HB660--LOCALTAXATION
SPONSOR: Keathley
Thisbillspecifiesthatifapoliticalsubdivisionsubmitsatax
proposalforaneworincreasedtaxauthorizedunderaspecific
statuteanditdoesnotpass,theproposalcannotbesubmitted
againfortwoyearsfollowingtherejection.
Thebillallowsapoliticalsubdivisiontoreintroduceapreviously
rejectedtaxproposaltovotersbeforethenextelectioncycleif
thenewproposalintroducesanewtaxauthorizedbylawor
increasestherateofexistingtaxauthorizedbylawinafederal-
orstate-declarednaturaldisasterarea.
Thebillrequiresthatifthegoverningbodyofamunicipality
wishestoestablishasalestaxbywayofaproposedcommunity
improvementdistrict,theordinancemustbeapprovedbyatwo-
thirdsvoteofthegoverningbody.Anyordinanceorpetition
approvedundertheseprovisionsthatestablishesadistrictthatis
fundedbyasalestaxisrequiredtopassbyatleastatwo-thirds
majorityvote.
Thisbillexemptsnon-profitentitiespursuantto26U.S.C.Section
501(c)fromanypropertytaxorspecialassessmentthatmightbe
leviedbyataxingdistrict.
Thisbillalsorequiresthatanyballotmeasureproposingatax
alterationonrealpropertymustclearlystatetheimpactofthe
proposedchangeintermsoftheactualamountper$100,000ofa
property'smarketvaluewithintheballotlanguage.
Thebillrequiresthatifvotersareaskedtoapproveapermanent
increasetothetaxrateceilingbeforeatemporarylevyincrease
expires,theballotlanguagemustclearlyindicatethatifthe
permanentincreaseisapproved,thetemporarylevywillbecome
permanent.
Thebilldefines"currenttaxrateceiling"and"increasedtaxrate
ceiling". Whenamajorityofvotersinapoliticalsubdivision
approveataxrateincrease,thesubdivisionmustusethecurrent
taxrateceilingandtheapprovedincreaseforthefollowingtax
year.Iftheassessedvaluationofrealpropertydecreasesinthat
year,thesubdivisioncanadjustitslevyratestoensureit
receivesthesamerevenueitwouldhavereceivedwithoutthe
propertyvaluereduction. Theuseoftheincreasedtaxrate
ceilingmustberevenueneutral,asmandatedbytheMissouri
Constitution. Thisbillfurtherrequiresthatanyprojectproposalsfroma
transportation developmentdistrictbesubmittedtotheMissouri
HighwaysandTransportation Commission,ortothelocal
transportation authority,asapplicable,forapprovalpriortothe
constructionorfundingofanyproject. TheMissouriHighwaysand
Transportation Commission,orthelocaltransportation authority,
asapplicable,mustapprovetheprojectbyatwo-thirdsmajorityif
theproposedprojectistobefundedbyasalestax.
ThisbillissimilartoHCSHB2058(2024).