SB 805 -- AGRICULTURAL AND HORTICULTURAL PROPERTY

SPONSOR:  Mayer (Kingery)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Ways and
Means by a vote of 7 to 0.

This bill revises the definition of "agricultural and
horticultural property" as it relates to property tax purposes to
include real property devoted primarily to showing horses.

FISCAL NOTE:  No impact on state funds in FY 2009, FY 2010, and
FY 2011.

PROPONENTS:  Supporters say that the bill changes the property
tax on large horse arenas.  If the arena is used for riding or
showing horses, and not for spectators, the arena is agricultural
property and taxed at 12%.  Currently, the arena is considered
commercial property and taxed at 32% of the assessed valuation.
Some counties already classify horse arenas as agricultural
property.

Testifying for the bill was Senator Mayer.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm