SB 0408 Allows partial abatement of real property taxes for certain purposes
LR Number:1588L.01I Fiscal Note:1588-01
Committee:Local Government and Economic Development
Last Action:02/20/01 - Hearing Conducted S Local Government & Economic Journal page:
Development Committee
Effective Date:August 28, 2001
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Current Bill Summary

SB 408 - This act will allow any county, any municipality and the city of St. Louis to provide for an abatement of a portion of real property tax liability for certain facilities involved in lead abatement projects.

The lead abatement project must be for a child-occupied facility or dwelling and must be certified by the Department of Health. The tax abatement will only be given against that portion of the real property tax liability which is not allocated to schools or the Blind Pension Fund.