MO SB224

Applies to third classification counties without township government having 15,700 to 15,800 inhabitants (targeting Macon County)

County governing body may designate blighted areas in cities or unincorporated areas after holding a public hearing with at least 30 days' notice to affected political subdivisions and 20-30 days' newspaper notice

Blighted area designations expire after 25 years and improvements made after designation may receive ad valorem tax exemptions in whole or part upon county approval

Tax exemption authorization requires a separate public hearing with certified mail notice to political subdivisions and newspaper notice at least 20 days prior, and exemptions cannot exceed 25 years from designation date

Property tax abatement does not affect assessor duties to determine equalized assessed values or reduce payments-in-lieu-of-taxes unless specified in approved municipal plans; provisions apply only to improvements begun after August 28, 2011