Missouri Laws 135.980 – No restriction by ballot permitted for certain businesses with NAIC code — ..
1. 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;
Terms Used In Missouri Laws 135.980
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Statute: A law passed by a legislature.
(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.