COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:2641H.01I Bill No.:HB 1155 Subject:Boards, Commissions, Committees, and Councils; Political Subdivisions;
Contracts and Contractors; Energy; Property, Real and Personal; Taxation and
Revenue - Property; Utilities; Department of Commerce and Insurance,
Type:Original Date:February 16, 2025Bill Summary:This proposal modifies provisions of the "Property Assessment Clean
Energy Act".
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on General
Revenue $0$0$0
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on Other State
Funds $0$0$0
Numbers within parentheses: () indicate costs or losses. L.R. No. 2641H.01I
Bill No. HB 1155
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February 16, 2025
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ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on All Federal
Funds $0$0$0
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on FTE 000
☐ Estimated Net Effect (expenditures or reduced revenues) expected to exceed $250,000 in any
of the three fiscal years after implementation of the act or at full implementation of the act.
☐ Estimated Net Effect (savings or increased revenues) expected to exceed $250,000 in any of
the three fiscal years after implementation of the act or at full implementation of the act.
ESTIMATED NET EFFECT ON LOCAL FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Local Government*Unknown to
(Unknown)
Unknown to
(Unknown)
Unknown to
(Unknown)
*Oversight notes that there could be an unknown positive effect (expansion of commercial
assessments) to an unknown negative effect (loss of residential property assessments) to local
funds. L.R. No. 2641H.01I
Bill No. HB 1155
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February 16, 2025
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FISCAL ANALYSIS
ASSUMPTION
Sections 67.2810, 67.2815, 67.2817, 67.2830, and 67.2840 – “Property Assessment Clean
Energy Act”.
Oversight notes that there could be an unknown positive effect (expansion of commercial
assessments) to an unknown negative effect (loss of residential property assessments) to local
funds.
Officials from Office of Administration - Budget and Planning (B&P) state that this bill has
no direct impact on B&P or on general and total state revenues.
Officials from the Department of Commerce and Insurance, the State Tax Commission, the
Department of Natural Resources, the Department of Revenue, the City of O’Fallon, and the
City of Kansas City each assume the proposal will have no fiscal impact on their respective
organizations.
Oversight notes that the above-mentioned agencies have stated the proposal would not have a
direct fiscal impact on their organization. Oversight does not have any information to the
contrary. Therefore, Oversight will reflect a zero impact on the fiscal note.
Oversight only reflects the responses received from state agencies and political subdivisions;
however, other local agencies were requested to respond to this proposed legislation but did not.
A listing of political subdivisions included in the Missouri Legislative Information System
(MOLIS) database is available upon request.
FISCAL IMPACT – State GovernmentFY 2026
(10 Mo.)
FY 2027FY 2028$0$0$0FISCAL IMPACT – Local GovernmentFY 2026
(10 Mo.)
FY 2027FY 2028LOCAL POLITICAL
SUBDIVISIONS
Cost § 67.2810 – Municipalities
Clean Energy Development Board
changes
Unknown to
(Unknown)
Unknown to
(Unknown)
Unknown to
(Unknown) L.R. No. 2641H.01I
Bill No. HB 1155
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February 16, 2025
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FISCAL IMPACT – Local GovernmentFY 2026
(10 Mo.)
FY 2027FY 2028ESTIMATED NET EFFECT TO
LOCAL POLITICAL
SUBDIVISIONS
Unknown to
(Unknown)
Unknown to
(Unknown)
Unknown to
(Unknown)
FISCAL IMPACT – Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
This bill revises the Property Assessment Clean Energy Act by making it inapplicable to
residential property. The bill provides guidance for any residential properties approved for the
program between January 1, 2022, and August 28, 2025. The bill clarifies that a clean energy
development board can acquire loans or assessment contracts from other states and their
municipalities and political subdivisions to serve a common purpose of providing financing
support or credit enhancement for any project. The bill also changes the maximum financing
duration on commercial property assessment clean energy loans from 20 years to 30 years.
This legislation is not federally mandated, would not duplicate any other program and would not
require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Commerce and Insurance
Department of Natural Resources
Department of Revenue
Office of Administration - Budget and Planning
State Tax Commission
City of Kansas City
City of O’Fallon
Julie MorffJessica HarrisDirectorAssistant DirectorFebruary 16, 2025February 16, 2025