|SB 0989||Expands new property assessment provisions to include Cass County and modifies overcollection procedures statewide|
|LR Number:||4143L.05C||Fiscal Note:||4143-05|
|Committee:||Local Government and Economic Development|
|Last Action:||05/17/02 - H Calendar S Bills for Third Reading||Journal page:|
|Title:||HCS SB 989|
|Effective Date:||August 28, 2002|
HCS/SB 989 - This act expands the provisions regarding assessment of new residential construction pursuant to Section 137.082, RSMo, to apply to Cass County.
The act provides that where a property taxpayer has erroneously paid property taxes, the taxpayer may have such overpayment applied to the following taxable year, or subsequent years, until the taxpayer has received full credit. The current law limits this carry forward to only one year.
Where a collector has erroneously collected a property tax, the taxpayer may have such overcollection applied to the following taxable year, or subsequent years, until the taxpayer has received full credit, or, if the taxpayer has no tax liability in the immediately following taxable year, the amount may be refunded. The current law does not allow such refund.
HA2 - PROHIBITS AND NULLIFIES CERTIFICATES OF VALUE FOR PROPERTY TAX VALUES.
HA3 - CREATES "MISSOURI HOMESTEAD PRESERVATION ACT" WHEREIN THE ASSESSED VALUE OF A HOMESTEAD OWNED BY A PERSON SIXTY-FIVE OR OLDER IS CAPPED AT FIVE PERCENT.
HA4 - EXPANDS THE PROVISIONS REGARDING ASSESSMENT OF NEW
RESIDENTIAL CONSTRUCTION PURSUANT TO SECTION 137.082, RSMO, TO
APPLY TO TANEY COUNTY.