 Chillicothe,
Part of Livingston County Designated Enterprise Zone
November 18, 2009
The Enhanced Enterprise Zone Program is a discretionary program offering state tax credits, accompanied by local real property tax abatement, to Enhanced Business Enterprises. Tax credits may be provided each year for up to five tax years after the project commences operations.
Chillicothe and part of Livingston County
Date Designated: November 18, 2009
Contact:
Terry Rumery
PO Box 211
Chillicothe, MO 64601
Phone: 660-646-1900
Email: terry@rumeryassociates.com
Website: www.livingstoncountymo.com
Eligible "Enhanced Business Enterprises"
By NAICS Code:
All businesses excluding those listed by Statute.(listed below)
* All gambling (7132), retail establishments (44-45), educational services (61), religious organizations (8131), public administration (92) and eating and drinking establishments (722) are not eligible.
By Section 348.015(14) RSMo:
Value-added agricultural products
By Section 135.950(7)(b) of the RSMo:
An international, national, regional or state headquarters of a revenue producing business or enterprise. Allows service industries to be eligible only if a majority of its annual revenues will be derived from services provided out of state.
Purpose
Provide tax credits to new or expanding businesses in a Missouri Enhanced Enterprise Zone.
Authorization
Sections 135.950 to 135.973, RSMo
To view Contact Information and Locations click here!
Eligible Areas - Enhanced Enterprise Zones are specified geographic areas designated by local governments and certified by the Department of Economic Development (DED). Zone designation is based on certain demographic criteria, the potential to create sustainable jobs in a targeted industry and a demonstrated impact on local industry cluster development.
Eligible Applicants - An eligible business must be located in a Missouri Enhanced Enterprise Zone (EEZ). Individual business eligibility will be determined by the zone, based on creation of sustainable jobs in a targeted industry or demonstrated impact on local industry cluster development. Service industries can be eligible if a majority of their annual revenues will be derived from services provided out of the state. Headquarters or administrative offices of an otherwise excluded business may qualify if the offices serve a multi-state territory. The company cannot have been announced or construction started prior to the approval process. See application for complete information. |
