Missouri HB1631 modifies the assessment of tangible personal property, specifically boats, to be assessed in the county where the owner resides.

Missouri HB1631 repeals and replaces Section 137.090 of the Revised Statutes of Missouri, changing the assessment rules for tangible personal property. Specifically, it mandates that boats, including motorboats and vessels, be assessed in the county where the owner resides. This change applies to boats that are housed or stored outside the owner's county of residence on a lift or in a marina and are not regularly transported to and from the owner's county of residence.

Missouri HB1631 modifies the assessment of tangible personal property, specifically boats, to be assessed in the county where the owner resides.

Missouri HB1631 repeals and replaces Section 137.090 of the Revised Statutes of Missouri, changing the assessment rules for tangible personal property. Specifically, it mandates that boats, including motorboats and vessels, be assessed in the county where the owner resides. This change applies to boats that are housed or stored outside the owner's county of residence on a lift or in a marina and are not regularly transported to and from the owner's county of residence.