- House Committee Substitute -

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.

JEFF CRAVER