HCS HB 1806 -- COUNTY CLASSIFICATION ASSESSED VALUATION (Franz)

COMMITTEE OF ORIGIN:  Committee on Local Government

This substitute increases the assessed valuation thresholds for a
county to move into a higher classification.  The minimum
assessed valuation threshold for counties of the first
classification is increased from $600 million to $900 million and
from $450 million to $600 million for counties of the second
classification.  All counties with an assessed valuation of less
than $600 million will be third classification counties.

The governing body of any county of the second classification
which, on August 28, 2010, has had an assessed valuation of at
least $600 million for at least one year may, by resolution of
the county governing body, elect to become a county of the first
classification after it has maintained that valuation for the
period of time required under Section 48.030, RSMo.  Currently,
only the counties of Lincoln and St. Francois qualify.

Any county of the second classification which, on August 28,
2010, has had an assessed valuation of at least $600 million for
at least five years may, by resolution of the county governing
body duly adopted before December 31, 2010, elect to remain a
county of the second classification until the assessed valuation
of the county after 2009 results in placing it in another
classification and it has maintained the necessary valuation for
the period of time required under Section 48.030.  Currently,
only the counties of Christian and Newton qualify.

The required assessed valuation thresholds for changes in county
classification will be increased each year by an amount equal to
the change in the annual average of the federal Consumer Price
Index or zero, whichever is greater.  The State Tax Commission
must calculate and publish the amount so that it is available to
all the counties.

The substitute contains an emergency clause.

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

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:12 pm