MO HB1916

Beginning July 1, 2010, counties of the first classification or with a charter form of government and independent cities with tax increment financing totaling $500 million or more shall deduct an additional 2% from all tax increment financing ad valorem property tax collections annually.

The 2% deduction shall be deposited into the county or city's assessment fund and used solely for locating, identifying, administrating, districting, coding, tracking, and valuing tax increment financing, neighborhood improvement districts, community improvement districts, and other tax abatements under chapters 99, 100, and 353.

Maintains existing provisions allowing counties with approved assessment maintenance plans to receive state reimbursement of up to 60% of assessment-related costs, with a minimum of $3 per parcel for up to 20,000 parcels.

Section A is declared an emergency measure effective upon passage and approval to ensure county assessors have adequate funding for statutory duties.