Vote Smart's Synopsis:

Vote to pass a bill that amends provisions relating to business investment incentives in Missouri.

Highlights:

• Defines various terms related to Business investment incentives (Sec. 1). 

• Specifies that a rural fund that seeks an equity investment certified as a capital investment must submit an application to the Missouri department of economic development (Sec. 1). 

• Specifies that the department shall have the right sixty days after the grant application to approve or deny the funds (Sec. 1). 

• Requires that the department informs the applicant of a denial (Sec. 1). 

• Requires certification of the application on approval by the department (Sec. 1). 

• Establishes other regulations on the fund (Sec. 1). 

• Specifies why the fund may recapture tax credits (Sec. 1).

Full Bill Text