Loading chat...

MO HB1766

Bill

Official Source

Status

Engrossed

2/18/2026

Primary Sponsor

Mike McGirl

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Beginning January 1, 2027, increases in aggregate personal property valuations from one year to the next will no longer be counted as "new construction and improvements" for tax rate calculation purposes
  • Prevents political subdivisions from raising personal property tax rates above the prior year's levy, regardless of other provisions allowing rate adjustments
  • Removes references to "excess home dock city or county fees" under section 313.820 from the calculation of tax revenue for school districts and counties levying sales taxes
  • Makes a technical correction changing "taxable" to "tax" year when referencing how school districts apportion state-assessed railroad and utility property revenues across real property subclasses

Legislative Description

Modifies provisions relating to personal property assessments

Last Action

Second read and referred: Select Committee on Property Taxes and the State Tax Commission(S)

2/26/2026

Committee Referrals

Select Committee on Property Taxes and the State Tax Commission2/26/2026
Rules - Legislative1/22/2026
Special Committee on Property Tax Reform1/8/2026

Full Bill Text

No bill text available