Missouri - SB24

Reduces the personal property assessment rate from 33.3% to 0.001% over five years

Introduced

December 1, 2020

Description

SB 24 - Current law requires that personal property be assessed at 33.3% of its true value in money. This act reduces such percentage to 25% for the 2022 calendar year, 19% for the 2023 calendar year, 13% for the 2024 calendar year, 7% for the 2025 calendar year, and 0.001% for all subsequent years.

Our Position

Monitoring

Commentary

Bill sponsor Senator Bill Eigel (R-23)

On Senate Calendar

Original Sponsor 0

Co-Sponsors 0

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