MO HB655

Requires specific third classification counties receiving federal "payments in lieu of taxes" (PILT) funds under 31 U.S.C. 6901-6907 to share a portion with certain cities and villages when the payment includes entitlement lands originally located within those municipalities

Distribution amount calculated by multiplying the PILT payment per acre by the number of acres taken from the city or village, then adjusted by a ratio of residential/commercial assessed valuation percentages to agricultural assessed valuation percentages

Applies to third classification counties with township government having 20,000-23,000 inhabitants with a third classification county seat city of 9,000-10,000 inhabitants

Applies to third classification counties without township government having 9,000-10,000 inhabitants with a fourth classification county seat city of 900-1,050 inhabitants

Includes provisions for villages with 110-125 inhabitants within qualifying counties to receive proportional PILT distributions for lands originally located within their boundaries