0639S.02C
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SENATE COMMITTEE SUBSTITUTE
FOR
SENATE BILL NO. 381
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
one new section, to be known as section 92.205, to read as
follows:
92.205. 1. For the purposes of this section, the
following terms mean:
(1) "Distressed community", the same meaning as
provided in section 135.530;
(2) "Earnings tax opportunity zone", each opportunity
zone cluster wholly comprised of qualified census tracts
located wholly or partially in a distressed community
imposing the earnings tax under sections 92.105 to 92.200;
(3) "Opportunity zone cluster", areas designated as a
qualified opportunity zone under 26 U.S.C. Section 1400Z -1
organized within a distressed co mmunity to connect and
reinforce priority areas for investment, redevelopment, and
economic growth;
(4) "Qualified census tract", the same meaning as
provided in section 253.545.
2. Notwithstanding any other provision of law to the
contrary, for all tax years beginning on or after January 1,
2026, the following shall be exempt from the earnings tax
imposed under sections 92.105 to 92.200:
(1) The salaries, wages, commissions, and other
compensation earned by any resident of an earni ngs tax
opportunity zone;
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(2) The salaries, wages, commissions, and other
compensation earned by any person who earns salaries, wages,
commissions, and other compensation for work done or
services performed or rendered in an earnings tax
opportunity zone;
(3) The net profits of associations, businesses, or
other activities conducted by any person in an earnings tax
opportunity zone; and
(4) The net profits earned by all corporations as the
result of work done or services performed or rendered and
business or other activities in an earnings tax opportunity
zone.
3. Any distressed community imposing the earnings tax
under sections 92.105 to 92.200 shall publish and maintain
an updated map of earnings tax opportunity zones on its
website and shall provide a copy of such map upon request.
4. The provisions of this section shall not apply to
any earnings tax opportunity zone that includes or overlaps
with the federally designated site of the National
Geospatial-Intelligence Agency (NGA) West campus located in
a city not within a county.