SB 483 - This act specifies that certain conservation and open spaces implemented pursuant to the intent expressed in Section 67.870, RSMO, are within the scope of those portions of real property which are exempted by current law from property tax. The property must be held or managed by an entity created by a cooperative effort of a political subdivision and a private entity that has the approval of the governing body of the political subdivision. Current law also provides that assessors are to take due account of the limited use of such land when making assessments. This act repeals this provision and substitutes an affirmative tax exemption for such property.
JEFF CRAVER