HCS/HB 1263 - This act establishes the "Protecting Missouri's Small Businesses Act" which provides that any political subdivision that implements any shutdown order and the business closes solely due to such shutdown order for at least 21 consecutive days or 45 cumulative days shall waive the fee for a business license during the period of the shutdown order and reduce the real and personal property tax liability of the business as provided in the act.This act is not an exemption of property from taxation and any action taken by a political subdivision that results in a refund or revenues lost shall be construed as an exercise of the political subdivision's authority to levy and collect local tax revenues.
This act is identical to a provision in CCS/HCS/SS/SB 222 (2023).
MARY GRACE PRINGLE