestateof |
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| 72 | 72 | | 60Missouri,asreportedinthepreviousdecennialcensus,thefollowing:racialminorities, |
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| 73 | 73 | | 61contractorswhoareracialminorities,andcontractorsthat,inturn,employataminimum |
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| 74 | 74 | | 62racialminoritiescommensuratewiththepercentageofminoritypopulationsinthestateof |
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| 75 | 75 | | 63Missouri,asreportedinthepreviousdecennialcensus,orifthenumberofjobsisbelowthe |
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| 76 | 76 | | 64numberrequired,thequalifiedcompanyorqualifiedmilitaryprojectshallnotreceivetax |
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| 77 | 77 | | 65creditsorretainthewithholdingtaxforthebalanceoftheprojectperiod.Ifastatewidestate |
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| 78 | 78 | | 66ofemergencyexistsformorethansixteenmonthsandduringaqualifiedcompany’sor |
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| 79 | 79 | | 67industrialdevelopmentauthority’staxyearandifthenumberofjobsreportedisbelow |
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| 80 | 80 | | 68thenumberrequiredforsuchyear,thequalifiedcompanyorqualifiedmilitaryproject |
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| 81 | 81 | | 69shallnotbeprohibitedfromreceivingtaxcreditsorretainingthewithholdingtax,or |
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| 82 | 82 | | 70bothifapplicable,forthebalanceoftheprojectperiodsolelyonthebasisofthenumber |
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| 83 | 83 | | 71ofjobsifallotherprogramrequirementsaremet.Failuretotimelyfiletheannualreport |
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| 84 | 84 | | 72requiredunderthissectionshallresultintheforfeitureoftaxcreditsattributabletotheyear |
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| 85 | 85 | | 73forwhichthereportingwasrequiredandarecaptureofwithholdingtaxesretainedbythe |
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| 86 | 86 | | 74qualifiedcompanyorqualifiedmilitaryprojectduringsuchyear. |
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| 87 | 87 | | 75 4.Thedepartmentmaywithholdtheapprovalofanybenefitsunderthisprogramuntil |
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| 88 | 88 | | 76itissatisfiedthatproperdocumentationhasbeenprovided,andshallreducethebenefitsto |
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| 89 | 89 | | 77reflectanyreductioninfull-timeemployeesorpayroll.Uponapprovalbythedepartment,the |
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| 90 | 90 | | 78qualifiedcompanymaybegintheretentionofthewithholdingtaxeswhenitreachesthe |
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| 91 | 91 | | 79requirednumberofjobsandtheaveragewagemeetsorexceedstheapplicablepercentageof |
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| 92 | 92 | | 80countyaveragewage.Taxcredits,ifany,maybeissueduponsatisfactionbythedepartment |
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| 93 | 93 | | 81thatthequalifiedcompanyhasexceededtheapplicablepercentageofcountyaveragewage |
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| 94 | 94 | | 82andtherequirednumberofjobs;providedthat,taxcreditsawardedundersubsection7of |
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| 95 | 95 | | 83section620.2010maybeissuedfollowingthequalifiedcompany'sacceptanceofthe |
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| 96 | 96 | | 84department'sproposalandpursuanttotherequirementssetforthinthewrittenagreement |
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| 97 | 97 | | 85betweenthedepartmentandthequalifiedcompanyundersubsection4ofsection620.2010. |
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| 98 | 98 | | 86 5.Anyqualifiedcompanyorqualifiedmilitaryprojectapprovedforbenefitsunder |
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| 99 | 99 | | 87thisprogramshallprovidetothedepartment,uponrequest,anyandallinformationand |
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| 100 | 100 | | 88recordsreasonablyrequiredtomonitorcompliancewithprogramrequirements.This |
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| 101 | 101 | | 89programshallbeconsideredabusinessrecruitmenttaxcreditundersubdivision(4)of |
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| 102 | 102 | | 90subsection2ofsection135.800,andanyqualifiedcompanyorqualifiedmilitaryproject |
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| 103 | 103 | | HB2435 3 91approvedforbenefitsunderthisprogramshallbesubjecttotheprovisionsofsections |
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| 104 | 104 | | 92135.800to135.830. |
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| 105 | 105 | | 93 6.Anytaxpayerwhoisawardedbenefitsunderthisprogramwhoknowinglyhires |
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| 106 | 106 | | 94individualswhoarenotallowedtoworklegallyintheUnitedStatesshallimmediatelyforfeit |
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| 107 | 107 | | 95suchbenefitsandshallrepaythestateanamountequaltoanystatetaxcreditsalready |
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| 108 | 108 | | 96redeemedandanywithholdingtaxesalreadyretained. |
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| 109 | 109 | | 97 7.(1)Themaximumamountoftaxcreditsthatmaybeauthorizedunderthisprogram |
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| 110 | 110 | | 98foranyfiscalyearshallbelimitedasfollows,lesstheamountofanytaxcreditspreviously |
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| 111 | 111 | | 99obligatedforthatfiscalyearunderanyofthetaxcreditprogramsreferencedinsubsection14 |
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| 112 | 112 | | 100ofthissection: |
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| 113 | 113 | | 101 (a)ForthefiscalyearbeginningonJuly1,2013,butendingonorbeforeJune30, |
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| 114 | 114 | | 1022014,nomorethanonehundredsixmilliondollarsintaxcreditsmaybeauthorized; |
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| 115 | 115 | | 103 (b)ForthefiscalyearbeginningonJuly1,2014,butendingonorbeforeJune30, |
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| 116 | 116 | | 1042015,nomorethanonehundredelevenmilliondollarsintaxcreditsmaybeauthorized; |
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| 117 | 117 | | 105 (c)ForfiscalyearsbeginningonorafterJuly1,2015,butendingonorbeforeJune |
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| 118 | 118 | | 10630,2020,nomorethanonehundredsixteenmilliondollarsintaxcreditsmaybeauthorized |
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| 119 | 119 | | 107foreachfiscalyear;and |
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| 120 | 120 | | 108 (d)ForallfiscalyearsbeginningonorafterJuly1,2020,nomorethanonehundred |
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| 121 | 121 | | 109sixmilliondollarsintaxcreditsmaybeauthorizedforeachfiscalyear.Theprovisionsofthis |
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| 122 | 122 | | 110paragraphshallnotapplytotaxcreditsissuedtoqualifiedcompaniesunderanoticeofintent |
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| 123 | 123 | | 111filedpriortoJuly1,2020. |
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| 124 | 124 | | 112 (2)ForallfiscalyearsbeginningonorafterJuly1,2020,inadditiontotheamountof |
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| 125 | 125 | | 113taxcreditsthatmaybeauthorizedunderparagraph(d)ofsubdivision(1)ofthissubsection, |
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| 126 | 126 | | 114anadditionaltenmilliondollarsintaxcreditsmaybeauthorizedforeachfiscalyearforthe |
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| 127 | 127 | | 115purposeofthecompletionofinfrastructureprojectsdirectlyconnectedwiththecreationor |
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| 128 | 128 | | 116retentionofjobsundertheprovisionsofsections620.2000to620.2020andanadditionalten |
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| 129 | 129 | | 117milliondollarsintaxcreditsmaybeauthorizedforeachfiscalyearforaqualified |
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| 130 | 130 | | 118manufacturingcompanybasedonamanufacturingcapitalinvestmentassetforthinsection |
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| 131 | 131 | | 119620.2010. |
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| 132 | 132 | | 120 8.ForallfiscalyearsbeginningonorafterJuly1,2020,themaximumtotalamount |
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| 133 | 133 | | 121ofwithholdingtaxthatmaybeauthorizedforretentionforthecreationofnewjobsunderthe |
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| 134 | 134 | | 122provisionsofsections620.2000to620.2020byqualifiedcompanieswithaprojectfacility |
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| 135 | 135 | | 123baseemploymentofatleastfiftyshallnotexceedseventy-fivemilliondollarsforeachfiscal |
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| 136 | 136 | | 124year.Theprovisionsofthissubsectionshallnotapplytowithholdingtaxauthorizedfor |
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| 137 | 137 | | 125retentionforthecreationofnewjobsbyqualifiedcompanieswithaprojectfacilitybase |
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| 138 | 138 | | 126employmentoflessthanfifty. |
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| 139 | 139 | | HB2435 4 127 9.Fortaxcreditsforthecreationofnewjobsundersection620.2010,thedepartment |
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| 140 | 140 | | 128shallallocatetheannualtaxcreditsbasedonthedateoftheapproval,reservingsuchtax |
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| 141 | 141 | | 129creditsbasedonthedepartment'sbestestimateofnewjobsandnewpayrolloftheproject, |
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| 142 | 142 | | 130andanyotherapplicablefactorsindeterminingtheamountofbenefitsavailabletothe |
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| 143 | 143 | | 131qualifiedcompanyorqualifiedmilitaryprojectunderthisprogram;providedthat,the |
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| 144 | 144 | | 132departmentmayreserveuptotwenty-oneandone-halfpercentofthemaximumannual |
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| 145 | 145 | | 133amountoftaxcreditsthatmaybeauthorizedundersubsection7ofthissectionforaward |
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| 146 | 146 | | 134undersubsection7ofsection620.2010.However,theannualissuanceoftaxcreditsshallbe |
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| 147 | 147 | | 135subjecttoannualverificationofactualpayrollbythedepartmentor,forqualifiedmilitary |
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| 148 | 148 | | 136projects,annualverificationofaveragesalaryforthejobsdirectlycreatedbythequalified |
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| 149 | 149 | | 137militaryproject.Anyauthorizationoftaxcreditsshallexpireif,withintwoyearsfromthe |
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| 150 | 150 | | 138dateofcommencementofoperations,orapprovalifapplicable,thequalifiedcompanyhas |
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| 151 | 151 | | 139failedtomeettheapplicableminimumjobrequirements.Thequalifiedcompanymayretain |
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| 152 | 152 | | 140authorizedamountsfromthewithholdingtaxundertheprojectoncetheapplicableminimum |
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| 153 | 153 | | 141jobrequirementshavebeenmetforthedurationoftheprojectperiod.Nobenefitsshallbe |
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| 154 | 154 | | 142providedunderthisprogramuntilthequalifiedcompanyorqualifiedmilitaryprojectmeets |
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| 155 | 155 | | 143theapplicableminimumnewjobrequirementsor,forbenefitsawardedundersubsection7of |
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| 156 | 156 | | 144section620.2010,untilthequalifiedcompanyhassatisfiedtherequirementssetforthinthe |
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| 157 | 157 | | 145writtenagreementbetweenthedepartmentandthequalifiedcompanyundersubsection4of |
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| 158 | 158 | | 146section620.2010.Intheeventthequalifiedcompanyorqualifiedmilitaryprojectdoesnot |
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| 159 | 159 | | 147meettheapplicableminimumnewjobrequirements,thequalifiedcompanyorqualified |
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| 160 | 160 | | 148militaryprojectmaysubmitanewnoticeofintentorthedepartmentmayprovideanew |
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| 161 | 161 | | 149approvalforanewprojectofthequalifiedcompanyorqualifiedmilitaryprojectattheproject |
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| 162 | 162 | | 150facilityorotherfacilities. |
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| 163 | 163 | | 151 10.Taxcreditsprovidedunderthisprogrammaybeclaimedagainsttaxesotherwise |
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| 164 | 164 | | 152imposedbychapters143and148,andmaynotbecarriedforward,butshallbeclaimed |
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| 165 | 165 | | 153withinoneyearofthecloseofthetaxableyearforwhichtheywereissued.Taxcredits |
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| 166 | 166 | | 154providedunderthisprogrammaybetransferred,sold,orassignedbyfilinganotarized |
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| 167 | 167 | | 155endorsementthereofwiththedepartmentthatnamesthetransferee,theamountoftaxcredit |
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| 168 | 168 | | 156transferred,andthevaluereceivedforthecredit,aswellasanyotherinformationreasonably |
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| 169 | 169 | | 157requestedbythedepartment.Foraqualifiedcompanywithflow-throughtaxtreatmenttoits |
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| 170 | 170 | | 158members,partners,orshareholders,thetaxcreditshallbeallowedtomembers,partners,or |
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| 171 | 171 | | 159shareholdersinproportiontotheirshareofownershiponthelastdayofthequalified |
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| 172 | 172 | | 160company'staxperiod. |
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| 173 | 173 | | 161 11.Priortotheissuanceoftaxcreditsorthequalifiedcompanybeginningtoretain |
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| 174 | 174 | | 162withholdingtaxes,thedepartmentshallverifythroughthedepartmentofrevenueandany |
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| 175 | 175 | | 163otherapplicablestatedepartmentthatthetaxcreditapplicantdoesnotoweanydelinquent |
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| 176 | 176 | | HB2435 5 164income,sales,orusetaxorinterestorpenaltiesonsuchtaxes,oranydelinquentfeesor |
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| 177 | 177 | | 165assessmentsleviedbyanystatedepartmentandthroughthedepartmentofcommerceand |
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| 178 | 178 | | 166insurancethattheapplicantdoesnotoweanydelinquentinsurancetaxesorotherfees.Such |
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| 179 | 179 | | 167delinquencyshallnotaffecttheapproval,exceptthatanytaxcreditsissuedshallbefirst |
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| 180 | 180 | | 168appliedtothedelinquencyandanyamountissuedshallbereducedbytheapplicant'stax |
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| 181 | 181 | | 169delinquency.Ifthedepartmentofrevenue,thedepartmentofcommerceandinsurance,orany |
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| 182 | 182 | | 170otherstatedepartmentconcludesthatataxpayerisdelinquentafterJunefifteenthbutbefore |
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| 183 | 183 | | 171Julyfirstofanyyearandtheapplicationoftaxcreditstosuchdelinquencycausesatax |
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| 184 | 184 | | 172deficiencyonbehalfofthetaxpayertoarise,thenthetaxpayershallbegrantedthirtydaysto |
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| 185 | 185 | | 173satisfythedeficiencyinwhichinterest,penalties,andadditionstotaxshallbetolled.After |
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| 186 | 186 | | 174applyingallavailablecreditstowardataxdelinquency,theadministeringagencyshallnotify |
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| 187 | 187 | | 175theappropriatedepartmentandthatdepartmentshallupdatetheamountofoutstanding |
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| 188 | 188 | | 176delinquenttaxowedbytheapplicant.Ifanycreditsremainaftersatisfyingallinsurance, |
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| 189 | 189 | | 177income,sales,andusetaxdelinquencies,theremainingcreditsshallbeissuedtothe |
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| 190 | 190 | | 178applicant,subjecttotherestrictionsofotherprovisionsoflaw. |
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| 191 | 191 | | 179 12.Thedirectorofrevenueshallissuearefundtothequalifiedcompanytotheextent |
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| 192 | 192 | | 180thattheamountoftaxcreditsallowedunderthisprogramexceedstheamountofthequalified |
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| 193 | 193 | | 181company'staxliabilityunderchapter143or148. |
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| 194 | 194 | | 182 13.Anemployeeofaqualifiedcompanyshallreceivefullcreditfortheamountoftax |
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| 195 | 195 | | 183withheldasprovidedinsection143.211. |
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| 196 | 196 | | 184 14.Notwithstandinganyprovisionoflawtothecontrary,beginningAugust28,2013, |
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| 197 | 197 | | 185nonewbenefitsshallbeauthorizedforanyprojectthathadnotreceivedfromthedepartment |
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| 198 | 198 | | 186aproposalorapprovalforsuchbenefitspriortoAugust28,2013,underthedevelopmenttax |
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| 199 | 199 | | 187creditprogramcreatedundersections32.100to32.125,therebuildingcommunitiestaxcredit |
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| 200 | 200 | | 188programcreatedundersection135.535,theenhancedenterprisezonetaxcreditprogram |
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| 201 | 201 | | 189createdundersections135.950to135.973,andtheMissouriqualityjobsprogramcreated |
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| 202 | 202 | | 190undersections620.1875to620.1890.Theprovisionsofthissubsectionshallnotbe |
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| 203 | 203 | | 191construedtolimitorimpairtheabilityofanyadministeringagencytoauthorizeorissue |
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| 204 | 204 | | 192benefitsforanyprojectthathadreceivedanapprovaloraproposalfromthedepartmentunder |
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| 205 | 205 | | 193anyoftheprogramsreferencedinthissubsectionpriortoAugust28,2013,ortheabilityof |
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| 206 | 206 | | 194anytaxpayertoredeemanysuchtaxcreditsortoretainanywithholdingtaxunderan |
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| 207 | 207 | | 195approvalissuedpriortothatdate.Theprovisionsofthissubsectionshallnotbeconstruedto |
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| 208 | 208 | | 196limitorinanywayimpairtheabilityofanygoverningauthoritytoprovideanylocal |
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| 209 | 209 | | 197abatementordesignateanewzoneundertheenhancedenterprisezoneprogramcreatedby |
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| 210 | 210 | | 198sections135.950to135.963.Notwithstandinganyprovisionoflawtothecontrary,no |
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| 211 | 211 | | 199qualifiedcompanythatisawardedbenefitsunderthisprogramshall: |
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| 212 | 212 | | HB2435 6 200 (1)Simultaneouslyreceivebenefitsundertheprogramsreferencedinthissubsection |
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| 213 | 213 | | 201atthesamecapitalinvestment;or |
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| 214 | 214 | | 202 (2)Receivebenefitsundertheprovisionsofsection620.1910forthesamejobs. |
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| 215 | 215 | | 203 15.Ifanyprovisionofsections620.2000to620.2020orapplicationthereoftoany |
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| 216 | 216 | | 204personorcircumstanceisheldinvalid,theinvalidityshallnotaffectotherprovisionsor |
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| 217 | 217 | | 205applicationofthesesectionswhichcanbegiveneffectwithouttheinvalidprovisionsor |
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| 218 | 218 | | 206application,andtothisend,theprovisionsofsections620.2000to620.2020arehereby |
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| 219 | 219 | | 207declaredseverable. |
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| 220 | 220 | | 208 16.BynolaterthanJanuary1,2014,andthefirstdayofeachcalendarquarter |
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| 221 | 221 | | 209thereafter,thedepartmentshallpresentaquarterlyreporttothegeneralassemblydetailingthe |
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| 222 | 222 | | 210benefitsauthorizedunderthisprogramduringtheimmediatelyprecedingcalendarquarterto |
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| 223 | 223 | | 211theextentsuchinformationmaybedisclosedunderstateandfederallaw.Thereportshall |
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| 224 | 224 | | 212include,ataminimum: |
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| 225 | 225 | | 213 (1)Alistofallapprovedanddisapprovedapplicantsforeachtaxcredit; |
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| 226 | 226 | | 214 (2)Alistoftheaggregateamountofneworretainedjobsthataredirectlyattributable |
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| 227 | 227 | | 215tothetaxcreditsauthorized; |
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| 228 | 228 | | 216 (3)Astatementoftheaggregateamountofnewcapitalinvestmentdirectly |
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| 229 | 229 | | 217attributabletothetaxcreditsauthorized; |
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| 230 | 230 | | 218 (4)Documentationoftheestimatednetstatefiscalbenefitforeachauthorizedproject |
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| 231 | 231 | | 219and,totheextentavailable,theactualbenefitrealizeduponcompletionofsuchprojector |
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| 232 | 232 | | 220activity;and |
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| 233 | 233 | | 221 (5)Thedepartment'sresponsetimeforeachrequestforaproposedbenefitaward |
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| 234 | 234 | | 222underthisprogram. |
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| 235 | 235 | | 223 17.Thedepartmentmayadoptsuchrules,statementsofpolicy,procedures,forms, |
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| 236 | 236 | | 224andguidelinesasmaybenecessarytocarryouttheprovisionsofsections620.2000to |
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| 237 | 237 | | 225620.2020.Anyruleorportionofarule,asthattermisdefinedinsection536.010,thatis |
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| 238 | 238 | | 226createdundertheauthoritydelegatedinthissectionshallbecomeeffectiveonlyifitcomplies |
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| 239 | 239 | | 227withandissubjecttoalloftheprovisionsofchapter536and,ifapplicable,section536.028. |
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| 240 | 240 | | 228Thissectionandchapter536arenonseverableandifanyofthepowersvestedwiththe |
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| 241 | 241 | | 229generalassemblypursuanttochapter536toreview,todelaytheeffectivedate,orto |
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| 242 | 242 | | 230disapproveandannularulearesubsequentlyheldunconstitutional,thenthegrantof |
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| 243 | 243 | | 231rulemakingauthorityandanyruleproposedoradoptedafterAugust28,2013,shallbeinvalid |
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| 244 | 244 | | 232andvoid. |
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| 245 | 245 | | 233 18.Undersection23.253oftheMissourisunsetact: |
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| 246 | 246 | | 234 (1)Theprovisionsoftheprogramauthorizedundersections620.2000to620.2020 |
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| 247 | 247 | | 235shallbereauthorizedasofAugust28,2018,andshallexpireonAugust28,2030;and |
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| 248 | 248 | | HB2435 7 236 (2)Ifsuchprogramisreauthorized,theprogramauthorizedunderthissectionshall |
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| 249 | 249 | | 237automaticallysunsettwelveyearsaftertheeffectivedateofthereauthorizationofsections |
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| 250 | 250 | | 238620.2000to620.2020;and |
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| 251 | 251 | | 239 (3)Sections620.2000to620.2020shallterminateonSeptemberfirstofthecalendar |
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| 252 | 252 | | 240yearimmediatelyfollowingthecalendaryearinwhichtheprogramauthorizedundersections |
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| 253 | 253 | | 241620.2000to620.2020issunset. |
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| 254 | 254 | | ✔ |
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| 255 | 255 | | HB2435 8 |
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