Bill > HB2060

This bill modifies the classification of residential real property, specifically addressing how single-family homes used for short-term rentals are classified for tax purposes. The bill adds a provision that clarifies that a single-family home leased for less than thirty consecutive days and subject to sales tax will still be classified as residential property. Additionally, the bill explicitly states that leasing a single-family home for less than thirty days does not automatically constitute "transient housing," which is a key distinction for property tax classification. This change prevents such properties from being reclassified as commercial or other types of property solely because they are used for short-term rentals. The bill allows taxing districts to adjust their operating levy to account for potential revenue changes resulting from this classification, and provides guidance for county assessors on how to handle such property classifications. The modification aims to provide clarity and consistency in how short-term rental properties are assessed and taxed, ensuring that residential properties remain in the residential classification even when used for brief rental periods.

Budget and Finance

https://house.mo.gov/Bill.aspx?bill=HB2060&year=2026&code=R