This bill's abstract states it "modifies provisions relating to the boards of directors of certain insurance companies," but provides no specific details about the changes, affected companies, or key mechanisms. The available context does not include the bill's actual text, specific provisions, or who would be directly impacted. Without additional information on the nature of the modifications (e.g., director qualifications, oversight requirements), a substantive summary cannot be created. The bill appears procedural, focusing on board governance rules for certain insurers, but concrete policy changes are not described in the provided abstract.
SB 950 - This act modifies several provisions relating to taxation. INDIVIDUAL INCOME TAX For all tax years beginning on or after January 1, 2027, this act reduces the top rate of tax by 0.17%. Such reduction in the top rate of tax shall only occur if one or more institutions is subject to the tax on the endowments of higher education institutions imposed under this act. (Section 143.011) HIGHER EDUCATION ENDOWMENT TAX For all tax years beginning on or after January 1, 2027, this act imposes a tax on the endowments of qualifying institutions of higher education at a rate of 1.9% of the aggregate fair market value of the assets of such endowments. The tax shall apply to the endowments, as defined in the act, of higher education institutions that 1) are affiliated with, or provide medical faculty to, any abortion facility, 2) offer specific medical residencies or fellowships that offer training in performing or inducing abortions, or 3) support in any manner any abortion facility where abortions are performed or induced when not necessary to save the life of the mother. Any institution that becomes a qualifying institution of higher education on or after January 1, 2027, shall remain subject to the tax imposed by the act regardless of whether such institution no longer meets the definition of qualifying institution of higher education as defined in the act. All revenues generated by the endowment tax shall be deposited in the General Revenue Fund. (Section 146.200) This act is identical to HB 3444 (2026), SB 27 (2025), SB 1143 (2024), HB 2114 (2024), SB 290 (2023), SB 892 (2022), HB 1874 (2022), SB 451 (2021), and HB 302 (2021), and is substantially similar to HB 1332 (2023), SCS/SB 574 (2020), and SCS/SB 188 (2019). JOSH NORBERG
SCS/SB 1127 - This act requires the State Treasurer to submit an annual report to the General Assembly detailing each fund established in the state treasury from which a disbursement has not been made during the five year period ending on June thirtieth of such year, and whether or not any remaining moneys in such funds have been transferred to the General Revenue fund pursuant to current law. (Section 33.082) This act also requires any remaining moneys in the following funds to be swept into the General Revenue Fund: 1) the Workers Memorial Fund (Section 8.900), 2) the State Document Preservation Fund (Section 109.005), 3) the MO HealthNet Fraud Prosecution Revolving Fund (Section 191.905), 4) the Coordinating Board for Early Childhood Fund (Section 210.102), 5) the Arrow Rock State Historic Site Endowment Fund (Section 253.092), 6) the Confederate Memorial Park Endowment Fund (Section 253.120), 7) the Missouri Dairy Industry Revitalization Fund (Section 261.275), 8) the Apple Merchandising Fund (Section 265.180), 9) the Agricultural Product Utilization and Business Development Loan Guarantee Fund (Section 348.409), and 10) the Manufactured Housing Consumer Recovery Fund (Section 700.041). This act is identical to provisions in HCS/HB 3090 (2026) and is substantially similar to SB 722 (2025). JOSH NORBERG
HB 3395 extends Missouri's Downtown Economic Stimulus Act (MODESA) to support existing and new downtown redevelopment projects. It allows developers to expand approved projects beyond original boundaries (including noncontiguous areas outside central business districts), extends project obligation terms to 35 years, and increases tax benefits: up to 85% of new income tax revenue from jobs in the project area, plus 85% of new sales tax revenue. This directly affects developers, municipalities with "expansion authorities," and state tax revenue streams by modifying how economic development incentives are applied. The bill removes requirements like proving a project "could not be financed without incentives" and allows reimbursement for costs incurred before approval.
HB 3539 creates a refund program for Missouri residents who paid motor fuel tax on vehicles, directly affecting individuals and businesses that purchased fuel for vehicles registered in Missouri. It establishes two claim methods: a receipt-based refund requiring detailed vehicle and purchase documentation (filed by September 30 annually), or a standard refund applied as a flat amount against income tax (filed by April 15 annually). The standard refund amount increases yearly - $30 for 2026, $45 for 2027, $60 for 2028, and $75+ for 2029 onward - with receipts needed for the detailed option. Refunds are funded by the same motor fuel tax revenue and cannot exceed taxes collected in a given year.
SB 1694 extends Missouri's Downtown Economic Stimulus Act (MODESA) to support existing downtown redevelopment projects approved before 2013. It allows developers to modify project areas (including noncontiguous zones outside central business districts), extend project timelines to 35 years, and use tax increments (up to 85% of state income tax and sales tax revenue) to fund development costs. The bill directly affects developers of approved projects, municipalities with designated development areas, and the state through new tax increment financing mechanisms. Key changes include removing requirements for new applications, eliminating displacement percentage rules, and enabling expanded project areas without new approval.
HB 3518 requires venues and teams to withhold 2% of payments over $300 made to nonresident entertainers (like musicians or actors) and nonresident professional athletes (such as out-of-state sports players). This tax applies to their "personal service income" (salaries, bonuses, etc.) but excludes competition prizes. The collected revenue is allocated for 31 years (through 2030): 60% to the Missouri Arts Council, and 10% each to the Missouri Humanities Council, State Library, and Public Television fund. Starting in 2027, 100% of this tax revenue will directly fund these specific programs instead of the general state budget.
SB 1625 prevents leftover money in two specific state funds from being moved into the general state budget at the end of each two-year budget cycle. It applies to the Highway Patrol Academy Fund (used for training non-patrol peace officers) and the Crime Victims' Compensation Fund (funded by court surcharges and felony judgments). The bill requires that any remaining funds in these accounts must stay dedicated to their original purposes - such as academy operations or victim compensation services - rather than being redirected to general state spending. This ensures these funds continue supporting targeted programs without being absorbed into the broader state budget.
SB 1686 repeals Missouri's "Show-Me Sports Investment Act," which previously allowed the state to provide tax incentives to professional sports teams. The bill ends a program that permitted state funding up to the baseline tax revenue generated by large sports facilities (over 30,000 seats) for Major League Baseball and NFL teams. This directly affects teams like the Kansas City Chiefs or St. Louis Cardinals, removing the mechanism for the state to fund stadium projects based on projected tax revenue from the facility. The repeal eliminates the legal framework for future state financial support tied to sports venue construction or renovation.
SB 1656 removes the state sales tax from eligible food items, meaning groceries and similar products purchased for home consumption will not be taxed at the standard rate. It specifically exempts food that qualifies for federal food stamps (like groceries), but excludes restaurants, fast food, and eateries where food sales make up over 80% of revenue. The bill defines "food" broadly to include vending machine sales but clarifies this exemption does not affect local sales taxes. This policy change directly affects grocery shoppers and retailers selling qualifying food items, while excluding dining establishments. The tax revenue previously collected on these items (at 1%) would no longer be collected under this exemption.
