Bill > HJR132

This joint resolution proposes a constitutional amendment to exempt buildings under construction from property taxation in Missouri. The proposed amendment would modify Article X of the state constitution by adding a specific provision that defines "under construction" as a building classified as class 1 property that is either not deemed occupied in connection with its construction or where an owner or tenant cannot use the building for its intended purpose due to ongoing construction. The resolution outlines that this exemption would be submitted to voters at the next general election in November 2026 or at a special election called by the governor. The amendment is part of a broader set of property tax exemptions in Missouri, which already include exemptions for state and county properties, nonprofit cemeteries, homesteads of certain disabled veterans, industrial inventories, and personal property used for religious, educational, charitable, agricultural, and veterans' purposes. The resolution also includes provisions for how potential revenue losses from such tax exemptions would be replaced through a countywide tax mechanism, with specific procedures for calculating and distributing replacement revenues among taxing authorities.

Budget and Finance

https://house.mo.gov/Bill.aspx?bill=HJR132&year=2026&code=R