HB2011 Revises laws on property taxes.
Sponsor: Overschmidt, Francis S. (110) Effective Date:00/00/0000
CoSponsor: Gaw, Steve (22) LR Number: 3539L.04P
Last Action: COMMITTEE: SENATE WAYS AND MEANS
05/11/2000 - Reported do pass (S)
HS HB 2011
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB2011 Copyright(c)
* Perfected * Committee * Introduced

Available Bill Text for HB2011
* Introduced *

BILL SUMMARIES

PERFECTED

HS HB 2011 -- PROPERTY TAX:  TAX RATES (Overschmidt)

This substitute requires taxing authorities to express their
proposed tax rate to the nearest one-one hundredth of a cent.

The substitute also requires the State Auditor to review
proposed tax rates of taxing authorities within 15 days of
receipt of documentation.  If the State Auditor believes the
rate submitted by the taxing authority does not comply with
state law, the Auditor must submit a recalculated rate to the
taxing authority.  The taxing authority must submit to the
Auditor documentation accepting or denying the Auditor's
recalculated rate within 15 days of receipt of the recalculated
rate from the Auditor.  If the taxing authority rejects the
Auditor's recalculated rate and does not submit documentation
supporting the rejection, the Auditor must refer the perceived
violation to the Attorney General.  The Attorney General can
obtain injunctive relief to prevent the taxing authority from
levying the rate proposed to be in violation by the State
Auditor.  If the court refuses injunctive relief against a
taxing authority's tax rate as requested by the Attorney
General, then the Attorney General's office must reimburse the
taxing authority for all court costs and attorney's fees
incurred as a result of the court proceeding.

The substitute extends the time period for refund or credit of
an overpayment of property taxes that has been erroneously or
mistakenly levied upon a taxpayer from one to 3 years.  Interest
will also be required to be paid on the overpayment.  Current
law prohibits payment of interest to the taxpayer.

The substitute also allows collectors of revenue to offset
future distributions of property tax revenues to political
subdivisions in an amount equal to any refund or credit granted.

FISCAL NOTE:  Estimated Net Cost to General Revenue Fund of $0
to Unknown in FY 2001, FY 2002, and FY 2003.  Estimated Net
Effect on State School Moneys Fund of $0 in FY 2001, FY 2002,
and FY 2003.


COMMITTEE

HB 2011 -- PROPERTY TAX:  TAX RATES

CO-SPONSORS:  Overschmidt, Gaw, Ransdall

COMMITTEE ACTION:  Voted "do pass" by the Committee on Local
Government and Related Matters by a vote of 19 to 1.

This bill requires taxing authorities to express their proposed
tax rate to the nearest one-one hundredth of a cent.

The bill also requires the State Auditor to review proposed tax
rates of taxing authorities within 15 days of receipt of
documentation.  If the State Auditor believes the rate submitted
by the taxing authority does not comply with state law, the
Auditor must submit a recalculated rate to the taxing
authority.  The taxing authority must submit to the Auditor
documentation accepting or denying the Auditor's recalculated
rate within 15 days of receipt of the recalculated rate from the
Auditor.  If the taxing authority rejects the Auditor's
recalculated rate and does not submit documentation supporting
the rejection, the Auditor may refer the perceived violation to
the Attorney General.  The Attorney General can obtain
injunctive relief to prevent the taxing authority from levying
the rate proposed to be in violation by the State Auditor.

FISCAL NOTE:  Estimated Net Cost to General Revenue Fund of $0
in FY 2001, Unknown in FY 2002, and Unknown in FY 2003.
Estimated Net Effect on State School Moneys Fund of $0 in FY
2001, FY 2002, and FY 2003.

PROPONENTS:  Supporters say that this bill will close a loophole
allowing taxing authorities to round to the nearest cent and
increasing taxes.  More than 60 taxing authorities are taxing
incorrectly.  The bill will open a line of communication between
the Auditor and assessors.  Taxpayers need a means of objecting
to an assessment.

Testifying for the bill were Representative Overschmidt;
Moniteau County Assessor; and Office of the State Auditor.

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst


INTRODUCED

HB 2011 -- Property Tax:  Tax Rates

Co-Sponsors:  Overschmidt, Gaw, Ransdall

This bill requires taxing authorities to express their proposed
tax rate to the nearest one-one hundredth of a cent.

The bill also requires the State Auditor to review proposed tax
rates of taxing authorities within 15 days of receipt of
documentation.  If the State Auditor believes the rate submitted
by the taxing authority does not comply with state law, the
Auditor must submit a recalculated rate to the taxing
authority.  The taxing authority must submit to the Auditor
documentation accepting or denying the Auditor's recalculated
rate within 15 days of receipt of the recalculated rate from the
Auditor.  If the taxing authority rejects the Auditor's
recalculated rate and does not submit documentation supporting
the rejection, the Auditor may refer the perceived violation to
the Attorney General.  The Attorney General can obtain
injunctive relief to prevent the taxing authority from levying
the rate proposed to be in violation by the State Auditor.


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