MO HB2035

Repeals and re-enacts section 137.100, RSMo, to clarify property tax exemptions for state, county, and local purposes.

Expands the exemption for charitable purposes to explicitly include homes for the aged operated by organizations exempt under Internal Revenue Code section 501(c)(3) and consistent with IRS Revenue Ruling 72-124.

Maintains existing exemptions for state and local government property, nonprofits, religious institutions, educational facilities, and veterans' organizations.

Clarifies that investment property held by exempt organizations does not qualify for exemption, even if income is used for charitable purposes.

Preserves exemptions for household goods, motor vehicles leased to exempt organizations, and solar energy systems not held for resale.