Bill > HB3231

This bill, titled the "Missouri Innovation, Public Safety, and Accountability Act," significantly amends existing Missouri statutes related to economic development and tax incentives. It introduces new provisions and modifies definitions within Chapter 99 (Sections 99.918, 99.919, 99.930, 99.933, 99.936, 99.942, 99.948, 99.951, 99.954, 99.957, 99.960, 99.963, 99.965, 99.968, 99.975, and 99.980) and Chapter 620 (Sections 620.2012, 620.6000 through 620.6033). Key changes include the expansion of the "development area" concept to include "expanded development areas" and corresponding "expanded development projects," allowing for broader application of tax increment financing and other incentives. The bill also introduces the "Missouri Innovation Zone Program" (Sections 620.6000-620.6033), which establishes designated geographic areas within cities to encourage private investment through various state-authorized economic development incentives, including tax credits for new capital investment, resident relocation, employer retention and relocation, office-to-residential conversions, and angel investments. It also creates a "Rural Missouri Development Fund" to support economic development in smaller communities and an "Innovation Zone Public Safety Fund" to reinvest a portion of state tax revenue generated within innovation zones into public safety and infrastructure. The bill aims to streamline development processes, encourage job creation and retention, and promote investment in both urban and rural areas of Missouri.

Budget and Finance, Business and Industry, Government Affairs, Labor and Employment

https://house.mo.gov/Bill.aspx?bill=HB3231&year=2026&code=R