HB 2373 -- Tax Levy Revisions

Sponsor:  Funderburk

This bill allows any political subdivision that approved a tax
increase after August 27, 2008, to levy a rate to collect
substantially the same amount of tax revenue as would have been
collected by applying the voter-approved increased tax rate
ceiling to the total assessed valuation of the political
subdivision on or before the election date, increased by the
percentage increase in the federal Consumer Price Index; however,
the rate cannot exceed the greater of the most recent
voter-approved rate or the most recent voter-approved adjusted
rate.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:13 pm