HB1346 Changes real property assessments from 2 to 4 years and modifies law regarding tax exemption for certain organizations.
Sponsor: Hosmer, Craig (138) Effective Date:01/01/2001
CoSponsor: Schilling, Mike (136) LR Number: 2954L.01I
Last Action: COMMITTEE: WAYS AND MEANS
02/01/2000 - Hearing Scheduled Bill Not Heard (H)
HB1346
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1346 Copyright(c)
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Available Bill Text for HB1346
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BILL SUMMARIES

INTRODUCED

HB 1346 -- Property Tax:  Assessment Cycle and Tax Exempt
Organizations

Co-Sponsors:  Hosmer, Schilling

This bill makes various changes related to the assessment of
real property for purposes of real property taxation.  The bill:

(1)  Requires real property that is exempt from real property
taxation because it is owned by a tax exempt organization to be
exempt only after the property is used or occupied by the
organization for the purposes for which the organization is
exempt;

(2)  Requires the assessor of each county to distribute to each
exempt organization within the county a questionnaire to assist
in determining if the organization's property is exempt under
the limits imposed under this bill;

(3)  Changes the reassessment cycle of real property from every
2 years to every 4 years; and

(4)  Changes the definition of "comparable property" used in
assisting an assessor in determining the value of real
property.  Under current law, any comparable property must
belocated within one mile of the property being valued.  The
bill requires the comparable property to be within one-half mile
of the property being valued.

The bill will become effective January 1, 2001.


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