SB 1011
Modifies provisions of law providing for the reimbursement of costs incurred in assessing property for tax purposes
Sponsor:
LR Number:
4857S.02I
Last Action:
3/4/2010 - Second Read and Referred S Jobs, Economic Development and Local Government Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2010

Current Bill Summary

SB 1011 - This act allows an additional percentage of property tax collections to be deducted and deposited into the assessment fund for any county or the City of St. Louis, if the state appropriation to offset expenses incurred by the assessor in performing duties which are necessary to assess and maintain equalized assessed valuations of property, is less than an amount equal to four dollars per parcel located within such city or county. The act provides a formula to ensure that the additional percentage, when coupled with the state appropriation, will equal four dollars per parcel located within such city or county.

JASON ZAMKUS

Amendments