MO HCR27

Disapproves the Missouri State Tax Commission's proposed regulation establishing agricultural land values for the 2011 and 2012 assessment years under Section 137.021, RSMo.

State Tax Commission proposed on December 15, 2009 to increase values for Grades 1-4 cropland and decrease values for Grades 5-7 pastureland, with no change to Grade 8.

Projected property tax increases of approximately 90 cents per acre on better quality cropland (Grades 1-4) and decreases of approximately 20 cents per acre on pastureland (Grades 5-7) using a $5 per $100 assessed valuation tax rate.

Cites challenging farming conditions including wet weather, market volatility, record production expenses, and weak demand, with USDA projecting 2009 net farm income among the three worst years since 1929.

Directs the Chief Clerk of the Missouri House of Representatives to send inscribed copies of this resolution to Governor Jay Nixon and the Missouri State Tax Commission.