City of Moscow Mills, MO
Lincoln County
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Table of Contents
Table of Contents
[HISTORY: Adopted 6-8-2009 by Ord. No. 520; amended 8-10-2009 by Ord. No. 523; 4-13-2010 by Ord. No. 549. Subsequent amendments noted where applicable.]
An enhanced business enterprise will be eligible for the tax abatements provided in § 82.020 of this Ordinance, if the business enterprise meets the criteria established in RSMo. Sections 135.950 through 135.973, and:
A. 
The enhanced business enterprise locates, makes improvements, or expands, within the geographic boundaries of the Lincoln County Enhanced Enterprise Zone, as designated by the State of Missouri (hereinafter referred to as the "Zone"), after the date of such designation; and:
1. 
The business' activities within the Zone are properly categorized in one of the following qualifying industries defined in the 1997 edition of the North American Industry Classification System as prepared by the Executive Office of the President, Office of Management and Budget ("NAICS"). Any NAICS sector, subsector, industry group or industry identified in this section shall include its corresponding classification in subsequent federal industry classification systems:
11
Agriculture, Forestry, Fishing and Hunting
21
Mining
22
Utilities
23
Construction
31-33
Manufacturing
42
Wholesale
48-49
Transportation and Warehousing
51
Information
52
Finance and Insurance
53
Real Estate, Rental, and Leasing
54
Professional, Scientific and Technical Services
55
Management of Companies and Enterprises
56
Administrative and support and Waste Management and Remediation Services
62
Health Care and Social Assistance
71
Arts, Entertainment and Recreation, excluding 7132 - gaming operations
81
Other services, excluding 8131 - religious institutions, or
2. 
The business' activities within the Zone produce value-added agricultural products as defined in RSMo. Section 348.015 (14).
3. 
Headquarters or administrative offices of an otherwise excluded business may qualify for benefits if the offices serve a multistate territory. Services industries may be eligible only if a majority of its annual revenues will be derived from out of state.
Any enhanced business enterprise satisfying the requirements of § 82.010 of this Ordinance will receive a tax abatement in accordance to the New Business or Existing Business Benefit Level Options chart. The tax abatement will be on the new improvements that the enhanced business enterprise makes to its real property within the Zone subsequent to April 12, 2010. The tax abatement shall be limited to 10 years following the date such improvements were assessed, provided the improved properties are used for enhanced business enterprises in the year the abatement is to be made. "Real property" as used in this section shall have the same definition as found in RSMo. Section 137.010.
New Business Benefit Level Options
Qualification Requirements
Abatement Level/Term
Minimum Requirements -As determined by DED: 2 new FT employees - $100,000 (minimum) capital investment Health Insurance at all times, of which 50% is paid by employer
50% abatement/10 years
Additional Abatement Increment Benefits (Payroll Average must be 70% of County Average)
New Jobs
50+ NEW FT employees
10 points
100+ NEW FT employees
20 points
250+ NEW FT employees
35 points
Average Payroll
Average new payroll at 110% of County average
10 points
Average new payroll at 120% of County average
20 points
Average new payroll at 130% of County average
35 points
Investment
Capital investment exceeding $10 million
10 points
Capital investment exceeding $25 million
20 points
Capital investment exceeding $50 million
30 points
Capital investment exceeding $75 million
40 points
Maximum of 100 points
100 points = 100% for 10 years
80 to 95 points = 85% for 10 years
50 to 75 points = 75% for 10 years
Below 50 points = Minimum abatement level and term
Existing Business Benefit Level Options
Qualification Requirements
Abatement Level/Term
Minimum Requirements -As determined by DED:
2 new FT employees -$100,000 (minimum) capital investment
Replacement Facility -2 new FT employees and $1,000,000 (minimum) capital investment
Health Insurance at all times, of which 50% is paid by employer
50% abatement/10 years
Additional Abatement Increment Benefits (Payroll Average must be 70% of County Average)
New Jobs
10+ NEW FT employees
5 points
15+ NEW FT employees
10 points
25+ NEW FT employees
20 points
50+ NEW FT employees
25 points
75+ NEW FT employees
40 points
150+ NEW FT employees
60 points
Average Payroll
Average new payroll at 110% of County average
30 points
Average new payroll at 120% of County average
40 points
Average new payroll at 130% of County average
60 points
Investment
Capital investment exceeding $5 million
10 points
Capital investment exceeding $10 million
25 points
Capital investment exceeding $25 million
30 points
Capital investment exceeding $50 million
40 points
Capital investment exceeding $75 million
60 points
Maximum of 100 points
85 to 100 points = 100% for 10 years
65 to 80 points = 85% for 10 years
50 to 60 points = 75% for 10 years
Below 50 points = Minimum abatement level and term
Notwithstanding any provision of § 82.020 to the contrary, no tax abatement shall be granted for a period more than 25 years following the date on which the original Lincoln County Enhanced Enterprise Zone was designated by the Missouri Department of Economic Development.
Unless otherwise noted, the terms in §§ 82.010, 82.020 and 82.030 of this Ordinance shall have the same meanings as stated in RSMo. Section 135.950.
The provisions of this Ordinance shall be severable. In the event that any provision of this Ordinance is found by a court of competent jurisdiction to be unconstitutional, the remaining provisions of this Ordinance are valid unless the Court finds the valid provisions of this Ordinance are so essentially and inseparably connected with, and so dependent upon, the void provision that it cannot be presumed that the Board of Aldermen would have enacted the valid provisions without the void ones or unless the Court finds that the valid provisions, standing alone, are incomplete and incapable of being executed in accordance with the legislative intent.
All ordinances and parts of ordinances in conflict herewith are hereby repealed.
This ordinance shall be in full force and effect from and after the date of its passage.