SPONSOR: Reedy
COMMITTEE ACTION: Voted "Do Pass" by the Standing Committee on Ways and Means by a vote of 9 to 0. Voted "Do Pass" by the Standing Committee on Rules-Legislative by a vote of 10 to 0.
Currently, the assessor of each county uses the trade-in value published in the October issue of the National Automobile Dealers' Association Official Used Car Guide (NADA) for determining the true value in money of motor vehicles.
Beginning January 1, 2026, this bill allows assessors to use a nationally recognized automotive trade publication such as the NADA, Kelley Blue Book, Edmunds, or other similar publication. The State Tax Commission will select the publication to be used, and the assessors will use the trade-in value published in the current October issue of the selected publication. The assessor can not assess a motor vehicle for an amount greater than the motor vehicle was assessed the previous year.
This bill is similar to HCS HB 1690 (2024).
PROPONENTS: Supporters say that the single-source guide requirement costs in excess of $60,000 and will go up again next year. Every assessor should be provided the guide, and it should fall under the state's authority to provide such guides to counties.
Testifying in person for the bill were Representative Reedy; Dan Hutton, State Tax Commission; Kenny Mohr, Missouri State Assessors Association; Missouri Farm Bureau; Steve Hobbs; Missouri Municipal League; and Missouri County Collectors Association.
OPPONENTS: There was no opposition voiced to the committee.
Written testimony has been submitted for this bill. The full written testimony and witnesses testifying online can be found under Testimony on the bill page on the House website.
Statutes affected: