MO SB1088

Single family homes owned by sole proprietors, individuals, partnerships, or LLCs that are leased for less than 30 consecutive days (short-term rentals) and subject to sales tax must be classified as residential property for tax purposes

Clarifies that leasing a single family home for less than 30 consecutive days does not, by itself, constitute "transient housing" which would trigger commercial property classification

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

Residential property classification typically results in a lower assessed value (19% of market value) compared to commercial property (32% of market value), providing tax benefits to qualifying short-term rental owners