HB 884 -- Special Business Districts

Sponsor:  Wright-Jones (63)

Currently, the governing body of a city must conduct a survey
which includes a suitable location and the approximate cost of
the improvements when establishing a special business district.
This bill requires the petitioners instead of the governing body
to submit the results of the survey to the governing body.

The bill allows the governing body to modify the tax rate ceiling
by resolution.

Currently, the governing body of the city creating the district
has sole discretion as to how the revenue derived from any taxes
can be used for the district.  For districts administered by an
appointed board of commissioners, the bill gives the board sole
discretion as to how the revenue derived from any taxes can be
used for the district instead of the governing body.

The allowable tax a district may impose on real property is
increased from 85 cents to $1.50 on every $100 of assessed
valuation to pay for the district's operating expenses.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm