Provides incentives for expanded downtown redevelopment projects approved by DNR

HB 3395 extends Missouri's Downtown Economic Stimulus Act (MODESA) to support existing and new downtown redevelopment projects. It allows developers to expand approved projects beyond original boundaries (including noncontiguous areas outside central business districts), extends project obligation terms to 35 years, and increases tax benefits: up to 85% of new income tax revenue from jobs in the project area, plus 85% of new sales tax revenue. This directly affects developers, municipalities with "expansion authorities," and state tax revenue streams by modifying how economic development incentives are applied. The bill removes requirements like proving a project "could not be financed without incentives" and allows reimbursement for costs incurred before approval.