MO SB49

Changes definition of "project" to replace "other mass transit" with "public mass transportation system" and adds "operation, improvement or infrastructure" to clarify eligible projects

Exempts transportation development districts formed by local transportation authorities to operate public mass transportation systems from the requirement of unanimous property owner approval to add adjacent properties to the district

Exempts public mass transportation system districts from commission approval requirements for projects and establishes separate board appointment procedures where board members are appointed by chief executive officers of local transportation authorities

Creates "Public Mass Transportation Development District Sales Tax Trust Fund" for sales tax revenues from public mass transportation system districts, exempting them from state economic activity tax allocations

Clarifies that property taxes and sales taxes for public mass transportation districts are not considered "payments in lieu of taxes" under economic development provisions and are excluded from tax increment financing allocations