Bill > SJR75

This joint resolution proposes a constitutional amendment to be submitted to Missouri voters in the November 2026 general election or a special election called by the governor. The amendment would limit property tax assessments for a specific type of property (subclass 1 of class 1) in a legally defined subdivision adjacent to another subdivision receiving tax abatement. Specifically, the property's assessed value would be frozen and not allowed to increase during the time the adjacent subdivision is receiving tax abatement. The state's Department of Revenue would be responsible for creating and managing a program to implement this provision. Tax abatement refers to a reduction or temporary elimination of property taxes as an incentive for development or economic growth, and this resolution aims to protect property owners from potential assessment increases due to nearby tax-advantaged developments.

Budget and Finance

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=668