Senate Bill No. 891 Summary

• Establishes conflict of interest restrictions for tax credit recipients by prohibiting taxpayers and charitable organizations from receiving credits if they have business relationships with board members or their relatives within the second degree of consanguinity or affinity.

• Imposes political contribution restrictions on tax credit recipients for tax years beginning January 1, 2010 and after, requiring certification that recipients have not contributed to any committee within two years preceding application and prohibiting contributions for two years following credit issuance.

• Modifies the Missouri Housing Development Commission membership structure by changing from a board with the governor, lieutenant governor, state treasurer, and state attorney general to a seven-member appointed body, with five members selected by the governor, one by the house speaker, and one by the senate president pro tem.

• Reduces the quorum requirement for the Missouri Housing Development Commission from six members to five members and lowers the affirmative vote threshold from six to five members for commission actions.

• Adds new subsections 9 and 10 to section 100.286 establishing political contribution restrictions and conflict of interest provisions for development and reserve fund, infrastructure development fund, and export finance fund tax credits.