Governor Mike Kehoe has officially signed into law a set of three bills passed during the recent Special Legislative Session, addressing urgent needs related to disaster relief, economic development, property tax reform, and statewide investment initiatives.
The governor praised the Missouri General Assembly for their swift and unified action, stating that the special session was necessary to provide critical support to families, communities, and businesses across the state.
“The stakes were simply too high to delay action,” Kehoe said. “This legislation delivers disaster relief, ensures economic competitiveness, and makes smart investments that will benefit all Missourians.”
SB 1: Emergency Housing and Disaster Response Funding
Senate Bill 1 (SB 1) allocates:
- $25 million to the Missouri Housing Development Commission to offer emergency assistance for low-income families affected by severe storms.
- $100 million to the Department of Public Safety for statewide disaster recovery efforts.
- $50 million to the Department of Higher Education and Workforce Development for the University of Missouri, specifically for the development of a Radioisotope Science Center at the MU Research Reactor.
SB 3: Tax Relief and Economic Incentives
Senate Bill 3 (SB 3) aims to keep Missouri competitive in attracting and retaining major sports teams, while also offering:
- Property tax credits for storm-damaged properties
- The Show-Me Sports Investment Act
- Tax incentives for hosting sporting events
- Authorization for certain counties to ask voters to freeze or cap real property tax increases
These measures are designed to support long-term economic growth, encourage investment, and provide financial relief to affected residents.
SB 4: Faster Access to Disaster Housing Aid
Senate Bill 4 (SB 4) streamlines the process for delivering emergency housing assistance by:
- Allowing immediate transfers of emergency funds to the Missouri Housing Development Commission when a presidential disaster declaration is requested.
- Expanding income eligibility from 50% to 75% of the median household income.
- Reducing administrative delays and costs, accelerating aid for families in need.
Governor Mike Kehoe’s approval of three major Special Session bills demonstrates Missouri’s commitment to swift disaster recovery, taxpayer support, and economic resilience.
With nearly $175 million in targeted funding, tax credits for storm-impacted households, and legislation to boost investment and job retention, these measures strengthen Missouri’s foundation for long-term growth.
By enhancing disaster response, offering financial stability, and investing in infrastructure and education, the state is ensuring communities can recover and thrive in the face of future challenges.