Missouri Special Session Bills Signed by Governor Kehoe

On Saturday, Governor Mike Kehoe signed into law Senate Bills 1, 3, and 4 after the recent special session he convened for disaster relief, property tax relief, economic development and business retention, and budget initiatives.

SB 1 appropriates $25 million in support to the Missouri Housing Development Commission to provide additional emergency aid to low-income households impacted by severe weather. It also allocates $100 million to the Department of Public Safety for disaster relief, and $50 million for the University of Missouri Cancer Research Reactor (MURR). SB 1 also provides non-general revenue funding for several other critical projects across the state.

SB 3 ensures Missouri remains competitive in retaining major sports teams, the Kansas City Chiefs and the Kansas City Royals, while also delivering targeted tax relief for storm-impacted Missourians and supporting long-term economic growth. SB 3 authorizes the state to partner with the professional sports teams to help finance stadium construction through bond payments and one-time tax credits with built-in protections for taxpayers; creates a tax credit of up to $5,000 for home or renter insurance deductibles incurred due to severe weather damage in a declared disaster area in 2025; updates two different tax credit programs related to amateur sporting events in Missouri; and requires certain counties to ask voters whether to freeze or modestly cap real property tax increases for eligible homeowners.

SB 4 streamlines the delivery of disaster housing relief by allowing the immediate transfer of emergency aid to the Missouri Housing Development Commission when the Governor requests a presidential disaster declaration. SB 4 also expands existing program eligibility from 50 percent to 75 percent of median household income and removes administrative burdens and costs to expedite aid for Missouri families.