Missouri HJR132 proposes a constitutional amendment exempting buildings under construction from property taxation.
Missouri HJR132 proposes a constitutional amendment to exempt buildings under construction from property taxation. The amendment defines "under construction" as a building or structure that has been classified as class 1 property and is not deemed occupied or usable for its intended purpose due to ongoing construction. The amendment also outlines other exemptions for personal property of manufacturers, refiners, distributors, wholesalers, and retail merchants, as well as property used for religious, educational, charitable, agricultural, and veterans' purposes.
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