MO SB843

Repeals and reenacts 48 sections of Missouri law governing delinquent property tax collection, tax lien foreclosure procedures, and land bank agency operations under Chapters 140 and 141

Allows counties with over one million inhabitants to establish land bank agencies by county executive appointment (7-member board with 4-year terms), and municipalities with over 1,500 inhabitants outside such counties may also create land bank agencies

Requires land bank agencies to sell, put to productive use, or show significant progress on acquired properties within 5 years, with mandatory sale or public use within 8 years; properties not meeting deadlines must be offered for public sale

Strengthens notice requirements for tax foreclosure sales in partial opt-in counties, including title searches, mailed notices to interested parties 30 days before sale, posted notices on properties, and attempted in-person notice by the sheriff

Prohibits land bank board members, employees, and their relatives within the second degree from profiting from or owning interests in land bank properties, with violations classified as a Class D felony