Missouri legislation · 2026 Regular Session
Missouri HB3395: Provides incentives for expanded downtown redevelopment projects approved by DNR
Status: In committee, May 7, 2026
What the bill says
A resolution or ordinance adopting development financing for a development project area or expanded development project area, as applicable, pursuant to subsection 1 of this section, the county assessor shall determine the total equalized assessed value of all taxable real property within such development project area or expanded development project area, as applicable, by adding together the most recently ascertained equalized assessed value of each taxable lot, block, tract, or parcel of real property within such development project area or expanded development project area, as applicable, a.
From the amended text:
a resolution or ordinance adopting development financing for a development project area or expanded development project area, as applicable, pursuant to subsection 1 of this section, the county assessor shall determine the total equalized assessed value of all taxable real property within such development project area or expanded development project area, as applicable, by adding together the most recently ascertained equalized assessed value of each taxable lot, block, tract, or parcel of real property within such development project area or expanded development project area, as applicable, as of the date of the adoption of such resolution or ordinance and shall provide to the clerk of the municipality written certification of such amount as the total initial equalized assessed value of the taxable real property within such development project area or expanded development project area, as applicable. 3. In each of the twenty-five calendar years following the adoption of an ordinance adopting development financing for a development project area or expanded development project area, as applicable, pursuant to subsection 1 of this section unless and until development financing for such development project area or expanded development project area, as applicable,is terminated by ordinance of the municipality, the ad valorem taxes, and payments in lieu of taxes, if any, arising from the levies upon taxable real property in such development project area …