MO SB223

Amends Section 137.073, RSMo to eliminate the provision allowing political subdivisions to revise tax levies upward to account for inflationary assessment growth (previously capped at the lower of actual assessment growth, CPI, or 5%)

Removes the option for political subdivisions to use either the most recent voter-approved tax rate or an adjusted voter-approved rate, limiting them to only the most recent voter-approved rate as the tax rate ceiling

Eliminates the detailed process by which voter-approved tax rate increases were adjusted based on assessed valuation changes and consumer price index increases between election date and implementation

Grants taxpayers direct standing to sue taxing authorities in court within one year of taxes being due, without first paying taxes under protest and without requiring a complaint to the prosecuting attorney

Maintains existing class action provisions allowing taxpayers to bring representative suits against taxing authorities believed to be in violation of Article X, Sections 16-24 of the Missouri Constitution