SB 805 Modifies provisions relating to taxation
Sponsor: Gross
LR Number: 3116L.05C Fiscal Note: 3116-05
Committee: Ways & Means
Last Action: 5/12/2006 - In Conference Journal Page:
Title: HCS SB 805 Calendar Position:
Effective Date: August 28, 2006
House Handler: Smith

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Current Bill Summary

HCS/SB 805 - This act allows the county collector for first class counties without a charter form of government and second class counties to maintain back tax books electronically or otherwise. The county collector of such counties may disburse money via electronic transfer of funds from the collector's account into the accounts of the appropriate taxing entities. The county auditor, of first class counties without a charter form of government and second class counties, will have access to and may periodically examine all records, collections, and settlements for all licenses issued by the county. The county collector of such counties must make available, electronically or otherwise, a report of receipts, deposits, and balance in the collector's hands. The collector must also make available, electronically or otherwise, a report to the auditor of all other sums of money collected by the collector from any other source.

Any taxing authority may, in writing, request to be notified by the county collector of current taxes paid under protest. Such request must be submitted before February first following the delinquent date of current taxes paid under protest. The county collector must then provide the requested information on or before March first of the same year. County collectors for first class counties without a charter form of government and second class counties must file a detailed statement, verified by affidavit of all state, county, school, road, and municipal taxes and licenses collected during in the proceeding month to the county clerk and auditor before the fifteenth of each month. Under this act, delinquent personal property taxes shall be subject to the same interest and penalties prescribed for delinquent real property taxes.

The act permits the acceptance of a purchase bid for less than cost when property is offered for sale for the third time in a tax sale. Costs of performing the title search and mailing required notifications are reimbursed to the purchaser upon redemption. The act further provides for the State Tax Commission to supply a standard format for notices and affidavits required in tax sale situations.

The act modifies the membership requirements for the board of directors and the sales tax provision for community improvement districts. Under the current law, a community improvement district may, by resolution, impose a sales tax at a rate of 1/8, 1/4, 3/8, 1/2 of one percent. The act allows the sales tax to be imposed in increments of one-eighth of one percent, up to a maximum of one percent.

The act authorizes an individual income tax credit for tax years beginning on or after January 1, 2007, for the amount of real property taxes paid on a homestead by surviving spouses of certain public safety officers. The public safety officer must have been killed in the line of duty and must have been an employee of the State of Missouri or any political subdivision of the state. The provisions of the tax credit program will expire six years from the effective date.

The act allows a $200 tax credit for volunteer firefighters who complete at least 12 hours of any firefighter training program approved by the State Fire Marshal in the tax year the credit is claimed. If the firefighter has completed at least 30 hours of training after the initial 12 hours of training, the firefighter may claim a $400 credit in any tax year that 12 hours of training are completed. The tax credit is not refundable but can be carried over for up to four years. The provisions of the tax credit program will terminate six years from the effective date unless reauthorized

The act specifies that the purchase price for calculating the sales tax of a motor vehicle excludes the cost to modify the vehicle for use by an individual with disabilities.

The act authorizes a sales tax exemption on the purchase of coffins, caskets, burial vaults, and other funeral merchandise.

The act authorizes an exemption from state and local sales and use tax for the cost of all utilities used in the manufacturing, processing, compounding, mining, or production of pesticides, meat, petfood, livestock and poultry feed, purchases for research and development of agricultural biotechnology products, and prescription pharmaceuticals. The act also exempts the current sales tax on one half of the purchase price of diesel fuel used for agricultural purposes.