Missouri SB1088 modifies the classification of certain residential real property for tax purposes.
Missouri SB1088 modifies the classification of certain residential real property for tax purposes. It specifies that rooms available for rent or lease for less than thirty consecutive days are not considered "transient housing." It defines "agricultural and horticultural property" and "utility, industrial, commercial, railroad and other real property." The bill also allows for the allocation of property value among different classifications if a property serves multiple purposes.
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