Missouri HB2946 reduces the assessment percentage of tangible personal property over three years.

Missouri HB2946 modifies the assessment percentage of tangible personal property. Beginning January 1, 2027, the assessment percentage will decrease annually for three years. For 2027, the percentage is 22.02%; for 2028, it is 11.11%; and for 2029 and beyond, it is 0.01%. The bill also outlines procedures for property assessment, including the use of comparable properties and the requirement for physical inspections under certain conditions.

Missouri HB2946 reduces the assessment percentage of tangible personal property over three years.

Missouri HB2946 modifies the assessment percentage of tangible personal property. Beginning January 1, 2027, the assessment percentage will decrease annually for three years. For 2027, the percentage is 22.02%; for 2028, it is 11.11%; and for 2029 and beyond, it is 0.01%. The bill also outlines procedures for property assessment, including the use of comparable properties and the requirement for physical inspections under certain conditions.