HB 3297 allows residential development in commercial or industrial zones if at least 40% of units are affordable for 30 years, prohibiting local governments from requiring zoning changes or special approvals for such projects. It mandates minimum density and height standards based on existing local rules and permits administrative approval without additional board review. The bill also creates property tax exemptions for qualifying affordable housing: full exemption for households earning ≤80% of median income, and 75% exemption for 80-120% of median income, applicable to new multifamily projects with over 70 units meeting income criteria. These tax benefits require annual applications with income verification and tenant restrictions, effective for tax year 2027.
HB 3237 directs municipalities collecting tourism taxes to deposit 75% of proceeds into an "Infrastructure Account" for building/maintaining tourism-related facilities like roads, parks, and sports venues (including indoor facilities), and 25% into a "Tourism Promotion Account" for marketing. It requires that tourism tax funds be kept separate from general municipal funds and cannot be commingled. The bill also specifies that if existing bonds were issued for infrastructure before 1997, a portion of the 75% must instead fund debt retirement. Municipalities must seek voter approval before implementing or expanding these tourism taxes.
HB 3372 requires port authorities to include specific terms in development agreements with the federal government for incentivized projects. It mandates one of three options: immediate buyout payments covering future tax obligations, community benefit payments to local governments for at least five years (plus additional funds to offset lost benefits), or approval resolutions from affected municipalities or counties. These provisions directly affect port authorities, federal project partners, and local governments receiving community benefits. Failure to include these terms creates a legal lien against the property and makes the agreement voidable by the port authority.
SB 1688 extends Missouri's Downtown Economic Stimulus Act (MODESA) to allow existing approved development projects (like those in Kansas City and St. Louis) to expand their incentives. It authorizes up to 85% of new state income and sales tax revenue generated in designated development areas to fund project costs, and extends project timelines to 35 years for tax obligations and payments in lieu of taxes. The bill removes previous requirements like displacement percentage limits and proof that projects couldn't be financed without state incentives. This directly affects developers and municipalities with approved MODESA projects that were previously unable to secure new approvals after 2013.
HB 3392 exempts farmers and ranchers purchasing dyed diesel fuel for agricultural use from needing to file a Form 149 sales tax exemption certificate. The bill specifically applies to dyed diesel fuel sold at retail pumps designated for off-road use (like farm equipment), which is clearly marked as such. Retailers selling this fuel are no longer required to collect or maintain physical exemption certificates for these transactions. This change simplifies tax compliance for agricultural diesel purchases under existing sales tax rules.
HB 3231 establishes Missouri's "Innovation District Program," allowing cities to voluntarily designate specific downtown or main street areas as innovation districts to access state economic development incentives. Participating cities must submit a master plan outlining district boundaries, infrastructure needs, and how incentives will be used, which the state must approve within 45 days. The bill provides standardized state tax breaks (like income tax exemptions and opportunity zones) and local incentives (such as property tax abatements) for qualifying projects within designated districts, evaluated using a uniform "master scorecard." It ensures these incentives apply automatically to eligible projects without local restrictions but explicitly states cities cannot be forced to join and local zoning authority remains intact.
HB 3236 creates a sales tax exemption for building supplies used in constructing unattached single-family homes within participating counties or municipalities. It directly affects homebuilders and homeowners in jurisdictions that opt into the program, limiting the exemption to purchases under $250,000 per home. To qualify, a county or municipality must pass an ordinance to join the program, and homebuilders must obtain a department of revenue exemption letter confirming eligibility. The exemption applies only to construction of single-family homes, not attached dwellings, and runs from January 1, 2027, through 2031.
HB 3543 allows Missouri counties to create a property tax exemption for disabled veterans' primary homes starting in 2027. It defines "disabled veteran" as a Missouri resident with a service-connected disability (100% disabled or compensating for unemployability) who owns and occupies their home. The exemption covers up to $32,500 or the federal maximum amount of property tax, and it extends to surviving spouses or minor children who continue living in the home. Counties must seek voter approval for a replacement sales tax to offset lost revenue before implementing the exemption.
HB 3329 restructures how Missouri administers four economic development funds: the Industrial Development and Reserve Fund, Industrial Development Guarantee Fund, Export Finance Fund, and Jobs Now Fund. It specifies eligible funding sources (like state appropriations, bond proceeds, grants, and repayments), requires funds to be kept separate from state treasury money, and mandates that $12 million annually be allocated to the Jobs Now Fund from increased state revenue. The bill directly affects businesses applying for loans or grants through these funds and economic development agencies managing them. Key provisions include rules for fund investments, separate account creation, and the board’s authority to issue revenue bonds and manage disbursements under sections 100.250-100.297.
SB 1553 authorizes financial incentives, such as tax credits or grants, for companies producing specific critical materials (e.g., minerals for clean energy technology) and certain pharmaceuticals. It directly affects domestic manufacturers in these sectors by potentially lowering production costs through government support. The bill's key mechanism is creating these targeted financial benefits to encourage increased domestic manufacturing capacity. Currently pending in the Senate Economic and Workforce Development Committee after initial readings.
