Bill > HB1631

This bill modifies how certain types of tangible personal property, specifically boats and related items, are assessed for tax purposes across different counties in Missouri. The bill clarifies that most tangible personal property will be assessed in the county where the owner resides, with specific exceptions for items used for lodging. Houseboats, cabin cruisers, and manufactured homes will be assessed in the county where they are located. Additionally, floating boat docks and certain boats (specifically motorboats and vessels) that are stored outside the owner's county of residence on a lift or in a marina, and are not regularly transported between counties, will also be assessed in the county where they are located. The bill ensures that no tangible personal property can be simultaneously assessed in more than one county, and it maintains existing provisions about assessing property for estates and farm-related equipment. For tractors or trailers used in interstate commerce, the assessed valuation will continue to be apportioned to Missouri based on the ratio of miles traveled in the state compared to total miles traveled in the United States.

https://house.mo.gov/Bill.aspx?bill=HB1631&year=2026&code=R