MO SB1028

Reduces maximum penalty on tax-delinquent lands in Missouri counties to 9 percent for delinquencies occurring between January 1, 2011 and January 1, 2014

Maintains existing 18 percent annual penalty rate for lands in the back tax book, except lands redeemed prior to sale are capped at 2 percent per month

Preserves separate penalty rules for cities not within counties operating under section 141.970, RSMo, which remain capped at the Federal Reserve prime rate for delinquencies after January 1, 2000

Continues existing compensation structure of 10 cents per tract or lot for the collector and clerk for making and recording delinquent land lists, plus 5 cents per tract or lot to the clerk for comparing and authenticating the list