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MO HB1314
Bill
Status
3/12/2015
Primary Sponsor
Michael Butler
Click for details
AI Summary
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Bed and breakfast inns where the owner resides and uses the property as a primary residence with four or fewer rooms for rent would be classified as "residential property" for property tax purposes under Missouri law
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These qualifying bed and breakfast inns would be exempt from the 4% state sales tax on rooms, meals, and drinks that applies to hotels, motels, restaurants, and similar establishments
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Amends sections 137.016 (property tax classifications) and 144.020 (sales tax) of Missouri Revised Statutes
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Introduced by Representative Butler during the First Regular Session of the 98th General Assembly
Legislative Description
Modifies the definition of residential property for property taxation and creates a sales tax exemption for certain properties
Last Action
Voted Do Pass (H)
4/14/2015