MO SB1034

Amends Section 139.031, RSMo to change how tax collectors handle protested or disputed property tax payments

Requires collectors to disburse taxes equal to the "last agreed assessment rate" to taxing authorities, rather than disbursing all non-protested portions

Limits the amount impounded in a separate fund to only the difference between the current assessment and the last agreed assessment, rather than the entire protested amount

Applies to both direct taxpayer protests filed with the collector and assessment appeals filed with the State Tax Commission or circuit court

Introduced by Senator Romine on February 8, 2016 during the 98th General Assembly's Second Regular Session