MO SB397

Authorizes home rule cities with over 400,000 inhabitants (Kansas City) to establish community improvement districts in first classification counties with 200,000-260,000 inhabitants (Clay County) and fund them through sales and use taxes or real property taxes

Permits districts to impose a sales and use tax of up to 1% upon voter approval, with the tax becoming effective on the first day of the second calendar quarter after the Department of Revenue receives notice

Requires sales tax revenue designated for specific purposes to be deposited into a special trust fund and used solely for that purpose, with remaining funds continuing for the designated purpose after tax expiration

Allows districts to repeal a sales and use tax early by resolution unless doing so would impair the district's ability to repay liabilities, borrowed money, or issued obligations

Expands district powers in blighted areas to include contracting with private property owners to construct (not just demolish, renovate, or rehabilitate) buildings, structures, or improvements