Bill > SB96

This bill modifies various provisions relating to votes in political subdivisions. The key provisions are: - Requires a two-thirds majority vote to approve an ordinance establishing a community improvement district if the proposed funding mechanism includes a sales tax. - Makes changes to the calculation of property tax rates and assessment of real and personal property, including requiring the use of manufacturer's suggested retail prices for valuing motor vehicles starting in 2024. - Provides an exemption and refund for motor fuel taxes paid on fuel used in motor vehicles with a gross weight of 26,000 pounds or less, with expanded eligibility for vehicles over 26,000 pounds owned by certain Missouri corporations or sole proprietors. - Reduces the top corporate income tax rate over time, potentially to zero percent. - Allows individuals to deduct from their Missouri adjusted gross income the amount of motor fuel taxes paid that are eligible for the exemption and refund. - Establishes regulations and protections for digital asset mining activities in Missouri.

Budget and Finance, Government Affairs

https://www.senate.mo.gov/23info/BTS_Web/Bill.aspx?SessionType=R&BillID=44704