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MO SB405
Bill
AI Summary
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Raises the threshold from $2 million to $3 million for counties to qualify for the tiered fee structure on tax collections
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Counties with total levies between $350,000 and $3 million collect 2.5% on the first $350,000 plus 1% on amounts above that (previously this tier applied to counties under $2 million)
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Counties with total levies exceeding $3 million now collect a flat 1% fee on all amounts collected (previously applied to counties over $2 million)
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Applies to county collectors in counties without township organization collecting state, county, bridge, road, school, and other local taxes
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All fees collected are deposited into the county general fund
Legislative Description
Raises the outer threshold amount for a county to be eligible to collect a greater percentage of the total taxes collected as a fee
Last Action
Signed by Governor
7/6/2015