Section 620.6000

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS

Chapter 620

Effective - 28 Aug 2026, see footnote   

  620.6000.  Citation of law — definitions. — 1.  Sections 620.6000 to 620.6033 shall be known and may be cited as the "Missouri Innovation, Public Safety, and Accountability Act".

  2.  As used in sections 620.6000 to 620.6033, the following terms mean:

  (1)  "Application", a written submission seeking designation, certification, approval, authorization, incentive eligibility, permit, license, or other action under sections 620.6000 to 620.6033, as applicable;

  (2)  "Baseline", local revenue actually received during the twelve consecutive calendar months immediately preceding certification of a Missouri innovation zone that is attributable to activity occurring within the geographic boundaries of the certified zone;

  (3)  "City", any incorporated city, town, or municipality organized under the laws of the state of Missouri;

  (4)  "Department", the Missouri department of economic development;

  (5)  "Executive branch", the chief executive officer of a participating city and any department, agency, or officer acting under the authority of such chief executive officer, consistent with the city's form of government to administer, oversee, and carry out the responsibilities of a Missouri innovation zone authorized under sections 620.6000 to 620.6033;

  (6)  "Main street district", an accredited, associated, or affiliated main street district of the Missouri main street program created under sections 251.470 to 251.485;

  (7)  "Master plan", a written submission prepared and submitted by the executive branch of an eligible city to the department under sections 620.6000 to 620.6006 for the purpose of requesting designation and certification of a Missouri innovation zone;

  (8)  "Master scorecard", the scoring framework adopted and administered by the department to assign point values and incentive levels for development incentives expressly enumerated under section 620.6003 within a certified Missouri innovation zone;

  (9)  "Missouri innovation zone", a locally designated contiguous geographic area within a participating city that encompasses the boundaries of the city's downtown or primary commercial core, or, in the absence of a clearly defined downtown, the central business district or a qualified Missouri main street district, as applicable, except that no such zone shall exceed ten percent of the total area of the participating city;

  (10)  "Net-new local revenue", the amount by which local tax receipts attributable to activity within a certified Missouri innovation zone exceed the applicable baseline local tax receipts, as actually received by the participating city, net of refunds, chargebacks, or statutory distribution adjustments;

  (11)  "Net-new property tax revenue", the amount by which ad valorem real property tax revenues actually collected by a participating city from property located within a certified Missouri innovation zone during a fiscal year exceed the applicable baseline real property tax revenues for such property;

  (12)  "Net-new state revenue", the amount of state sales tax increment or state income tax increment, or the combination of the amount of each such increment, as determined by the department;

  (13)  "New job", a job at a business located in a certified Missouri innovation zone, as identified by the participating city, not including jobs of recalled workers, replacement jobs, or jobs that formerly existed in the business or a related company to the business in the state.  No job that was created prior to the date of the department's certification of the Missouri innovation zone shall be deemed a new job;

  (14)  "Participating city", a city that has voluntarily elected to establish a Missouri innovation zone and is eligible to participate in programs authorized under sections 620.6000 to 620.6033;

  (15)  "Related company", the same meaning as defined in section 620.2005;

  (16)  "Reviewing authority", the local governing body, commission, board, or state agency authorized by law to approve or administer an incentive for which an application is submitted;

  (17)  "State baseline year", the calendar year prior to the certification of a Missouri innovation zone by the department;

  (18)  "State income tax increment", up to fifty percent of the state income tax withheld on behalf of employees in new jobs by the employer pursuant to section 143.221 at the business located within the certified Missouri innovation zone.  The businesses shall be identified by the participating city to the department.  The estimate shall be a percentage of the gross payroll, which percentage shall be based upon an analysis by the department of the practical tax rate on gross payroll as a factor in overall taxable income;

  (19)  "State sales tax increment", up to fifty percent of the incremental increase in the state sales tax revenue in the certified Missouri innovation zone.  In no event shall the incremental increase include any amounts attributable to retail sales unless the department is satisfied based on information provided by the participating city, and the department has made a finding that a substantial portion of all but a de minimis portion of the sales tax increment attributable to retail sales is from new sources which did not exist in the state during the state baseline year;

  (a)  The incremental increase for an existing facility shall be the amount by which the state sales tax revenue generated at the facility exceeds the state sales tax revenue generated at the facility in the state baseline year;

  (b)  The incremental increase for a facility relocating from outside the certified Missouri innovation zone but in the state to inside the certified Missouri innovation zone shall be the amount by which the state sales tax revenue of the facility exceeds the state sales tax revenue for the facility in the calendar year prior to relocation;

  (c)  The incremental increase for an out-of-state business relocating into the certified Missouri innovation zone shall be the amount of state sales tax revenue generated in the certified Missouri innovation zone after the relocation;

  (20)  "State sales tax revenues", the general revenue portion of state sales tax revenues received pursuant to section 144.020, excluding sales taxes that are constitutionally dedicated, taxes deposited to the school district trust fund in accordance with section 144.701, sales and use taxes on motor vehicles, trailers, boats, and outboard motors and future sales taxes earmarked by law.

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(L. 2026 H.B. 3231 & 2531)