HCS HB 112 & 285 -- CLASSIFICATION OF SAWMILLS FOR PROPERTY
TAXATION PURPOSES (Day)
COMMITTEE OF ORIGIN: Committee on Rural Community Development
This substitute classifies a sawmill or planing mill defined in
the United States Department of Labor's Standard Industrial
Classification (SIC) Manual with a SIC number 2421 as
agricultural and horticultural property instead of commercial
property for property taxation purposes.
No property tax classification change resulting from this
provision will have the effect of eliminating employer
obligations under the Workers' Compensation Law.
FISCAL NOTE: No impact on General Revenue Fund in FY 2012, FY
2013, and FY 2014. Estimated Net Effect on Other State Funds of
an income of $0 in FY 2012, an income of $0 to a cost of $20,143
in FY 2013, and an income of $0 to a cost of $20,143 in FY 2014.
Copyright (c) Missouri House of Representatives
Missouri House of Representatives
96th General Assembly, 1st Regular Session
Last Updated August 9, 2011 at 1:14 pm