Missouri HB1497: Modifies provisions governing tax rate ceiling increases

What the bill says

From the introduced text:

FIRST REGULAR SESSION HOUSE BILL NO. 1497 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE REEDY. 3076H.01I JOSEPHENGLER,ChiefClerk To repeal section 137.073, RSMo, and to enact in lieu thereof one new section relating to tax rate ceilings. Section A. Section 137.073, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 137.073, to read as follows: 137.073. 1. As used in this section, the following terms mean: (1) "General reassessment", changes in value, entered in the assessor's books, of a substantial portion of the parcels of real property within a county resulting wholly or partly from reappraisal of value or other actions of the assessor or county equalization body or ordered by the state tax commission or any court; (2) "Tax rate", "rate", or "rate of levy", singular or plural, includes the tax rate for each purpose of taxation of property a taxing authority is authorized to levy without a vote and any tax rate authorized by election, including bond interest and sinking fund; (3) "Tax rate ceiling", a tax rate as revised by the taxing authority to comply with the provisions of this section or when a court has determined the tax rate; except that, other provisions of law to the contrary notwithstanding, a school district may levy the operating levy for school purposes required …

Read the full official text

Sponsors

• Rodger Reedy (R, 057) · primary sponsor

Latest actions

1. May 15, 2025: Referred: Emerging Issues(H)
2. February 27, 2025: Read Second Time (H)
3. February 26, 2025: Introduced and Read First Time (H)

Common questions

What is HB1497?

HB1497 is a bill in the Missouri Legislature (2025 Regular Session): Modifies provisions governing tax rate ceiling increases.

What is the status of HB1497?

In committee as of May 15, 2025. Latest action: Referred: Emerging Issues(H) (May 15, 2025).

Who sponsored HB1497?

Rodger Reedy (R, 057).

Where is the official record for HB1497?

On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB1497&year=2025&code=R