Bill > HB1099

This bill modifies provisions related to tax abatements and redevelopment plans, primarily focusing on counties with more than one million inhabitants. The bill requires that before a municipality approves tax abatements for a redevelopment plan or project, it must notify any bordering municipalities outside its jurisdiction. If a bordering municipality objects to the proposed tax abatements, they can provide notice, which triggers a specific review process. The county's commission or governing body must then conduct at least one public hearing where both the bordering municipality and the municipality seeking tax abatements can present their arguments. Following these hearings, the county's commission or governing body must vote to approve or reject the tax abatements within 30 calendar days. Additionally, the bill maintains existing provisions about public hearings for redevelopment areas, requiring notifications to taxing districts, allowing for certain changes to plans, and mandating a two-thirds majority vote if a commission recommends against a project. The bill also continues to restrict tax incremental financing projects to infrastructure improvements like roads, bridges, sewers, and sidewalks, explicitly prohibiting the use of such funds for building construction.

https://house.mo.gov/Bill.aspx?bill=HB1099&year=2025&code=R