SB 1684 creates Missouri's "Residential Sale Leaseback Protection Act" to safeguard homeowners entering sale leaseback deals, where they sell their home but lease it back. The bill requires buyers to provide a clear, single-page disclosure in bold type detailing key risks (like losing home ownership, eviction risks, and credit impacts) and listing recommended advisors. It mandates a 30-day cooling-off period before closing, during which sellers can cancel the agreement in writing without penalty and receive full refunds. Violations carry civil penalties up to $10,000 per incident, with sellers able to pursue damages, fees, and injunctions.
HJR 184 proposes a constitutional amendment to Missouri's Article I, prohibiting state and local government agencies from discriminating against individuals based on race. This amendment would require voter approval in a future election (no later than November 2026) before taking effect. If adopted, it would give the Missouri legislature the authority to create laws enforcing this anti-discrimination provision. The bill directly affects all state agencies, programs, and policies subject to constitutional review, ensuring racial discrimination is barred in government actions.
HB 3167 prohibits institutional investors (like hedge funds or large real estate firms owning over 50 properties nationally) from purchasing covered residential properties - single-family homes, duplexes through quadplexes, or small residential parcels - after August 28, 2026. It creates a state registry to track institutional ownership, empowers the attorney general to enforce the ban through civil penalties (up to $50,000 per property) and void invalid transfers, and requires divestiture of illegally acquired properties. Exemptions include nonprofits, public housing authorities, small local businesses (under 50 units statewide), and financial institutions reselling foreclosed homes within 12 months. The law aims to prioritize affordable housing access by limiting large-scale institutional ownership in residential markets.
HB 3312 establishes a 6-year pilot program that redirects local sales tax revenues from purchases made in one county (seller's county) to the county where the buyer lives (purchaser's county). It directly affects veterans and senior citizens in specific small counties (based on population thresholds) by using redirected funds to eliminate veterans' residential property tax bills and reduce up to 30% of senior citizens' property taxes. The program requires sellers to use a unique transaction code to identify the purchaser's county, with tax revenues collected into a separate trust fund before being distributed monthly to qualifying counties. Counties must use these funds first to replace lost revenue from veterans' tax eliminations, then for senior citizen reductions, with any remaining funds going to general county revenue.
HB 3297 allows residential development in commercial or industrial zones if at least 40% of units are affordable for 30 years, prohibiting local governments from requiring zoning changes or special approvals for such projects. It mandates minimum density and height standards based on existing local rules and permits administrative approval without additional board review. The bill also creates property tax exemptions for qualifying affordable housing: full exemption for households earning ≤80% of median income, and 75% exemption for 80-120% of median income, applicable to new multifamily projects with over 70 units meeting income criteria. These tax benefits require annual applications with income verification and tenant restrictions, effective for tax year 2027.
SB 1694 extends Missouri's Downtown Economic Stimulus Act (MODESA) to support existing downtown redevelopment projects approved before 2013. It allows developers to modify project areas (including noncontiguous zones outside central business districts), extend project timelines to 35 years, and use tax increments (up to 85% of state income tax and sales tax revenue) to fund development costs. The bill directly affects developers of approved projects, municipalities with designated development areas, and the state through new tax increment financing mechanisms. Key changes include removing requirements for new applications, eliminating displacement percentage rules, and enabling expanded project areas without new approval.
HB 3242 sets maximum tax rates for residential property in Missouri: 7% of assessed value for homes within incorporated cities/towns, and 6% for homes in counties outside those areas (or in areas without municipal tax levies). It applies directly to homeowners by capping combined taxes from all local governments (like cities, counties, schools, and districts) on residential property. If total taxes exceed these limits, local officials must proportionally reduce all levies to stay within the cap. The bill does not override Missouri's constitutional tax limits and affects all residential properties subject to multiple local tax authorities.
SB 1053 removes the option for individuals to recover attorney fees when they win discrimination cases against public employers under Missouri's Human Rights Act. This means that if someone sues a government agency, school district, or other public entity for discrimination and wins, they will not be awarded legal costs. The bill specifically targets cases involving public employers, which include state and local government entities covered by the Act. This change modifies the available remedies for plaintiffs without altering the core anti-discrimination protections.
HJR 152 proposes a constitutional amendment to cap annual property tax increases for Missouri homeowners who live in their primary residence. It would limit annual valuation increases to 5% unless the property has undergone new construction/improvements or was recently sold (with the full market value applied at first sale). This applies specifically to residential properties classified as "class 1" under Missouri's tax system. The change would take effect January 1, 2027, and requires voter approval in the 2026 election.
HB 2996, the "Missouri Housing Predictability and Transparency Act," would limit rent increases for tenants renewing residential leases after January 1, 2027. Landlords could raise rent by no more than 7% plus the U.S. inflation rate (CPI) or 10% - whichever is lower - within a year, and must provide tenants 90 days' written notice detailing the new rent, percentage change, and the tenant's right to request proof. The bill excludes new construction (first 15 years), major renovations (25%+ investment), subsidized nonprofit housing, and tenants behind on rent. Tenants could sue for violations, seeking damages, legal fees, and penalties up to three times the illegal rent increase.