Current with changes from the 2024 Legislative Session
Section 135.980 - No restriction by ballot permitted for certain businesses with NAIC code - expiration date1. As used in this section, the following terms shall mean: (1)"NAICS", the classification provided by the most recent edition of the North American Industry Classification System as prepared by the Executive Office of the President, Office of Management and Budget;(2)"Public financial incentive", any economic or financial incentive offered including: (a) Any tax reduction, credit, forgiveness, abatement, subsidy, or other tax-relieving measure;(b) Any tax increment financing or similar financial arrangement;(c) Any monetary or nonmonetary benefit related to any bond, loan, or similar financial arrangement;(d) Any reduction, credit, forgiveness, abatement, subsidy, or other relief related to any bond, loan, or similar financial arrangement; and(e) The ability to form, own, direct, or receive any economic or financial benefit from any special taxation district.2. No city not within a county shall by ballot measure impose any restriction on any public financial incentive authorized by statute for a business with a NAICS code of 212111.3. The provisions of this section shall expire on December 31, 2017.Added by 2014 Mo. Laws, SB 672,s A, eff. 1/15/2015.