| 11 | | - | Section A. Chapter 92, RSMo, is amended by adding thereto |
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| 12 | | - | one new section, to be known as section 92.205, to read as |
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| 13 | | - | follows: |
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| 14 | | - | 92.205. 1. For the purposes of this section, the |
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| 15 | | - | following terms mean: |
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| 16 | | - | (1) "Distressed community", the same meaning as |
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| 17 | | - | provided in section 135.530; |
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| 18 | | - | (2) "Earnings tax opportunity zone", each opportunity |
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| 19 | | - | zone cluster wholly comprised of qualified census tracts |
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| 20 | | - | located wholly or partially in a distressed community |
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| 21 | | - | imposing the earnings tax under sections 92.105 to 92.200; |
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| 22 | | - | (3) "Opportunity zone cluster", areas designated as a |
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| 23 | | - | qualified opportunity zone under 26 U.S.C. Section 1400Z -1 |
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| 24 | | - | organized within a distressed co mmunity to connect and |
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| 25 | | - | reinforce priority areas for investment, redevelopment, and |
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| 26 | | - | economic growth; |
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| 27 | | - | (4) "Qualified census tract", the same meaning as |
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| 28 | | - | provided in section 253.545. |
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| 29 | | - | 2. Notwithstanding any other provision of law to the |
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| 30 | | - | contrary, for all tax years beginning on or after January 1, |
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| 31 | | - | 2026, the following shall be exempt from the earnings tax |
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| 32 | | - | imposed under sections 92.105 to 92.200: |
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| 33 | | - | (1) The salaries, wages, commissions, and other |
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| 34 | | - | compensation earned by any resident of an earni ngs tax |
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| 35 | | - | opportunity zone; |
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| 36 | | - | 2 |
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| 37 | | - | (2) The salaries, wages, commissions, and other |
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| 38 | | - | compensation earned by any person who earns salaries, wages, |
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| 39 | | - | commissions, and other compensation for work done or |
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| 40 | | - | services performed or rendered in an earnings tax |
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| 41 | | - | opportunity zone; |
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| 42 | | - | (3) The net profits of associations, businesses, or |
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| 43 | | - | other activities conducted by any person in an earnings tax |
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| 44 | | - | opportunity zone; and |
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| 45 | | - | (4) The net profits earned by all corporations as the |
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| 46 | | - | result of work done or services performed or rendered and |
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| 47 | | - | business or other activities in an earnings tax opportunity |
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| 48 | | - | zone. |
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| 49 | | - | 3. Any distressed community imposing the earnings tax |
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| 50 | | - | under sections 92.105 to 92.200 shall publish and maintain |
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| 51 | | - | an updated map of earnings tax opportunity zones on its |
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| 52 | | - | website and shall provide a copy of such map upon request. |
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| 53 | | - | 4. The provisions of this section shall not apply to |
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| 54 | | - | any earnings tax opportunity zone that includes or overlaps |
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| 55 | | - | with the federally designated site of the National |
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| 56 | | - | Geospatial-Intelligence Agency (NGA) West campus located in |
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| 57 | | - | a city not within a county. |
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| 11 | + | Section A. Chapter 92, RSMo, is amended by adding thereto 1 |
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| 12 | + | one new section, to be known as section 92.205, to read as 2 |
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| 13 | + | follows:3 |
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| 14 | + | 92.205. 1. For the purposes of this section, the 1 |
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| 15 | + | following terms mean: 2 |
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| 16 | + | (1) "Distressed community", the same meaning as 3 |
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| 17 | + | provided in section 135.530; 4 |
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| 18 | + | (2) "Earnings tax opportunity zone ", each opportunity 5 |
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| 19 | + | zone cluster wholly comprised of qualified census tracts 6 |
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| 20 | + | located wholly or partially in a distressed community 7 |
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| 21 | + | imposing the earnings tax under sections 92.105 to 92.200; 8 |
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| 22 | + | (3) "Opportunity zone cluster", areas designated as a 9 |
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| 23 | + | qualified opportunity zone under 26 U.S.C. Section 1400Z -1 10 |
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| 24 | + | organized within a distressed community to connect and 11 |
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| 25 | + | reinforce priority areas for investment, redevelopment, and 12 |
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| 26 | + | economic growth; 13 |
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| 27 | + | (4) "Qualified census tract", the same meaning as 14 |
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| 28 | + | provided in section 253.545. 15 |
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| 29 | + | 2. Notwithstanding any other provision of law to the 16 |
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| 30 | + | contrary, for all tax years beginning on or after January 1, 17 |
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| 31 | + | 2025, the following shall be exempt from the earnings tax 18 |
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| 32 | + | imposed under sections 92.105 to 92.200: 19 SB 381 2 |
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| 33 | + | (1) The salaries, wages, commissions, and other 20 |
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| 34 | + | compensation earned by any resident of an earnings tax 21 |
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| 35 | + | opportunity zone; 22 |
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| 36 | + | (2) The salaries, wages, commissions, and other 23 |
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| 37 | + | compensation earned by any person who earns salaries, wages, 24 |
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| 38 | + | commissions, and other compensation for work done or 25 |
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| 39 | + | services performed or rendered in an earnings tax 26 |
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| 40 | + | opportunity zone; 27 |
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| 41 | + | (3) The net profits of associations, businesses, or 28 |
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| 42 | + | other activities conducted by any person in an earnings tax 29 |
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| 43 | + | opportunity zone; and 30 |
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| 44 | + | (4) The net profits earned by all corporations as the 31 |
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| 45 | + | result of work done or services performed or rendered and 32 |
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| 46 | + | business or other activities in an earnings tax opportunity 33 |
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| 47 | + | zone. 34 |
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| 48 | + | 3. Any distressed community imposing the earnings tax 35 |
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| 49 | + | under sections 92.105 to 92.200 shall publish and maintain 36 |
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| 50 | + | an updated map of earnings tax opportunity zones on its 37 |
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| 51 | + | website and shall provide a copy of such map upon request. 38 |
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| 52 | + | |
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