Creates the Manufacturing Opportunity Zones Act for large manufacturing developments with access to transportation and proximity to electricity, gas, and water
Referred: Emerging Issues(H)
Summary
The bill designates special zones that have strong transportation, power, water, gas and data infrastructure to attract large manufacturing projects. It offers future corporate‑income‑tax exemptions, establishes a dedicated utility fund financed by a 1% user fee, and creates a fast‑track permitting process and a small‑business loan‑guarantee program. The goal is to make Missouri more competitive for advanced manufacturing while encouraging innovative energy solutions.
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