Supplement: MO SB104 | 2023 | Regular Session | Summary: Introduced
For additional supplements on Missouri SB104 please see the Bill Drafting List
Bill Title: Reduces the assessment percentage of personal property
Status: 2023-03-01 - Voted Do Pass S General Laws Committee [SB104 Detail]
Download: Missouri-2023-SB104-Summary_Introduced.html
Bill Title: Reduces the assessment percentage of personal property
Status: 2023-03-01 - Voted Do Pass S General Laws Committee [SB104 Detail]
Download: Missouri-2023-SB104-Summary_Introduced.html
SB 104 - Current law requires personal property to be assessed at 33.3% of its true value in money. Beginning with the 2024 calendar year, this act reduces such percentage by one percent a year through the 2035 calendar year. Beginning with the 2036 calendar year, personal property shall be assessed at 20% of its true value in money.
This act is substantially similar to a provision in SS/SCS/SB 8 (2023) and SCS/HCS#2/HB 713 (2023).
JOSH NORBERG