SB 183 - Current law requires assessors to use the National Automobile Dealers' Association Official Used Car Guide to determine the true value of motor vehicles. This act instead requires assessors to use the manufacturer's suggested retail price (MSRP) published in a nationally-recognized automotive trade publication chosen by the State Tax Commission. The publication chosen by the Commission shall be used for periods of at least three years and may be reauthorized by the Commission.

Beginning January 1, 2026, assessors shall apply the twenty-five year depreciation table provided in the act to determine the assessed value of a motor vehicle. In no case shall the assessed value of a vehicle be less that one hundred dollars.

This act is substantially similar to SS/SCS/SB 799 (2024), HCS/HB 1690 (2024), HB 2358 (2024), SS/SCS/SB 8 (2023), and SB 493 (2023), and to a provision in HB 2403 (2024), 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

Statutes affected:
Introduced (0482S.01): 137.115

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 183
Sponsor: Crawford
Hearing Date: 2/17/2025


COMMITTEE: Transportation, Infrastructure and Public Safety

CHAIRMAN: Fitzwater

DATE REFERRED: 2/3/2025 DATE HEARING REQUESTED: 2/3/2025



STAFF:
Bryce Beal
Alyssa Bruemmer
Tyler Gerling
Eric Vander Weerd


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Mark Fiegenbaum - Missouri Farm Bureau
Kenneth Mohr - Missouri State Assessors' Association
Steve Hobbs - Missouri Association Counties


WITNESSES AGAINST: