HB 405 -- Property Tax:  Assessment of Personal Property

Co-Sponsors:  Burnett, Young, LeVota, Dougherty, Meiners

For property tax purposes, this bill requires an assessor to use
the value in use approach in the assessment of personal property
for business use.  "Value in use" is defined as using the
property's original cost as a cost basis and applying a yearly
depreciation value to that original cost basis.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am