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MO SB1094

Bill

Official Source

Status

Introduced

2/25/2016

Primary Sponsor

Mike Kehoe

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Adds a new property tax exemption (subdivision 11) to Missouri's existing tax exemption statute (Section 137.100, RSMo)

  • Exempts from state, county, and local property taxes the portion of privately owned land subject to a railroad easement where a railroad right-of-way exists

  • Applies only when a state, political subdivision, or qualified organization has assumed responsibility for the land under the federal railbanking program (16 U.S.C. 1247(d))

  • Reported favorably from the Senate Committee on Ways and Means on March 31, 2016, during the 98th General Assembly

Legislative Description

Creates a property tax exemption for trails operated through railroad easements

Last Action

Informal Calendar S Bills for Perfection--SB 1094-Kehoe, with SCS

5/13/2016

Committee Referrals

Ways And Means And Fiscal Oversight3/3/2016

Full Bill Text

No bill text available