HCS SCS SB 16 -- COUNTY ASSESSMENT FUNDS

SPONSOR:  Childers (Ruestman)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Local Government by a vote of 13 to 0.

This substitute requires that 1% of the property taxes collected
against the first $500 million of assessed valuation in all
counties that become counties of the first classification after
September 1, 1998, and 0.5% on all taxes collected on the
remainder of taxes collected against property in excess of $500
million be deposited in the county assessment fund.  In order to
allocate these percentages among each political subdivision in
the county, the assessor must determine the percentage of total
property valuation divided into $500 million.  The collector is
required to retain 1% of that percentage of collections from each
political subdivision's property taxes for the county assessment
fund and 0.5% on the remainder, also for the county assessment
fund.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the substitute is needed to help
Taney and Cass counties get property with delinquent taxes back
on the tax rolls.  The legislation was passed in 2000, but the
bill it was passed in was declared unconstitutional because of a
violation of the clear title requirement.

Testifying for the bill was Senator Childers.

OPPONENTS:  There was no opposition voiced to the committee.

Steve Bauer, Legislative Analyst

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am