Bill > SJR12

This joint resolution proposes a constitutional amendment to be voted on in the November 2026 general election or at a special election called by the governor. The amendment would add a new section to Article X of the Missouri Constitution that limits property assessment increases for certain properties. Specifically, the resolution would prevent the assessment value of properties in subclass 1 of class 1 from increasing while the property is located in a subdivision that is immediately adjacent to another subdivision receiving tax abatement. The department of revenue would be required to establish and manage a program to implement this provision. Tax abatement refers to a reduction or temporary elimination of taxes for certain properties, typically to encourage development or support specific economic goals. This resolution aims to provide property owners with some protection against rising property assessments in areas near tax-abated developments.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=286