SB 1410: Modifies provisions relating to property taxes - Missouri

4/28/2026 - SA 3 to SS for SCS S offered & adopted (Beck)--(5988S17.03S) 4/28/2026 - Adopted → 4/28/2026 - SA 4 to SS for SCS S offered & adopted (Brown-26)--(5988S17.05S) 4/28/2026 - Adopted · 5 edits

MODERATE

The bill was amended to completely replace the original text, shifting focus from creating a new school facility funding program to redefining property tax classifications. The new version establishes specific definitions for 'residential property' and 'agricultural and horticultural property' to determine tax exemptions, while removing all provisions related to a school commission, funding partnerships, and project approval processes.

Scope change

The bill's scope changed from establishing a new state funding mechanism for school facilities to defining how different types of property are classified for tax purposes under the Missouri Constitution.

SCOPE

Deleted all provisions creating the 'Missouri Commission on Academic Facilities' and its responsibilities for approving school projects.

FISCAL

Removed the creation of the 'Missouri academic facilities partnership fund' and rules for state cost-sharing with school districts.

DEFINITION

Added a new definition for 'residential property' that includes specific exclusions for short-term rentals and time-share units.

Added a new definition for 'agricultural and horticultural property' that includes sawmills, urban gardens, and reliever airports.

ELIGIBILITY

Changed the bill's purpose from reducing school district debt to clarifying tax exemptions for residential and agricultural land.

4/28/2026 - SA 2 to SS for SCS S offered & adopted (Beck)--(5988S17.01S) 4/28/2026 - Adopted → 4/28/2026 - SA 3 to SS for SCS S offered & adopted (Beck)--(5988S17.03S) 4/28/2026 - Adopted · 5 edits

MODERATE

The bill was amended to replace a technical reporting requirement with a comprehensive new program called the 'Missouri Taxpayer Debt Relief and School Facilities Act'. This change shifts the focus from simply reporting tax credit data to actively creating a new commission that will evaluate and fund school facility projects, aiming to reduce local property tax burdens.

Scope change

The bill's scope expanded from a single reporting instruction to a full legislative framework establishing a new state commission and funding mechanism for school construction and repairs.

REQUIREMENT

A new commission, the Missouri Commission on Academic Facilities, is established to administer the program and make rules for project evaluation.

The original requirement for district secretaries to report specific property tax credit amounts in a state report was removed.

FISCAL

The bill creates a mechanism for state financial participation in school district projects, replacing the previous requirement to report on existing tax credits.

DEFINITION

New definitions were added to clarify terms like 'academic facility', 'fiscal capacity', and 'immediate repair project' to guide the commission's work.

SCOPE

The bill now explicitly aims to lower bonded indebtedness and property tax levies for school districts needing capital improvements.

4/28/2026 - SA 1 to SS for SCS S offered & adopted (Hudson)--(5988S17.17S) 4/28/2026 - Adopted → 4/28/2026 - SA 2 to SS for SCS S offered & adopted (Beck)--(5988S17.01S) 4/28/2026 - Adopted · 3 edits

MINOR

The bill was amended to replace a detailed definition of a property tax credit for seniors aged 62 and older with a new requirement for district secretaries to report the total amount of credits authorized under existing sections. The substantive policy provisions defining who qualifies for the credit and how it is calculated were removed from this amendment.

Scope change

The amendment's scope shifted from establishing new eligibility criteria and credit mechanics to mandating a specific reporting requirement for existing credit programs.

ELIGIBILITY

Definitions for 'eligible taxpayer' (seniors 62+) and 'eligible credit amount' were deleted.

REQUIREMENT

Procedures for counties to adopt ordinances or referendums to grant the tax credit were removed.

A new requirement was added for district secretaries to include a report on total property tax credits authorized by existing sections in their annual reports starting January 1, 2027.

4/28/2026 - SS for SCS S offered (Crawford)--(5988S.17F) 4/28/2026 - Adopted, as amended → 4/28/2026 - SA 1 to SS for SCS S offered & adopted (Hudson)--(5988S17.17S) 4/28/2026 - Adopted · 5 edits

MODERATE

This amendment adds a new property tax credit for Missouri residents aged 62 and older, shielding them from increases in their home's tax liability. Counties can offer this credit either by passing an ordinance or through a voter referendum. The credit is calculated based on the difference between the taxpayer's current tax bill and their bill in their first year of eligibility, ensuring they do not pay more than they did when they first qualified.

Scope change

The bill's scope expands from repealing existing tax sections to introducing a specific new benefit for senior citizens, applicable only in counties that choose to adopt the credit.

ELIGIBILITY

Creates a new property tax credit for Missouri residents aged 62 or older who own and occupy a homestead.

DEFINITION

Defines key terms including 'eligible credit amount' (the difference between current and initial tax liability), 'eligible taxpayer', and 'homestead'.

REQUIREMENT

Requires counties to adopt the credit via ordinance or a voter referendum, with specific ballot language provided for the referendum option.

FISCAL

Establishes that the total amount of credits granted by a county counts as 'tax revenue' for the purpose of calculating overall tax levy limits.

TIMELINE

States that once a taxpayer qualifies, they do not need to reapply annually; the credit applies automatically until they move or pass away.

5988S.17P - Perfected → 4/28/2026 - SS for SCS S offered (Crawford)--(5988S.17F) 4/28/2026 - Adopted, as amended · 3 edits

MINOR

The bill was significantly amended to remove the repeal of Section 137.016, which defines 'residential property,' and to reduce the total number of new sections enacted from sixteen to eleven. A new Section 137.067 was added to require ballot measures on residential property taxes to express the tax impact in real dollars per $100,000 of valuation. These changes ensure the legal definitions for property tax classifications remain intact and improve voter clarity on tax increases.

Scope change

The bill's scope was narrowed by removing the repeal of the residential property definition section, meaning that definition remains in effect. The scope of enacted new sections was reduced from sixteen to eleven.

DEFINITION

The repeal of Section 137.016 was removed, meaning the legal definitions for residential, agricultural, and other property types are no longer being deleted by this bill.

REQUIREMENT

A new requirement was added mandating that ballot measures for residential property tax changes must state the dollar impact per $100,000 of property value.

TECHNICAL

The total count of new sections being enacted was reduced from sixteen to eleven, and the bill's header was updated to reflect the Senate Substitute status.

5988S.07C - Senate Committee Substitute → 5988S.17P - Perfected · 5 edits

MODERATE

The bill was perfected by updating its title to reflect the removal of additional tax-related statutes and the addition of a new severability clause. The core content was significantly expanded to include a new section on ballot measure labeling and updated definitions for 'residential property' and 'agricultural property' to clarify what is taxed and exempted.

Scope change

The bill's scope of repeal was expanded to include six additional statutes, and the scope of the new law was expanded to include sixteen new sections covering ballot labeling and property definitions.

REQUIREMENT

Added a new requirement that election authorities must label ballot measures relating to taxation using only numerical or alphabetical designations, prohibiting descriptive labels.

DEFINITION

Modified the definition of 'residential property' to explicitly include single-family homes leased for less than thirty consecutive days, provided the owner does not exceed fifteen such properties.

Added a new definition for 'urban and community gardens' to clarify that gardens cultivated by residents for neighborhood use are considered agricultural property, while those for personal use are not.

Modified the definition of 'agricultural and horticultural property' to explicitly include reliever airports and sawmill or planing mills.

TECHNICAL

Added a severability clause to ensure that if any part of the new law is found unconstitutional, the rest of the bill remains in effect.

5988S.01I - Introduced → 5988S.07C - Senate Committee Substitute · 6 edits

MODERATE

The bill was expanded from a single property tax provision to a comprehensive package repealing six sections and enacting six new ones. The new text shifts focus from allowing counties to offer optional installment payment plans to establishing strict, standardized rules for how assessors must notify property owners of valuation increases and projected tax bills. It mandates specific notice timelines, requires detailed information about tax rates and levies in the notification, and sets deadlines for appeals.

Scope change

The bill's scope significantly expanded from a single optional payment plan for counties to a broad set of mandatory notification and appeal procedures applicable to all counties, with specific additional requirements for large charter counties.

REQUIREMENT

Added mandatory requirements for assessors to notify property owners of valuation increases by a specific deadline (June 15th) and include projected tax liability details.

Added a requirement that county notices of projected tax liability must include specific data points, such as the owner's name, parcel number, a list of taxing entities, and projected tax rates.

Removed the previous provision that allowed county governing bodies to create optional ordinances for annual, semiannual, or quarterly property tax payments.

Added a requirement for assessors in large charter counties to provide website addresses and contact information for taxpayers to access assessment method details.

TIMELINE

Established a phased implementation timeline, with different rules applying to years before and after the receipt of new software from the state tax commission, and additional rules effective January 1, 2011.

ELIGIBILITY

Modified the applicability of the bill to include specific conditions for large charter counties (over one million inhabitants) regarding the provision of assessment method information.

Modifies provisions relating to property taxes

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