Missouri Governor Mike Parson signs loan reform and other bills
JEFFERSON CITY – Governor Mike Parson enacted a series of bills on Tuesday, June 29, including one reforming a state loan program designed to reduce utility costs and reduce climate impact.
The legislation, Bill 697, strengthen protections for borrowers and companies using the Property Assessed Clean Energy program, which a ProPublica survey this year revealed homeowners in predominantly black neighborhoods risk losing their homes. Weeks after its publication, a bill to reform the program, sponsored by Rep. Bruce DeGroot, a Republican from Ellisville, was passed by both houses with few dissenting votes.
Those who borrow using the program will now receive full information about the risk and impact of their loan, as well as the possibility of foreclosure if they don’t pay. Residents will also be limited on the amount they can borrow using the program depending on the value of the home and other debts.
Senate bills 153 and 97, signed by Parson in a ceremony on Capitol Hill on June 30, imposes a tax on Internet sales shipped into the state from businesses located out of state. The measure is commonly referred to as the “Wayfair Tax,” in reference to the online furniture retailer, and includes reductions in sales tax on income.
“This law will even help level the playing field between small businesses in Missouri and large out-of-state retailers,” Parson said.
Parson also signed a number of other bills this week.
The state definition of ‘harassment’ has been updated to include social media and other technologies under Senate Bill 71. The legislation also allows parties to appeal decisions about the placement of children and extends the duration of court protection orders in certain circumstances.
Those who win the Missouri Lottery will only have their names published with their permission, as written in House Bill 402, aimed at avoiding potential harassment or manipulation of winners.
Senate Bill 36 creates a $ 10 million tax credit for the reconstruction of buildings at the Missouri Capitol Complex. Senate Bill 57 creates a fund to help nonprofits that “focus on deterring crime in high crime areas of the state”.
Insurers will be included in future civil litigation under Bill 345, which only allows individuals to take legal action against these providers when such action is provided in written form. Senate Bill 106 updates state laws regarding licensing and regulation of financial institutions.
Parson signed a number of other bills last week, including an out-of-state Internet sales tax (coined the “Wayfair tax”). He will also act on the FY2022 budget, which he warned will see significant cuts if lawmakers do not pass a critical Medicaid tax by Thursday.
Before June 28, Parson signed several important pieces of legislation, including the Second Amendment Preservation Act, a gun law that sparked a fight with the Biden administration; and a law limit the capacity of local health authorities to enforce public order.