Commerce Committee adopts committee substitute clarifying Missouri Opportunity Zone program and incentive rules
Committee adopted a house committee substitute for economic-development legislation that tightens oversight, clarifies TIF and abatement treatment, defines master scorecard application, and adjusts local revenue diversion rules, including reducing the net-new property tax diversion requirement for the local public safety fund from 50% to 25%.
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The House Commerce Committee adopted a house committee substitute that bundles multiple economic-development provisions (presented as a committee substitute for several bills). The substitute rewrites and clarifies program mechanics for the Missouri Opportunity Zone and related incentive structures, aiming to address Department of Revenue and municipal concerns.
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