Section 137.983 Private car companies not subject to ad valorem taxation, when.

MO Rev Stat § 137.983 (2019) (N/A)

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Effective 13 May 1994, see footnote

137.983. Private car companies not subject to ad valorem taxation, when. — The commission may, by rule, establish levels of assessed valuation of private car companies, using total valuation of a company or the valuation apportioned to any county, below which value shall be considered de minimis. The valuation of any private car company whose total valuation is ruled de minimis, and such portion of the valuation of a private car company found to be de minimis under the commission's rules when apportioned to a specific county, shall not be subject to ad valorem taxation.

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(L. 1994 H.B. 1161 § 137.022 subsec. 7)

Effective 5-13-94

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Section 137.981 Administrative and judicial review procedure authorized for private car companies.

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Section 137.985 Commission to apportion aggregate value to each county levying an ad valorem property tax — apportionment, how computed — school districts valuation to be same, how taxed and distributed.

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