SECOND REGULAR SESSION

HOUSE BILL NO. 1309

92ND GENERAL ASSEMBLY

INTRODUCED BY REPRESENTATIVES VILLA (Sponsor), KRATKY, EL-AMIN, JOHNSON (61),

HUBBARD, HOSKINS AND VOGT (Co-sponsors).

         Read 1^st time January 29, 2004, and copies ordered printed.

STEPHEN S. DAVIS, Chief Clerk

4181L.01I

AN ACT

To repeal section 137.505, RSMo, and to enact in lieu thereof one new section relating to taxable tangible personal property assessment lists.

Be it enacted by the General Assembly of the state of Missouri, as follows:

            Section A. Section 137.505, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 137.505, to read as follows:

            137.505. If any person, corporation, partnership or association shall fail to file a return as required by sections 137.485 to 137.550, the assessor shall ascertain the true amount and value of the taxable tangible personal property of such person, corporation, partnership or association on the best information available to him and shall assess said property at [twenty-five] ten percent above its value.