MO HB3156

Projects with costs exceeding $100 million would require voter approval through an election under Chapter 115, with a majority of votes cast by local government voters in favor of the project

Eligible athletic and entertainment facilities must have seating capacity of more than 30,000 and be used to retain Major League Baseball or National Football League franchises in Missouri

Minimum project cost for eligibility is $500 million, with state bond proceeds limited to 50% of total project costs and agreement terms capped at 30 years

Tax credits of 50% are available for contributions to qualifying projects, capped at the lesser of 10% of private investment or $50 million, issued over a maximum of three calendar years

Franchise relocation out of state during the agreement term triggers repayment of all state funds expended, remaining bond debt service, and tax credits issued