FIRST REGULAR SESSION
SENATE BILL NO. 381
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR FITZWATER.
0639S.01I KRISTINA MARTIN, Secretary
AN ACT
To amend chapter 92, RSMo, by adding thereto one new section relating to earnings tax.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Chapter 92, RSMo, is amended by adding thereto 1
one new section, to be known as section 92.205, to read as 2
follows:3
92.205. 1. For the purposes of this section, the 1
following terms mean: 2
(1) "Distressed community", the same meaning as 3
provided in section 135.530; 4
(2) "Earnings tax opportunity zone ", each opportunity 5
zone cluster wholly comprised of qualified census tracts 6
located wholly or partially in a distressed community 7
imposing the earnings tax under sections 92.105 to 92.200; 8
(3) "Opportunity zone cluster", areas designated as a 9
qualified opportunity zone under 26 U.S.C. Section 1400Z -1 10
organized within a distressed community to connect and 11
reinforce priority areas for investment, redevelopment, and 12
economic growth; 13
(4) "Qualified census tract", the same meaning as 14
provided in section 253.545. 15
2. Notwithstanding any other provision of law to the 16
contrary, for all tax years beginning on or after January 1, 17
2025, the following shall be exempt from the earnings tax 18
imposed under sections 92.105 to 92.200: 19 SB 381 2
(1) The salaries, wages, commissions, and other 20
compensation earned by any resident of an earnings tax 21
opportunity zone; 22
(2) The salaries, wages, commissions, and other 23
compensation earned by any person who earns salaries, wages, 24
commissions, and other compensation for work done or 25
services performed or rendered in an earnings tax 26
opportunity zone; 27
(3) The net profits of associations, businesses, or 28
other activities conducted by any person in an earnings tax 29
opportunity zone; and 30
(4) The net profits earned by all corporations as the 31
result of work done or services performed or rendered and 32
business or other activities in an earnings tax opportunity 33
zone. 34
3. Any distressed community imposing the earnings tax 35
under sections 92.105 to 92.200 shall publish and maintain 36
an updated map of earnings tax opportunity zones on its 37
website and shall provide a copy of such map upon request. 38