HB 1392 -- PROPERTY TAX RATES

SPONSOR:  Kirkton

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Ways and Means by a vote of 11 to 0.

This bill changes the deadline from September 1 to October 1 for
charter counties and the City of St. Louis to set ad valorem
property tax rates.

FISCAL NOTE:  No impact on state funds in FY 2011, FY 2012, and
FY 2013.

PROPONENTS:  Supporters say that the bill corrects a drafting
error in Senate Bill 711 from 2008.  Taxing entities in charter
counties can't prepare accurate tax rates as information is not
available by September 1 causing a concern for school districts
with significant revenue losses.  Appeals are a problem since
county collectors need until October to get an accurate rate.
Currently, counties often underestimate their rates and must make
it up in the next year.  School districts in St. Louis County
estimate that they lost over $21 million in revenue for 2009.

Testifying for the bill were Representative Kirkton; St. Louis
County Municipal League; Cooperating School Districts of Greater
St. Louis; Dr. Allan Markley, Cooperating School Districts of
Greater Kansas City; Missouri County Collectors Association; and
Penny Rector, MCSAL School Administrators Coalition.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:10 pm