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MO HB571

Bill

Official Source

Status

Introduced

2/17/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Repeals and replaces section 140.100 of Missouri Revised Statutes regarding penalties on tax-delinquent lands
  • Reduces the maximum penalty on property tax delinquencies occurring after January 1, 2012, but before January 1, 2015, from eighteen percent to nine percent per year
  • Maintains the standard eighteen percent annual penalty for delinquencies outside the specified timeframe and the two percent per month cap for lands redeemed prior to sale
  • Applies the reduced penalty rate to all counties in the state, excluding independent cities not within a county
  • Preserves existing compensation rates of ten cents per tract for the collector and clerk to make and record delinquent land lists, plus five cents per tract for the clerk to compare and authenticate the lists

Legislative Description

Reduces the maximum penalty that can be charged on delinquent county property taxes

Last Action

Public Hearing Completed (H)

3/17/2011

Committee Referrals

Ways And Means2/24/2011

Full Bill Text

No bill text available