HB1340 - PROPERTY TAX - Brown, Harriet Tatum
HB1340 ALLOWS TAXATION OF CERTAIN REAL PROPERTY OWNED BY COLLEGES OR UNIVERSITIES IN CERTAIN COUNTIES.
Sponsor: Brown, Harriet Tatum (13) Effective Date: 01/01/97
CoSponsor: LR Number: 2972-01
Last Action: COMMITTEE: GOVERNMENTAL ORGANIZATION AND REVIEW
02/05/96 - Reported Do Pass (H)
HB1340
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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BILL SUMMARIES BILL TEXT FISCAL NOTES
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Available Bill Summaries for HB1340
| Committee | Introduced |

Available Bill Text for HB1340
| Introduced |

Available Fiscal Notes for HB1340

BILL SUMMARIES

COMMITTEE

HB 1340 -- PROPERTY TAX

Sponsor: Brown

COMMITTEE ACTION:  Voted "do pass" by consent by the Committee
on Governmental Organization and Review by a vote of 9 to 0.

This bill taxes real property of any college or university in
St. Charles County, when such property contains a research
facility. These properties are taxed at 100% if used for
recreational purposes and 85% if used for commerce or business.

FISCAL NOTE:  Income to blind pension fund for FY 1997 $114, FY
1988 $114, and FY 1999 $114.

PROPONENTS:  Supporters say that this is state donated land
being used by the state university to promote private commercial
and recreational businesses.  These businesses are locating on
this property because they do not have to pay property tax.
This is unfair to other businesses and the local schools who
lose tax revenue.  These businesses are required to do research--
related work. Local residents don't feel that the businesses do
any research.

Testifying for the bill were Representative Brown; Weldon Spring
Heights Residents; Francis Howell School District; and the St.
Charles County Assessor.

OPPONENTS: Those who oppose the bill say that the university
needs to change the way the property is marketed to businesses
in a way that would reimburse the county for lost revenue.  The
university will sell all property in the future and the
businesses will be required to pay property taxes.  Most
university leases reimburse the county for lost taxes now.  This
issue may be settled in court next year.

Testifying against the bill was University of Missouri.

Steve Bauer, Research Analyst


INTRODUCED

HB 1340 -- Property Tax (CORRECTED)

Sponsor:  Brown

This bill taxes real property of any college or university in
St. Charles County, when such property contains a research
facility. These properties are taxed at 100% if used for
recreational purposes and 85% if used for commerce or business.


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