FIRSTREGULARSESSION
[PERFECTED]
HOUSEBILLNO.499
103RDGENERALASSEMBLY
INTRODUCEDBYREPRESENTATIVECHRIST.
1679H.01P JOSEPHENGLER,ChiefClerk
ANACT
Toamendchapter92,RSMo,byaddingtheretoonenewsectionrelatingtoearningstax
opportunityzones.
BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
SectionA.Chapter92,RSMo,isamendedbyaddingtheretoonenewsection,tobe
2knownassection92.205,toreadasfollows:
92.205.1.Forthepurposesofthissection,thefollowingtermsmean:
2 (1)"Distressedcommunity",thesamemeaningasprovidedinsection135.530;
3 (2)"Earningstaxopportunityzone",eachopportunityzoneclusterwholly
4composedofqualifiedcensustractslocatedwhollyorpartiallyinadistressed
5communityimposingtheearningstaxundersections92.105to92.200;
6 (3)"Opportunityzonecluster",areasdesignatedasaqualifiedopportunityzone
7under26U.S.C.Section1400Z-1organizedwithinadistressedcommunitytoconnect
8andreinforcepriorityareasforinvestment,redevelopment,andeconomicgrowth;
9 (4)"Qualifiedcensustract",thesamemeaningasprovidedinsection253.545.
10 2.Notwithstandinganyotherprovisionoflawtothecontrary,foralltaxyears
11beginningonorafterJanuary1,2026,thefollowingshallbeexemptfromtheearnings
12taximposedundersections92.105to92.200:
13 (1)Thesalaries,wages,commissions,andothercompensationearnedbyany
14residentofanearningstaxopportunityzone;
EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 15 (2)Thesalaries,wages,commissions,andothercompensationearnedbyany
16personwhoearnssalaries,wages,commissions,andothercompensationforworkdone
17orservicesperformedorrenderedinanearningstaxopportunityzone;
18 (3)Thenetprofitsofassociations,businesses,orotheractivitiesconductedby
19anypersoninanearningstaxopportunityzone;and
20 (4)Thenetprofitsearnedbyallcorporationsastheresultofworkdoneor
21servicesperformedorrenderedandbusinessorotheractivitiesinanearningstax
22opportunityzone.
23 3.Anydistressedcommunityimposingtheearningstaxundersections92.105to
2492.200shallpublishandmaintainanupdatedmapofearningstaxopportunityzoneson
25itswebsiteandshallprovideacopyofsuchmapuponrequest.
26 4.Theprovisionsofsections92.200to92.230shallnotapplytoanyearningstax
27opportunityzonethatincludesoroverlapswiththefederallydesignatedsiteofthe
28NationalGeospatial-IntelligenceAgency(NGA)WestcampuslocatedintheCityofSt.
29Louis.
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HB499 2