MO SB890

Implements a 12-month moratorium on authorization of tax credits under sections 100.286 and 135.352, effective upon passage, preventing new tax credit issuances during this period.

Maintains existing provisions allowing tax credits for contributions to development and reserve funds, infrastructure development funds, and export finance funds, with annual authorization capped at $10 million (up to $25 million with joint agreement from three state officials).

Establishes a 12-month moratorium on Missouri low-income housing tax credits, which previously allowed up to $6 million annually for tax-exempt bond financed projects, with credits up to the federal low-income housing tax credit amount.

Allows tax credits already authorized or approved by the board on or before the 30th day following the effective date to continue, protecting projects approved before the moratorium takes effect.

Declares the act an emergency measure due to the need to ensure adequate state funding for necessary services, making it effective immediately upon passage and approval.