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Missouri Senate expands downtown redevelopment tax credits and creates Innovation Zone incentives under SB 1694
Original title: Authorizes incentives for downtown redevelopment
Last action · May 15, 2026: H Informal Calendar Senate Bills for Third Reading (HCS) (In Fiscal Review)Sponsors: Steve Roberts and 2 others
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What This Bill Would Do
Senate Bill 1694 expands the Missouri Downtown and Rural Economic Stimulus Act by extending project durations up to 30 years, broadening local financing mechanisms, and establishing the Missouri Innovation, Public Safety, and Accountability Act to offer tax credits for office-to-residential conversions, angel investments, and job retention.
Why it matters
Property developers, municipalities, and businesses seeking state tax incentives face modified eligibility criteria, longer investment windows of up to 30 years, and new compliance requirements administered by the Department of Economic Development starting in tax year 2027.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Directly affected
Property developers
Developers gain access to expanded tax increment financing, longer project durations up to 30 years, and new office-to-residential conversion tax credits.
Directly affected
Municipalities
Cities are authorized to apply for innovation zone designations, establish one-stop review shops, and capture expanded local economic activity taxes.
Directly affected
Investors in qualified Missouri businesses
Investors become eligible for angel investment tax credits ranging from 40% to 60% of their investment beginning in tax year 2027.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the maximum duration for redevelopment incentives under this bill?
Projects may receive benefits and repay project costs and obligations for up to 30 years.
What are the capital investment thresholds required to qualify for Missouri Works tax credits under Section 620.2012?
Qualified companies must expend at least $30 million in a certified Missouri innovation zone or $50 million outside a certified zone within two years of submitting a notice of intent.
How much is the office-to-residential conversion tax credit?
The credit equals 25% of for a converted building or upper-floor housing located in an innovation zone or main street district, or 30% specifically for upper-floor housing as described in the act.
What else do you want to know?
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Votes, people, money & the original sourceWhere This Stands
Currently passed chamber. The next step in the legislative lifecycle is Law.
Procedural history
28 actions- May 15, 2026HouseFloorH Informal Calendar Senate Bills for Third Reading (HCS) (In Fiscal Review)
- May 14, 2026HouseBill Placed on H Informal Calendar
- May 14, 2026HouseExecutive Session Action postponed H Fiscal Review
- May 12, 2026HouseCommitteeReferred H Rules - Legislative
- May 12, 2026HouseHearing Conducted H Rules - Legislative
- May 12, 2026HouseCommitteeHCS Voted Do Pass H Rules - Legislative
Show 22 earlier actions
- May 12, 2026HouseCommitteeHCS Reported Do Pass H Rules - Legislative
- May 12, 2026HouseCommitteeReferred H Fiscal Review Committee
- May 11, 2026HouseCommitteeReferred H Rules - Legislative
- May 8, 2026HouseFloorH Second Read
- May 7, 2026HouseIntroducedH First Read
- May 6, 2026SenateCommitteeVoted Do Pass S Fiscal Oversight Committee
- May 6, 2026SenateReported from S Fiscal Oversight Committee
- May 6, 2026SenateFloorS Third Read and Passed
- May 5, 2026SenateSA 1 to SS for SCS S withdrawn
- May 5, 2026SenateSA 2 to SS for SCS S offered & defeated (Moon)--(7297S05.04S)
- May 5, 2026SenateFloorSS for SCS S adopted
- May 5, 2026SenatePerfected
- May 5, 2026SenateReported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee
- May 5, 2026SenateCommitteeReferred S Fiscal Oversight Committee
- Apr 29, 2026SenateSS for SCS S offered (Gregory-15)--(7297S.05F)
- Apr 29, 2026SenateSA 1 to SS for SCS S offered (Webber)--(7297S05.01S)
- Apr 29, 2026SenateBill Placed on Informal Calendar
- Apr 23, 2026SenateReported from S Rules, Joint Rules, Resolutions and Ethics Committee w/SCS
- Apr 22, 2026SenateHearing Conducted S Rules, Joint Rules, Resolutions and Ethics Committee
- Apr 22, 2026SenateCommitteeSCS Voted Do Pass (w/SCS SBs 1694 & 1688) Rules, Joint Rules, Resolutions and Ethics Committee (7297S.03C)
- Apr 16, 2026SenateFloorSecond Read and Referred S Rules, Joint Rules, Resolutions and Ethics Committee
- Feb 19, 2026SenateIntroducedS First Read
Version history & redline
5 versions on fileComparing 4/29/2026 - SS for SCS S offered (Gregory-15)--(7297S.05F)
5/5/2026 - Adopted → 7297S.05P - Perfected
removed addedOfficial text
removed: 7297S.05F
1
SENATE SUBSTITUTE
FOR
SENATE COMMITTEE SUBSTITUTE
FOR
SENATE BILLS NOS. 1694 & 1688
AN ACT
To repeal sections 99.918, 99.919, 99.930, 99.933,
99.936, 99.942, 99.948, 99.951, 99.954, 99.957,
99.960, 99.963, 99.965, 99.968, 99.975, and 99.980,
RSMo, and to enact in lieu thereof sixteen new
sections relating to incentives for downtown
redevelopment.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Sections 99.918, 99.919, 99.930, 99.933, 99.936, 99.942, 99.948, 99.951, 99.954, 99.957, 99.960, 99.963, 99.965, 99.968, 99.975, and 99.980, RSMo, are repealed and sixteen new sections enacted in lieu thereof, to be known as sections 99.918, 99.919, 99.930, 99.933, 99.936, 99.942, 99.948, 99.951, 99.954, 99.957, 99.960, 99.963, 99.965, 99.968, 99.918. As used in sections 99.915 to 99.980, unless the context clearly requires otherwise, the following terms shall mean: (1) "Authority", the downtown economic stimulus authority for a municipality, created pursuant to section 99.921; (2) "Baseline year", the calendar year prior to the adoption of an ordinance by the municipality approving a development project or an expanded development project, as applicable; provided, however, if economic activity taxes or state sales tax revenues, from businesses other than any out- of-state business or businesses locating in the development project area or expanded development project area, as applicable, decrease in the development project area or expanded development project area, as applicable, in the year following the year in which the ordinance approving a development project or an expanded development project, as applicable, is approved by a municipality, the baseline year may, at the option of the municipality approving the development project or an expanded development project, as applicable, be the year following the year of the adoption of the ordinance approving the development project[. When a development project area is located 111,408 more removed characters - read the previous versionadded: EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted
and is intended to be omitted in the law.
SECOND REGULAR SESSION
[PERFECTED]
SENATE SUBSTITUTE FOR
SENATE COMMITTEE SUBSTITUTE FOR
SENATE BILLS NOS. 1694 & 1688
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATORS ROBERTS, GREGORY (15) AND MAY.
7297S.05P KRISTINA MARTIN, Secretary
AN ACT
To repeal sections 99.918, 99.919, 99.930, 99.933, 99.936, 99.942, 99.948, 99.951, 99.954, 99.957,
99.960, 99.963, 99.965, 99.968, 99.975, and 99.980, RSMo, and to enact in lieu thereof
sixteen new sections relating to incentives for downtown redevelopment.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Sections 99.918, 99.919, 99.930, 99.933, 99.936, 99.942, 99.948, 99.951, 99.954, 99.957, 99.960, 99.963, 99.965, 99.968, 99.975, and 99.980, RSMo, are repealed and sixteen new sections enacted in lieu thereof, to be known as sections 99.918, 99.919, 99.930, 99.933, 99.936, 99.942, 99.948, 99.951, 99.954, 99.957, 99.960, 99.963, 99.965, 99.968, 99.918. As used in sections 99.915 to 99.980, unless the context clearly requires otherwise, the following terms shall mean: (1) "Authority", the downtown economic stimulus authority for a municipality, created pursuant to section 99.921; (2) "Baseline year", the calendar year prior to the adoption of an ordinance by the municipality approving a development project or an expanded development project, as applicable; provided, however, if economic activity taxes or state sales tax revenues, from businesses other than any out- of-state business or businesses locating in the development project area or expanded development project area, as applicable, decrease in the development project area or expanded development project area, as applicable, in the year following the year in which the ordinance approving a development project or an expanded development project, as applicable, is approved by a municipality, the baseline year may, 114,131 more added characters - read this versionof the expanded development area to which it will limit itself in its application or applications to the department. The submission shall include the
[…]
Redline computed from the official version text (record lane).View this version →
Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
OrganizationMissouri Technology Corporation“Corporation administering angel investment tax credits and designating qualified”Map →
OrganizationDepartment of Economic Development“State department administering innovation zones, tax credits, and economic incen”Map →
Sources
Open source document
www.senate.mo.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy45Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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