Missouri HB2627 revises personal property tax laws, including new definitions and procedures for tax rate calculations and adjustments.
Missouri HB2627 enacts provisions governing personal property taxation, introducing new definitions and procedures for tax rate calculations and adjustments. The bill repeals and replaces existing sections with new sections 137.073 and 139.035. Section 137.073 defines terms such as "general reassessment," "tax rate," and "tax rate ceiling," and outlines procedures for calculating tax rates, including adjustments for inflation and new construction.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.