Earlier this week, voters across Missouri turned out at the polls to exercise their right to vote. Congratulations to all those who won their primaries! Among the ballot questions on Tuesday was Proposition A, Right to Work, which failed.
As promised, I will continue to summarize Truly Agreed to and Finally Passed (TAFP) bills from this legislative session. This week I will move on to Senate bills.
2018 Truly Agreed to and Finally Passed Bills
SB 564 (Signed by Governor: 6/1/18) – Modifies provisions relating to public utilities
Currently, gas corporations may apply to the Public Service Commission to approve rate schedules authorizing periodic rate adjustments outside of general rate proceedings due to changes in customer usage due to weather and conservation. Under this act, electrical corporations shall also be able to make such application to the Commission. However, no electrical corporation shall make an application to the Commission if such corporation makes certain deferrals as authorized under this act. This provision shall apply to electrical corporations beginning January 1, 2019, and shall expire on January 1, 2029.
SB 568 (Signed by Governor: 7/5/18) – Modifies provisions relating to salaries for certain county officials
This act provides that a county salary commission may increase the base salaries of all county office holders, other than the sheriff and full-time prosecutor, by up to $2,000, so long as the increase in pay applies to all such positions. The salary of the county sheriff may have a base increase of up to $6,000 subject to the approval of the county salary commission. Currently, salary commissions may only meet in odd-numbered years. This act allows the commission to also meet in even-numbered years.
SB 573 (Signed by Governor: 6/1/18) – Modifies several provisions relating to the armed services
This act allows members of the National Guard or reserve components of the Armed Forces of the United States to deduct such military income from his or her Missouri adjusted gross income to determine such taxpayer's Missouri taxable income. The percentage of such income that may be deducted shall be phased in between tax years 2020 and 2024 in twenty percent increments.
SB 581 (Signed by Governor: 7/13/18) – Repeals provisions requiring a landlord to keep security deposits in a trust and authorizes the right to a trial de novo in rent and possession actions
This act provides that in civil actions seeking rent and possession of a property brought by a landlord against a tenant, the aggrieved party has a right to a trial de novo. The act also repeals provisions of law which require a landlord to keep all security deposits in a trust account and prohibits commingling of the security deposit with other funds of the landlord.
SB 590 (Signed by Governor: 6/1/18) – Modifies the Historic Preservation Tax Credit
Currently, the Department of Economic Development (DED) shall not approve tax credits for the rehabilitation of historic structures which, in the aggregate, exceed $140 million, increased by any amount of tax credits for which approval shall be rescinded for any reason. For each fiscal year beginning on or after July 1, 2018, the act reduces the aggregate cap to $90 million.
SB 592 (Signed by Governor: 7/5/18) – Modifies several provisions relating to elections
Currently, cities of the fourth classification may only sell their interest in a municipally-owned utility when ratified by a 2/3 vote. This act lowers the voter-approval threshold for the sale of a water or wastewater system, or a gas plant, by such cities to a majority vote. The Board of Aldermen shall hold a public meeting at least 30 days prior to any such vote. The municipality in question shall notify its customers of the meeting through radio, TV, newspaper, regular mail, e-mail, or any other combination thereof at least 15 days prior to the meeting.
SB 593 (Signed by Governor: 6/22/18) – Enacts provisions relating to financial solvency of insurance companies
This act requires certain insurers and insurance groups to establish an internal audit function. Insurers and groups of insurers who were previously exempt from audit but lose their exemption have one year after the year the threshold was exceeded to come into compliance. This act also repeals the exemption for certain insurance holding companies involved in agricultural operations from certain reporting and examination requirements.
Travel Missouri This Summer: Columbia
It is an honor to serve the 51st District in the Missouri House of Representatives. Each week I will issue a capitol report to keep you informed of activities in Jefferson City. Any concerns or issues you might have are of great interest to me. I look forward to your input and thoughts, so please feel free to contact me at any time if you have questions, concerns, or ideas to improve our state government and the quality of life for all Missourians. My telephone number is 573-751-2204 or you may contact me by email at email@example.com. Thank you for working with me to make Missouri a great place to live.