FIRST REGULAR SESSION

[P E R F E C T E D]

SENATE BILL NO. 287

90TH GENERAL ASSEMBLY


INTRODUCED BY SENATOR MAXWELL.

Read 1st time January 14, 1999, and 1,000 copies ordered printed.

Read 2nd time January 25, 1999, and referred to the Committee on Ways and Means.

Reported from the Committee March 11, 1999, with recommendation that the bill do pass and be placed on the Consent Calendar.

Taken up March 25, 1999. Read 3rd time and placed upon its final passage; bill passed.

TERRY L. SPIELER, Secretary.

S1275.01P


AN ACT

To repeal section 137.100, RSMo 1994, relating to property tax, and to enact in lieu thereof one new section relating to the same subject.


Be it enacted by the General Assembly of the State of Missouri, as follows:

Section A.  Section 137.100, RSMo 1994, is repealed and one new section enacted in lieu thereof, to be known as section 137.100, to read as follows:

137.100.  The following subjects are exempt from taxation for state, county or local purposes:

(1)  Lands and other property belonging to this state;

(2)  Lands and other property belonging to any city, county or other political subdivision in this state, including market houses, town halls and other public structures, with their furniture and equipments, and on public squares and lots kept open for health, use or ornament;

(3)  Nonprofit cemeteries;

(4)  The real estate and tangible personal property which is used exclusively for agricultural or horticultural societies organized in this state, including not-for-profit agribusiness associations;

(5)  All property, real and personal, actually and regularly used exclusively for religious worship, for schools and colleges, or for purposes purely charitable and not held for private or corporate profit, except that the exemption herein granted does not include real property not actually used or occupied for the purpose of the organization but held or used as investment even though the income or rentals received therefrom is used wholly for religious, educational or charitable purposes;

(6)  Household goods, furniture, wearing apparel and articles of personal useand adornment, as defined by the state tax commission, owned and used by a person in his home or dwelling place.




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