MO SB795

Establishes a new "Land Tax Collection Law" creating a framework for land bank agencies in Missouri municipalities, allowing them to acquire, manage, and dispose of tax-delinquent real estate.

Land bank agencies can be created by municipalities within counties that have an existing land trust, with a board of commissioners appointed by the county, school district, and establishing municipality.

Land bank agencies acquire property through deemed sales from tax foreclosures, transfers from land trusts, or public auction purchases, with tax exemption during ownership and proceeds from resale distributed to taxing authorities.

Provides land bank agencies broad powers to manage property including design, development, rehabilitation, demolition, and sale, subject to limitations that agencies cannot exercise eminent domain or taxation authority.

Transfers existing land trust property to newly created land bank agencies within one year, with detailed procedures for board governance, annual audits, bond issuance, and eventual dissolution with asset transfer back to the establishing municipality.