Missouri legislation · 2026 Regular Session
Missouri HB2693: Modifies provisions relating to port authorities
Status: In committee, May 7, 2026
What the bill says
A resolution passed by the port authority board of commissioners appointed under section 68.045 that is being developed or redeveloped for any purpose so long as any infrastructure and building built or improved is in the development area. The port authority board of commissioners shall file an annual report indicating the established AIM zones with the department of revenue; (2) "County average wage", the average wage in each county as determined by the Missouri department of economic development for the most recently completed full calendar year…
From the amended text:
a resolution passed by the port authority board of commissioners appointed under section 68.045 that is being developed or redeveloped for any purpose so long as any infrastructure and building built or improved is in the development area. The port authority board of commissioners shall file an annual report indicating the established AIM zones with the department of revenue; (2) "County average wage", the average wage in each county as determined by the Missouri department of economic development for the most recently completed full calendar year. However, if the computed county average wage is above the statewide average wage, the statewide average wage shall be deemed the county average wage for such county for the purpose of determining eligibility; (3) "New job", the number of full-time employees located at the project facility that exceeds the project facility base employment less any decrease in the number of full-time employees at related facilities below the related facility base employment. No job that was created prior to the date of the notice of intent shall be deemed a new job, except that any job determined by the Missouri department of economic development to be eligible for and that is approved by the Missouri department of economic development for retention of withholding tax under the Missouri works program established in sections 620.2000 to 620.2020 …
Sponsors
- Michael Steinmeyer (R, 020) · primary sponsor