HB 518 -- Property Tax:  Depreciation of Personal Property

Co-Sponsors:  Portwood, Myers, Jackson, Nieves, Schlottach,
Black, Stefanick, Icet, Pearce

This bill sets a table of depreciation for certain business-use
tangible personal property to be used by assessors for personal
property tax assessment.  The bill lays out the percentage of the
property's original value to be used to calculate the depreciated
value throughout the anticipated economic life of the property.

The bill contains an emergency clause.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:12 am