SB 339 Authorizes all third and fourth class counties to collect a property tax to pay for road rock on county roads
Sponsor: Munzlinger
LR Number: 1787S.01I Fiscal Notes
Committee: Jobs, Economic Development and Local Government
Last Action: 5/15/2015 - S Informal Calendar S Bills for Perfection--SB 339-Munzlinger, with SS (pending) Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2015

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Current Bill Summary

SS/SB 339 - This act modifies provisions relating to property taxes.


This act specifies that real property used as a mine shall be assessed using either the comparable sales method, capitalization of royalties, or cost approach. Mineral rights shall be assessed based on actual royalties or imputed royalties based on the value of minerals on the property.

Improvements on mine property that have little value other than use in mining will be included in the assessed value of the mineral rights. Improvements on mine property that have value outside of use in mining will assessed separately from the mineral rights using traditional appraisal methods.

Mine property shall not be assessed based on capitalization of business income. The real property value for tax purposes of mine property shall not be based on revenue from extracted minerals.

Mine property no longer containing minerals or any improvements will be assessed as agricultural property. Such property will have the cost of remediation deducted from the assessed value.

These provisions are identical to SCS/SB 554 (2015).


Currently, telephone companies have their tangible personal property assessed in the same manner as railroads. This act allows telephone companies to annually elect to have their tangible personal property assessed in accordance with depreciation schedules.

This provision is identical to SB 305 (2015) and HB 857 (2015). This provision is substantially similar to a provision in SCS/HCS/HB 299 (2015).

SPECIAL ROAD ROCK FUND (Section 231.444)

Currently, certain counties are authorized to levy an additional real property tax for deposit into a Special Road Rock Fund. Proceeds in the fund are to be used for purchasing road rock to be placed on county roads. This act authorizes all third and fourth class counties to levy such a tax if approved by the voter of the county.

This provision is identical to SCS/SB 573 (2014) and to a provision in SCS/HCS/HB 613 (2015). This provision is similar to HB 324 (2015).