Reclassifies ADFA as an independent state instrumentality outside Commerce, granting broad autonomy (procurement, rulemaking, hiring) with ongoing audits and reporting.

Requires immediate, subclass-based levy revisions to maintain revenue neutrality after reassessments, with timely notices, CPI-based caps, and limits on inflationary growth.

Missouri HB 1762 raises the private retirement income deduction from $6,000 to $12,000 starting in 2027, expanding eligibility for low-to-moderate income retirees.