MO HJR46

Proposes a constitutional amendment to allow up to three Missouri cities to participate in a pilot program for land value taxation, which would separately tax land and buildings on land as distinct subclasses of property

Creates two new property subclasses under Class 1: subclass (4) for land or land exclusive of buildings, and subclass (5) for buildings on land, enabling differentiated tax rates

Requires the State Tax Commission to establish an application procedure and notify all cities in the state about the program

Each participating city's governing body must appoint a committee including a governing body representative, local business representative, land use attorney, and relevant citizens to develop an implementation plan

Implementation plans must include a process for differentiated tax rates, designated geographic areas where the rates apply, and identification of legal or administrative issues, with plans taking effect January 1st following State Tax Commission approval