Missouri HB2143 modifies incentives for interstate business relocation and authorizes the Department of Economic Development to determine clawback.
Missouri HB2143 modifies provisions relating to incentives for interstate business relocation. It authorizes the Department of Economic Development to determine clawback provisions for the state and political subdivisions. The bill outlines specific conditions under which tax credits, funding, or retention of withholding taxes will not be issued for jobs relocating from a Missouri border county to a Kansas border county. The provisions include a requirement for the director to certify and notify relevant parties if Kansas is providing economic incentives for such relocations.
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