This act also provides that an ordinance authorizing a property tax credit that is adopted by a county shall not preclude such ordinance from being subsequently amended or superseded by a petition adopted pursuant to the act.

This act also provides that the real property tax liability for the eligible taxpayer's initial credit year shall be increased to reflect the real property tax liability attributable to any new construction and improvements made to the taxpayer's homestead in addition to any property tax liability owed to a taxing jurisdiction that has annexed the taxpayer's homestead subsequent to the taxpayer's initial credit year.

Finally, this act requires that a county granting a tax credit shall notify each political subdivision within such county of the total credit amount applicable to such political subdivision by no later than November 30th of each year.

This act contains an emergency clause.

JOSH NORBERG

Current constitutional provisions also allow the Governor to reduce the expenditures of the state below their appropriations when actual revenues are less than the revenue estimates. This constitutional amendment requires such reduction. (Section 27)

JOSH NORBERG

· Because of his or her own serious health condition;

· For the purpose of caring for a family member with a serious health condition;

· To bond with a child within one year of the birth or placement of the child in connection with foster care or adoption; or

· For the purpose of participating in activities directly related to the educational advancement of the employee's child.

Leave must be taken concurrent with any leave taken under the federal Family Medical Leave Act. Leave taken under this act may be in addition to any additional leave provided by an employer's leave program. Eligibility for leave under this act shall be established by filing a certificate of a health care provider that establishes the serious health condition of the employee or the employee's family member. Employers are required to pay employees who take leave under this act at a rate of 65% of the hourly rate at which such employee is paid in the normal course of employment, or $300 per week, whichever is greater. Employers are required to maintain health care coverage for the employee in the same manner as if the employee had not taken leave.

Employers who fail to comply with the leave requirements of this act shall be liable to affected employees for the full amount of wages owed plus an additional equal amount as liquidated damages. All actions brought under this act shall be commenced within two years of the accrual of the cause of action.

The Department of Labor and Industrial Relations is required to conduct an outreach program to ensure that individuals who may be eligible for leave under this act are aware of the provisions of this act. Employers are required to keep a notice posted in a conspicuous place summarizing the requirements of this act.

This act is identical to SB 193 (2023), SB 54 (2017), and SB 983 (2016), substantially similar to HB 1255 (2023), and similar in concept to SB 548 (2023), HB 1126 (2023), SB 729 (2022), HB 2222 (2022), HB 2822 (2022), SB 416 (2021), HB 1372 (2021), SB 565 (2020), HB 2542 (2020), SB 162 (2019), SB 607 (2018), HB 1956 (2018), SB 69 (2017), HB 659 (2017), SCS/SB 291 (2017), HB 1059 (2017), SB 1049 (2016), and HB 1161 (2015).

SCOTT SVAGERA

This act is identical to HB 2071 (2024).

SARAH HASKINS

This act is identical to SB 313 (2023) and the perfected SB 798 (2022).

SARAH HASKINS

HCS HB 1906 -- REAL PROPERTY VALUATION ASSESSMENTS

SPONSOR: Chappell

COMMITTEE ACTION: Voted "Do Pass with HCS" by the Special Committee on Property Tax Reform by a vote of 21 to 2.

The following is a summary of the House Committee Substitute for HB 1906.

Beginning January 1, 2025, the true value in money of real property maintained and used by the owner as a primary residence for assessment purposes will be equal to the most recent purchase price of such real property. Such true value in money shall be the true value in money for all subsequent assessments until the next sale of such property.

As specified in the bill, if a homeowner makes additions or improvements to the property, and those additions or improvements increase the value of said property by 50% or more, the homeowner must notify the assessor. The assessor must then establish a new assessed valuation, which will be the true value in money for all subsequent assessments until the next sale of such property.

If the sale of a piece of real estate results in a transaction that is below market value, the assessor must provide evidence to the Board of Equalization or other equivalent entity that such sale price should not be used as the new true value in money for assessment purposes.

Participation in the assessment process is optional. If a homeowner wishes to participate in the assessed valuation provisions as specified in this bill, such owner may opt in by notifying the assessor's office, and the homeowners' real property must be assessed under the assessment process in existence on or before December 31, 2024.

This bill is the same as HB 1078 (2023).

The following is a summary of the public testimony from the committee hearing. The testimony was based on the introduced version of the bill.

PROPONENTS: Supporters say that the State is not supposed to tax unrealized gains, and yet that is what happens when homeowner's real estate taxes increase because of rising home values. As a result, many people are being taxed out of their homes. Supporters further say that most homeowners are unaware of why or by how much the value of their property is rising, but that this bill would treat all property owners equally.

Testifying in person for the bill was Representative Chappell.

OPPONENTS: There was no opposition voiced to the committee.

Testifying in person against the bill was Lisa Pannett, Armorvine.

OTHERS: Others testifying on the bill say if the price at which a home is sold is not a required disclosure, this will negatively affect companies or investors when they evaluate the price-to-sales ratio.

Testifying in person on the bill was Kenneth Mohr, Boone County Assessor's Office.



Written testimony has been submitted for this bill. The full written testimony and witnesses testifying online can be found under Testimony on the bill page on the House website.

Subject to appropriations, a political subdivision that receives less than the allowable amount of total real and personal property tax revenues shall be eligible for reimbursement from the state in an amount equal to the amount by which such revenues are below the allowable amount.

This act is substantially similar to SS/SCS/SB 8 (2023) and SB 493 (2023), and to a provision in HCS/SS/SB 23 (2023), HCS/SS#3/SCS/SB 131 (2023), SS/SCS/SB 133 (2023), as amended, HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and SCS/HCS#2/HB 713 (2023).

JOSH NORBERG

JOSH NORBERG

Subject to appropriations, a political subdivision that receives less than the allowable amount of total real and personal property tax revenues shall be eligible for reimbursement from the state in an amount equal to the amount by which such revenues are below the allowable amount.

This act is substantially similar to SS/SCS/SB 8 (2023) and SB 493 (2023), and to a provision in HCS/SS/SB 23 (2023), HCS/SS#3/SCS/SB 131 (2023), SS/SCS/SB 133 (2023), as amended, HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and SCS/HCS#2/HB 713 (2023).

JOSH NORBERG

PROPERTY TAX ASSESSMENTS

This act provides that if the common level of assessment, as defined in the act, in a subclass is lower than the individual level of assessment, as defined in the act, of any parcel in such subclass, then the individual level of assessment for such parcel shall be reduced to the common level of assessment. Such reduction shall be made upon an appeal by the taxpayer. (Section 137.132)

PROPERTY TAX APPEALS

Current law provides that, in any appeal in which an assessor fails to provide evidence of a physical inspection required by law, the taxpayer shall prevail as a matter of law. This act also provides that the assessor's increased assessed valuation shall be void in its entirety and the previous assessed valuation shall be applied. (Section 138.060)

Current law authorizes any first class charter county or city not within a county to require, by ordinance or charter, the reimbursement of just and reasonable appraisal costs, attorney fees, and court costs resulting from hearings before the State Tax Commission for taxpayer appeals of property assessments. This act requires such reimbursements. This act also increases the maximum amount of fees to be reimbursed from $1,000 to $5,000 for residential property appeals, and from $4,000 to $5,000 for utility, industrial railroad, or other subclass three property appeals. (Section 138.434)

PROTESTED PROPERTY TAXES

Current law requires a taxpayer to file a written protest of property taxes with the collector at the same time such taxpayer makes full payment of such taxes. This act repeals such requirement.

This act also provides that the interest due to a taxpayer whose protested taxes were distributed to a taxing authority shall be calculated from the date that the protested taxes were distributed to the taxing authority through the date of the refund.

Any taxpayer determined by a circuit court or the State Tax Commission to be entitled to a refund of property taxes shall receive such refund from the collector within thirty days of the final determination of the refund amount by the circuit court or State Tax Commission. If such refund is not issued within thirty days, the taxpayer shall be entitled to interest on the refund as calculated under current law. (Section 139.031)

This act is substantially similar to SS/SB 95 (2023) and SB 1108 (2022), and to provisions in SS/SCS/SB 15 (2023).

JOSH NORBERG

PROPERTY TAXES

This act authorizes a county or municipality to adopt a resolution to collect delinquent taxes pursuant to the Land Tax Collection Law, currently only applicable to charter counties and Clay and Buchanan Counties. (Section 140.010, 141.220 and 141.230)

This act allows a county collector to preclude a prospective bidder from participating in the sale of lands with delinquent taxes if such prospective bidder is delinquent on his or her property tax payments. (Section 140.190)

This act provides that the state and other taxing authorities and lienholders shall be foreclosed from any unclaimed right, title, interest, claim, or equity of redemption in or to the land and of any lien upon the land upon the expiration of the right to redeem. (Section 140.420)

Current law provides for salaries to be paid to land tax attorneys and delinquent land clerks appointed by the county collector. This act provides that such compensation shall be determined by the collector. (Section 141.320 and 141.330)

Current law requires certain information to be listed in a petition for the foreclosure of a tax lien. This act adds certain identifying information of the petitioners and any person with a legal interest in the parcel of land affected by the suit. The collector shall prepare and send by first-class mail a copy of the petition within thirty days after the filing of the petition to the occupant of the parcel. (Section 141.410, 141.440, and 141.500)

This act requires a collector to obtain a title search for all conveyances, liens, and charges against the real estate involved in a delinquent tax sale, and requires a sheriff to meet certain notice requirements prior to the sale. (Section 141.520)

This act modifies provisions relating to the procedure of selling delinquent property, including the date of sales for partial opt-in counties, requiring a nonreimbursable $200 bidder fee, and a requirement that prospective bidders submit an affidavit attesting that such bidder meets all statutory requirements. No person shall be eligible to bid unless the person has demonstrated to the satisfaction of the applicable official that the person is not the owner of any real property with two or more violations of the municipality's building or housing codes. (Section 141.550)

This act requires a court to hold a hearing to confirm or set aside a foreclosure sale within six months after the sheriff sells any parcel of real estate. The court's judgment shall include a finding that adequate notice was provided. This act allows the proceeds of a land sale in partial opt-in counties to be distributed to the school fund for the county, and also allows a county to allocate a portion of its share of proceeds to a fund for the purposes of defending against claims of insufficiency of notice. (Section 141.580)

This act requires opt-in and partial opt-in counties to establish a land trust for the management, sale, and other disposition of tax delinquent lands. (Section 141.700 and 141.821)

This act repeals provisions of law relating to land tax collections in St. Louis City. (Sections 141.820 to 141.970)

LAND BANKS

This act changes the title of the "Land Bank Act" to the "Chapter 140 Land Bank Act" and authorizes St. Louis County and any municipality with more than 1,500 inhabitants and not located in St. Louis County to establish a land bank. (Section 140.980 to 140.981)

The act requires any county establishing a land bank agency to appoint members to a board of directors, as described in the act. (Section 140.982)

This act provides that all taxes, special taxes, fines, and fees on real estate shall be deemed satisfied by transfer to a land bank agency. (Section 140.984)

This act repeals provisions relating to the distribution of proceeds of property disposed of by a land bank agency. (Section 140.985)

This act prohibits a foreign or domestic corporation or limited liability company that has failed to appoint or maintain a registered agent from buying property from a land bank agency. A land bank agency may condition the sale of a property by requiring the purchaser to make certain improvements to the parcel. (Section 140.987)

A county that has established a land bank agency may collect a fee for the collection of delinquent and back taxes in an amount up to five percent of all collections, which shall be paid to the land bank agency. (Section 140.988)

This act authorizes the governing body of the county or municipality establishing a land bank agency to issue bonds, as described in the act. (Section 140.994)

This act applies conflict of interest provisions to members of a land bank agency board in addition to employees of the land bank agency. (Section 140.1000)

This act authorizes any municipality located wholly or partially within an opt-in county to establish a land bank pursuant to current provisions of law that apply only to the city of St. Joseph. (Section 141.980 to 141.1009)

This act is substantially similar to HCS/HB 587 (2023) and HB 1088 (2023).

JOSH NORBERG

This act is substantially similar to SS/SB 105 (2023).

JOSH NORBERG

In lieu of such property tax, the amendment requires a county to impose a sales tax on the sale of real property at a rate equal to the total combined rate of state and local sales taxes in effect at the location of the property, provided that all revenues generated by the tax are collected and distributed by the county in the same manner as the property tax levied prior to January 1, 2025. A taxpayer shall select whether to remit the tax due upon the transfer of the title of the property, or to remit ten percent of the sales tax due to the county collector upon the transfer of title of the property, and the remainder within five, ten, or fifteen years in equal annual installments. Financial institutions that are mortgage servicers shall pay sales tax obligations which they service from escrow accounts in one payment by the required due date.

This amendment also requires a taxpayer who purchases his or her real property prior to January 1, 2025, to remit a tax equal to the total combined rate of state and local sales taxes in effect at the location of the property multiplied by the remaining mortgage balance on such property, provided that all revenues generated by the tax are collected and distributed by the county in the same manner as the property tax levied prior to January 1, 2025. A taxpayer shall select whether to remit the tax due by December 31, 2025, 2030, 2035, or 2040, with such payment made in equal annual installments. Financial institutions that are mortgage servicers shall pay sales tax obligations which they service from escrow accounts in one payment by the required due date. (Section 4(e))

This amendment also modifies a constitutional provision prohibiting sales taxes on transactions that were not subject to tax as of January 1, 2015, by providing an exemption for the sales tax imposed pursuant to the amendment. (Section 26)

This amendment is identical to SJR 18 (2023) and SJR 59 (2022).

JOSH NORBERG

This act is identical to SB 685 (2023).

SARAH HASKINS

The maximum allowable credit under current law is limited to $750 in rent constituting property taxes actually paid or $1,100 in actual property tax paid. This act increases such amounts to $1,055 and $1,550, respectively, and annually adjusts such maximum amounts for inflation. (Section 135.025)

Additionally, current law limits the tax credit to qualifying taxpayers with an income of $27,500 or less, or $30,000 in the case of a homestead owned and occupied by a claimant for the entire year. This act increases such maximum income to $38,200 for claimants with a filing status of single, $42,200 for claimants with a filing status of single and who owned and occupied a homestead for the entire year, $41,000 for claimants with a filing status of married filing combined, and $48,000 for claimants with a filing status of married filing combined and who owned and occupied a homestead for the entire year, and annually adjusts such amounts for inflation. (Section 135.030)

This act is substantially similar to HB 666 (2023) and HCS/HB 1134 (2023), and to provisions in SS/SCS/SB 15 (2023), HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and HB 1351 (2023).

JOSH NORBERG

Subject to appropriations, a political subdivision that receives less than the allowable amount of total real and personal property tax revenues shall be eligible for reimbursement from the state in an amount equal to the amount by which such revenues are below the allowable amount.

This act is substantially similar to SS/SCS/SB 8 (2023) and SB 493 (2023), and to a provision in HCS/SS/SB 23 (2023), HCS/SS#3/SCS/SB 131 (2023), SS/SCS/SB 133 (2023), as amended, HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and SCS/HCS#2/HB 713 (2023).

JOSH NORBERG

JOSH NORBERG

Each year, the Department of Revenue shall allocate funds from the Property Tax Deferral Revolving Account, which is created by the act, to each county with properties subject to tax deferral in an amount equal to the taxes deferred within each such county. All deferrals of tax shall result in a lien to be held by the Department of Revenue against the property of the taxpayer, which shall be recorded in the mortgage records of the county in which the property is located. The lien shall be for the amount of the property tax as estimated by the Department of Revenue plus interest to accrue at six percent per annum. The taxes plus interest shall be paid when the owner dies or sells the property, moves, or the property changes ownership.

This act is identical to SB 689 (2023) and SB 1036 (2010), and is similar to SB 271 (2009), SB 1213 (2008), SB 32 (2007), SB 594 (2006), and SB 436 (2005).

JOSH NORBERG

Additionally, current law limits the tax credit to qualifying taxpayers with an income of $27,500 or less, or $30,000 in the case of a homestead owned and occupied by a claimant for the entire year. This act increases such maximum income to $35,000, or $38,000 in the case of a homestead owned and occupied by a claimant for the entire year, and annually adjusts both amounts for inflation. (Section 135.030)

This act is identical to provisions in SS/SCS/SB 15 (2023) and is substantially similar to HB 666 (2023) and HCS/HB 1134 (2023), and to provisions in HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and HB 1351 (2023).

JOSH NORBERG