SJR 40 – Authorizes the creation of Show-Me Small Business Districts

• Sponsor: Curls
• LR Number: 4899S.01I
• Committee: Jobs, Economic Development and Local Government
• Last Action: 1/30/2014 - Second Read and Referred S Jobs, Economic Development and Local Government Committee
• Journal Page: S187
• Effective Date: Upon voter approval

Current Bill Summary

SJR 40 - This constitutional amendment, if approved by the voters, will allow for the creation of discrete tax-free or reduced-tax geographic districts for the purpose of promoting small business development to further economic development in such districts. No such district may maintain tax-favored status for a term longer than twenty-three years.

This amendment is identical to SJR 20 (2013) and SJR 22 (2010).

MIKE HAMMANN