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SB1694 • 2026

Authorizes incentives for downtown redevelopment

Authorizes incentives for downtown redevelopment

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Roberts, Steven; House handler: N/A
Last action
2026-04-22
Official status
Hearing Scheduled S Rules, Joint Rules, Resolutions and Ethics Committee
Effective date
2026-08-28

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-04-22 Missouri House of Representatives and Missouri Senate

    Hearing Scheduled S Rules, Joint Rules, Resolutions and Ethics Committee

  2. 2026-04-16 S1024

    Second Read and Referred S Rules, Joint Rules, Resolutions and Ethics Committee

  3. 2026-02-19 S413

    S First Read

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SB 1694 - This act establishes the "Missouri Downtown and Rural Economic Stimulus Act Extension Act" (MODESAEA).

The act provides that provisions of expired law establishing the Missouri Downtown Rural Economic Stimulus Act (MODESA) are extended.

The act allows development areas and development project areas approved under both MODESAEA and MODESA to be modified. Any debt obligations issued to carry out a development project shall be extended to thirty-five years. One hundred percent of payments in lieu of taxes and eighty-five percent of economic activity taxes generated in relation to an expanded development project shall be used each year of the approved term to support development project costs. An office displacement and retail or restaurant displacement percentage shall not apply to an expanded development project. (Section 99.1260)

The act requires the Department of Economic Development to disburse the state construction income tax increment to support development project costs. Such disbursements shall cease within 180 days of the date on which the Department determines that the construction of the expanded development project is complete and has opened to the public.

The Department shall disburse the residential income tax increment to support development project costs for a period not to exceed thirty-five years. The developer shall elect how to calculate the amount of such disbursement. (Section 620.1265)

A developer shall apply to the Department for approval of an expanded development project, as described in the act. (Section 620.1270)

The act authorizes the Department to promulgate temporary rules that shall expire not later than two years following the publication of the temporary rules. Thereafter, such rules shall be promulgated as provided in current law. (Section 620.1275)
JOSH NORBERG