99.975.  Application approvals, limitations. — 1.  No new applications for a development area, development plan, or development project made pursuant to sections 99.915 to 99.980 shall be approved after January 1, 2013, and before August 28, 2026.

  2.  On or after August 28, 2026, the department may approve up to four new applications for a development area, development plan, or development project from a municipality.  The department shall consider parity based on geography of the state in making determinations on applications pursuant to this subsection.  No new application for a development area, development plan, or development project shall be approved after December 31, 2032.

  3.  Prior to December 31, 2006, the Missouri development finance board may approve up to two applications made pursuant to sections 99.915 to 99.980 for a development project in which the state sales tax increment for such projects approved pursuant to the provisions of this subsection shall be up to one-half of the incremental increase in all sales taxes levied pursuant to section 144.020.

  4.  No new applications for expanded development projects made pursuant to sections 99.915 to 99.980 shall be approved after January 1, 2037.

  5.  No later than December 31, 2030, a municipality eligible to apply to the department for other net new revenues for an expanded development area under section 99.960 must submit to the department a map or other documentation identifying the bounds of the expanded development area to which it will limit itself in its application or applications to the department.  The submission shall include the projected locations of the possible expanded development project areas and a list of possible expanded development projects, along with any potential amendments to a development area that may be sought in conjunction with an expanded development project.  The municipality shall be limited to inclusion in any application to the department under section 99.960 to the expanded development area identified to the department no later than December 31, 2030.

  6.  The incremental increase for an existing facility shall be the amount of all state sales taxes generated pursuant to section 144.020 at the facility in excess of the amount of all state sales taxes generated pursuant to section 144.020 at the facility in the baseline year.  The incremental increase in development project areas or expanded development project areas, as applicable, where the baseline year is the year following the year in which the development project or expanded development project, as applicable, is approved by the municipality pursuant to subdivision (2) of section 99.918 shall be the state sales tax revenue generated by out-of-state businesses relocating into a development project area or expanded development project area, as applicable.  The incremental increase for a Missouri facility which relocates to a development project area or expanded development project area, as applicable, shall be the amount by which the state sales tax revenue of the facility exceeds the state sales tax revenue for the facility in the calendar year prior to relocation.