Missouri legislation · 2026 Regular Session
Missouri HB2946: Reduces the assessment percentage of tangible personal property over a period of years
Status: In committee, May 15, 2026
What the bill says
From the introduced text:
SECOND REGULAR SESSION HOUSE BILL NO. 2946 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE WEST. 6251H.01I JOSEPH ENGLER, Chief Clerk To repeal section 137.115, RSMo, and to enact in lieu thereof one new section relating to personal property taxes. Section A. Section 137.115, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 137.115, to read as follows: 137.115. 1. (1) All other laws to the contrary notwithstanding, the assessor or the assessor's deputies in all counties of this state including the City of St. Louis shall annually make a list of all real and tangible personal property taxable in the assessor's city, county, town or district. (2) Except as otherwise provided in subsection 3 of this section and section 137.078, the assessor shall annually assess all personal property as follows: (a) Before January 1, 2027, at thirty-three and one-third percent of its true value in money as of January first of each calendar year; and (b) Beginning January 1, 2027, the percentage of the true value in money at which tangible personal property is subject to assessment under the provisions of this subsection shall be reduced as described in this paragraph each year for a period of three years. The assessor shall annually assess all personal property as of January first of each calendar …
Sponsors
- Richard West (R, 102) · primary sponsor
Latest actions
- : Referred: Emerging Issues(H)
- : Read Second Time (H)
- : Introduced and Read First Time (H)
Common questions
- What is HB2946?
- HB2946 is a bill in the Missouri Legislature (2026 Regular Session): Reduces the assessment percentage of tangible personal property over a period of years.
- What is the status of HB2946?
- In committee as of May 15, 2026. Latest action: Referred: Emerging Issues(H) (May 15, 2026).
- Who sponsored HB2946?
- Richard West (R, 102).
- Where is the official record for HB2946?
- On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB2946&year=2026&code=R
Source: official Missouri record. Tracked by Delilah, AI for legislation across all 50 states and Congress.