HB 461 -- Assessment of Business Personal Property

Sponsor:  Sutherland

For property tax purposes, this bill requires an assessor to
separate business personal property into a subclass of class 2
property and value it at 33 l/3% of its true value in money.
True value of business personal property will be determined by
the cost approach to value, as determined by the State Tax
Commission, beginning with tax year 2006.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:19 pm