Missouri HB1790 modifies tax levy provisions for political subdivisions, adjusting tax rate ceilings and setting new calculation methods.
Missouri HB1790 modifies provisions relating to tax levies by political subdivisions. It adjusts the tax rate ceiling for each subclass of real property and personal property, ensuring the rate does not exceed the most recent voter-approved rate or the adjusted rate based on the consumer price index. The bill mandates that any political subdivision that has received voter approval for a tax increase after August 27, 2008, may levy a rate to collect substantially the same amount of tax revenue as the increase in the tax rate.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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