HCS/HBs 2874 & 2796 - 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 14 consecutive days or 30 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 the truly agreed to and finally passed SS/HB 2062 (2024) and substantially similar to HCS/HB 1263 (2023).
MARY GRACE PRINGLE