LOCAL PROGRAMS:

Chapter 100 Revenue Bonds

The City of Blue Springs has the ability to issue tax-exempt revenue bonds that can be used to construct or purchase buildings, machinery, and equipment. The use of these bonds also provides the ability to abate a percentage of real and personal property tax. These bonds also provide a sales tax exemption for eligible purchases.

Investment Tax Credits

The Company's investment and creation of new employment qualifies under the State of Missouri's Investment Tax Credit Act. These additional credits will be applied to any increase in either employment or capital investment. When applied towards an already low corporate income tax rate, the company can realize the potential for additional savings over the existing tax burden.

353 Redevelopment Corporation

The City of Blue Springs has adopted an incentive policy, which allows for the use of 353 Redevelopment Corporations to attract and support location. This flexible development tool allows for 100% tax abatement for up to 10 years.

STATE PROGRAMS:

Tax Increment Financing

The purpose of the Tax Increment Financing (TIF) is to stimulate redevelopment of projects by diverting property tax revenues that result from improvements to eligible redevelopment areas.

Neighborhood Preservation Act

The Neighborhood Preservation Act provides an incentive to rehabilitate owner-occupied homes. A tax credit will be given to a homeowner or developer that constructs a new home that will be owner-occupied.

Historic Preservation Tax Credit Program

The program provides state tax credits for 25 percent of eligible costs and expenses of the rehabilitation of approved historic structures - commercial and residential - incurred after January 1, 1998.