HB 113 -- Payment of Personal Property Taxes

Sponsor:  Pollock

Beginning January 1, 2010, this bill requires collectors to
establish a method by which taxes on personal property may be
paid on or before June 30 of each year based on an estimate of
the tax due using the previous year's rates and the current
taxable tangible personal property owned on January 1 of that
year.  If the actual amount of personal property tax due is less
than the estimated tax paid, the difference will be refunded to
the taxpayer or applied to the following year's tax liability.
If the actual amount of personal property tax due is more than
the estimated tax paid, the difference will be due on or before
December 31 of the year.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:23 am