There
is hereby established the Eastern Clay County Enhanced Enterprise
Zone Abatement Policy which provides for the granting of an abatement
of ad valorem taxes otherwise imposed by any political subdivision
of this State or municipality thereof, including, but not limited
to, Clay County, any special or other school district, any sewer district,
fire district, zoo-museum district or cultural district, or any other
special district or public entity whatsoever that levies or collects
ad valorem taxes on real property, on subsequent improvements to real
property located in the City and within the Zone, subject to the terms
and conditions set forth in this Section. The members of the Eastern
Clay County Enhanced Enterprise Zone have determined that the percentage
of abatement of ad valorem taxes shall be the responsibility of each
governing authority having jurisdictions within the Eastern Clay County
Enhanced Enterprise Zone. The members including the Cities of Excelsior
Springs, Kearney, Mosby and Prathersville and a portion of unincorporated
Clay County have initially established an abatement level of fifty
percent (50%) of the ad valorem taxes otherwise imposed by any political
subdivision of this State on subsequent improvements to real property.
Qualifying improvements must be used for industries or clusters of
industries eligible under Section 135.950(9)(b), RSMo., and identified
at the discretion of each governing authority having jurisdiction
within the Eastern Clay County Enhanced Enterprise Zone as an Enhanced
Business Enterprise. The City of Excelsior Springs has designated
that industries with NAICS Codes 311 (Food Manufacturing), 312 (Bottled
Water Manufacturing/Winery), 326 (Plastics and Rubber Products Manufacturing),
332 (Fabricated Metal Product Manufacturing), 334 (Computer &
Electronic Product Manufacturing), 336 (Transportation Equipment Manufacturing),
337 (Furniture and Related Product Manufacturing), 423 (Merchant Wholesaler,
Durable Goods), 493 (Warehouse & Storage), 541 (Professional,
Scientific & Technical Services), or 721 (Accommodation) as Enhanced
Business Enterprises within the City limits of Excelsior Springs;
The City of Kearney has designated that industries with NAICS Codes
311 (Food Manufacturing), 326 (Plastics and Rubber Products Manufacturing),
332 (Fabricated Metal Product Manufacturing), 334 (Computer &
Electronic Product Manufacturing), 424 (Merchant Wholesaler Non-durable
goods), or 541 (Professional, Scientific & Technical Services)
as Enhanced Business Enterprises within the City limits of Kearney;
and the City of Mosby has designated that industries that employ residents
of the Eastern Clay County Enhanced Enterprise Zone and have NAICS
Codes 324121 (Asphalt Paving Materials and Block Manufacturing) or
423 (Merchant Wholesalers, Durable Goods) as Enhanced Business Enterprises
within the City limits of Mosby. The following NAICS sectors are specifically
excluded: retail trade (NAICS sectors 44 and 45); Educational Services
— 61; Gaming (NAICS 7132); food and drinking places (NAICS subsector
722); Religious organizations (NACIS industry group 8131); and Public
administration (NAICS sector 92); and provided further that service
industries may be eligible only if a majority of the annual revenues
will be derived from services provided out of the State. Qualifying
improvements shall remain fifty percent (50%) exempt from ad valorem
taxes for a period of not less than ten (10) years following the date
such improvements are first assessed, but in any event no later than
twenty-five (25) years following the date of the original designation
of the Eastern Clay County Enhanced Enterprise Zone.