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MO HB2361
Bill
Status
3/22/2010
Primary Sponsor
Tony Dugger
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AI Summary
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Amends Missouri law to cap annual increases in assessed valuation of motor vehicles to match the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U) from the previous year.
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Prevents motor vehicle assessed valuations from rising by a greater percentage than the CPI-U increase, regardless of actual market value changes.
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Exempts motor vehicles that are sold or purchased between assessments from this valuation cap limitation.
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Includes an emergency clause declaring the act necessary for immediate preservation of public health, welfare, peace, and safety, making it effective upon passage and approval.
Legislative Description
Limits the increase in the assessed valuation of a motor vehicle to the same percentage as the percentage of the increase in the federal Consumer Price Index over the previous year
Last Action
Referred: Ways and Means (H)
3/30/2010