HB 1194 -- Property Tax Assessment of Motor Vehicles

Sponsor:  Atkins

This bill establishes a depreciation schedule for the county
assessor to use for motor vehicle personal property assessment
purposes.  Beginning January 1, 2010, a motor vehicle will be
depreciated over a seven-year period if it is newly acquired or
owned less than two years or depreciated over a five-year period
if it has been owned two years or longer.  Once the motor vehicle
has been fully depreciated, the assessed value of that motor
vehicle will be zero as long as the taxpayer continues to own it.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am