MO HB275

Amends Section 137.073, RSMo to limit political subdivision tax rates to only the most recent voter-approved rate, removing the alternative option of using a rate adjusted under subsection 5(2)

Eliminates the provision allowing political subdivisions to revise tax levies upward for inflationary assessment growth (previously capped at the lower of actual growth, CPI, or 5%)

Removes the mechanism that automatically adjusted voter-approved tax rate increases for inflation and changes in assessed valuation after election approval

Grants taxpayers direct standing to sue taxing authorities for constitutional tax violations within one year of taxes being due, without first filing a complaint with the prosecuting attorney and without paying taxes under protest

Removes reference to excess home dock city or county fees under Section 313.820 from the calculation of tax revenue for school districts and counties levying sales taxes