HB2060

Modifies classification of residential real property used for short-term rentals in Missouri

Missouri HB2060 modifies the classification of certain residential real property used for short-term rentals. It specifies that a single-family home leased for less than thirty consecutive days is classified as residential property. The bill also details how property should be classified if it serves multiple purposes, emphasizing the immediate most suitable economic use. It allows taxing districts to adjust their operating levies to recoup any loss of property tax revenue, except for revenues from the surtax.