Establishes the "Missouri Innovation, Public Safety, and Accountability Act"

Summary

The bill establishes "innovation districts" that can be designated by cities without local ordinances and provides a uniform scorecard for property‑tax abatements, tax‑increment financing, and office‑to‑residential credits. It adds tax‑abatement and withholding incentives for new residents, employers that stay or relocate, and for converting buildings to housing. The program is funded only by incremental tax revenue and expires after ten years unless renewed.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share