MO SB684

Imposes a twelve-month moratorium on authorization of new tax credits under sections 100.286 (development and reserve fund), 135.352 (low-income housing tax credits), and 253.550 (historic rehabilitation tax credits) beginning on the effective date of the act.

Allows previously approved projects to continue: tax credits may be authorized for projects approved by the board on or before the thirtieth day following the act's effective date, and taxpayers may continue to redeem such credits.

Maintains existing annual caps on tax credit authorization during the moratorium period: $10 million for development/reserve fund credits, $6 million for low-income housing credits, and $140 million for historic rehabilitation credits.

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.