Bill > HB119

This bill modifies various provisions relating to tax levies by political subdivisions, introducing several key changes across multiple sections of Missouri state law. The bill requires ballot measures seeking approval for property tax changes to express the effect in real dollars per $100,000 of property valuation, mandates that for districts with a proposed sales tax funding mechanism, ordinances must be approved by at least a two-thirds majority vote, and establishes new restrictions on resubmitting rejected tax proposals. Additionally, the bill provides tax exemptions for properties owned by certain tax-exempt entities (those under 26 U.S.C. Section 501(c)), and creates new requirements for financial reporting and publication of financial statements by political subdivisions. The legislation also adjusts procedural details for how counties and cities handle property assessments, tax rate calculations, and financial reporting, with provisions aimed at increasing transparency and providing more precise information to taxpayers about proposed tax changes and their potential financial impact.

Budget and Finance, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB119&year=2025&code=R