MO HB2060

Single family homes leased for less than 30 consecutive days (short-term rentals) must be classified as residential property for tax purposes, even when subject to sales tax under Missouri's transient accommodations tax

Short-term leasing of a single family home, in whole or in part, for less than 30 consecutive days does not by itself constitute "transient housing" under the amended definition

Amends Section 137.016, RSMo, which defines property classifications under Article X of the Missouri Constitution for property tax assessment purposes

Effectively prevents short-term rental properties like vacation rentals and Airbnbs from being reclassified as commercial property, which would be taxed at a higher assessment rate